CONCEPTS AND TOOLS FOR MONITORING ELECTRICITY MARKETS

摘要

Electricity markets are being formed in many parts of world as part of industry restructuring. Tools and IT infrastructure for operating these markets have been developed and continue to evolve as market rules and their geographical footprints change. In contrast, tools for monitoring electricity markets, analysis of markets structure and the behavior of participants, e.g. GENCOs, and market power detection, have not received much attention. In North America the importance of Market Monitoring and Mitigation became very apparent as a result of the events in the California market and the ENRON trading strategies. As new electricity markets are being designed, it is important that systems and rules for market monitoring should be put in place before the markets begin operation. This module will provide an overview of market monitoring activities, analytical tools, and some of the best practices from different markets around the world. Perspectives on the evolution of tools and the role of emerging software technologies such as multi-agent technology, and advanced database systems, will be discussed.