Market Based Concepts and Criteria For Transmission Planning

Market Based Concepts and Criteria For Transmission Planning

May 25-27, 2004 - Hyatt at Fisherman's Wharf - San Francisco, CA
Click Here To Download A Complete Conference Brochure
Click Here For A Complete Listing Of Upcoming Conferences

COURSE SYNOPSIS - Deregulation, Unbundling, creation of super RTOs and Open Market have changed the process of Transmission Planning and Operation. The new competitive market has a major influence on the utilization of existing transmission lines and justification for transmission expansion. Whereas, the competitive market structure is shaped by regulatory attitudes and pricing regimes, the bulk power markets are fundamentally defined by physical transmission limitations. RTO setup offers transmission owners and operators a tremendous opportunity to optimize the value of transmission services, create incentives for relieving transmission congestion and improve reliability. Transmission planners and operators need to have a clear understanding of how to incorporate market impacts in the overall planning models and decision-making. The key to successful RTO and competitive market operations is proper understanding of the planning, engineering, operating, pricing, and regulatory issues related to transmission congestion, probabilistic nature of transmission transfer capability, impact of technology on competitive electricity transactions, system operating structures, ancillary services, federal and state regulations, etc. Examples of planning criteria, scenario analyses, transfer limit calculation procedures, transmission congestion and options for relieving such congestion, and market testing for independent transmission projects are covered in this course.

Course Outline:

Introduction

Course objective and discussion of participant's interests
Transmission Planning and Operational Control in the wake of blackouts and deregulation
Review of deregulation, unbundling, open-access, and RTO formation, current status
FERC white paper, wholesale power market platform-FTR day-ahead & real-time markets, and market monitoring, etc.
Transmission open access, services, congestion, security and reliability
Deterministic Criteria
Probabilistic Criteria and Indices
Reliability Indices for Load Serving Entities (LSE)

Transmission Grid Reliability & Security

Contingency Enumeration and Monte Carlo Methods
Uncertainties and Scenario Analysis
Value of Energy Unserved (EUE) and Customer Outage Costs
Cost-benefit and Effectiveness Analysis
Reliability Upgrades and Congestion Upgrades
Voltage Collapse, Reactive Power Reserves and Response

Market Based Planning Concept: Transfer Capability, Flow Gates, LMP

Transfer Capability Determination - FCITC, FCTTC, ATC, CBM, and TRM - Deterministic & Probabilistic View
Economic issues, short run, and long run marginal cost
Market Clearing Price forecast for various ISO/RTO markets
Locational Marginal Pricing (LMP) Calculation and example

Network Access Tariff, Transmission Pricing and Congestion

Allocation of transmission services, Value of Ancillary Services, and Pricing Methodologies
Cost Allocation Rules for IPP Interconnection and Related System Upgrade Cost
Transmission tariff and Performance Based Rate-making
Physical and Financial mitigation
New technology to Improve Transmission Transfer Capability

Market Based Transmission Planning Process: Summary and Examples

Reliability and Corporate Performance Measures, Market Scenarios, Methodologies, Simulations, Results and Analyses, and Decision-making
Wrap-Up and Questions and Answers

Course Instructors:

Mr. Henry Chao, VP of Transmission, ABB Consulting

Henry Chao is an electrical and operations research engineer with 20 years of experience in all aspects of electric utility planning and operations. Dr. Chao obtained his Ph.D. degree from Georgia Institute of Technology, Atlanta. As Vice President of Transmission at ABB Consulting, his main responsibility is to direct development and consulting using advanced models and technologies. These models and technologies are designed to analyze bulk power markets, relieve transmission congestion, and foster improved understanding of the competitive forces underlying the changes in the electric power sector.

Mr. Prabu Prabhakara, Executive Consultant, ABB Electric Systems Consulting

Prabu Prabhakara is an Executive Consultant with ABB Electric Systems Consulting, located in Albany, NY. Dr. Prabhakara obtained his Ph.D. degree from Purdue University, Indiana. He has over 30 years of wide ranging experience in Electric Power System Analysis, Planning, Reliability, Security, System Operation, Interconnection, Power Pooling, Economic Feasibility and Conceptual Engineering Studies.

Click Here To Download A Complete Conference Brochure
Click Here For A Complete Listing Of Upcoming Conferences