Conclusions
1. Model provides tool to simulate electric dispatch/scheduling.
- Provides models for M & A analysis
- risk management
2. Reasonable results but still missing some of the story in Alberta
- Hydro extremely important with dynamic constraints on thermal units –
may need SDP even for systems with < 25 % hydro.
- Market Power?
- Transmission and distribution details.
- Forced Outages
3. Using MIP and DP for simulating competitive electricity markets on the desktop
will soon be moving from the Beta to the implementation stage
- Model development times will be reduced
- Reduced hardware and software costs
4. Reducing costs of modeling electricity systems is key to successful restructuring
- Reduces barriers to entry
- Allows (informed) decentralized decision making