The authors offer a new method of estimating the potential gains achievable via transmission expansion in moving power from lower-priced to higher-priced regions. Rather than relying on simulation approaches, where electricity is dispatched based on specific assumptions regarding market-bidding behavior, plant generating costs, and plant availability, this technique instead relies on actual market data to estimate this source of economic value.
All Science Journal Classification (ASJC) codes
- Business and International Management
- Energy (miscellaneous)
- Management of Technology and Innovation