Abstract
Deregulation of the electric power industry is bringing unprecedented changes to previously predictable business. FERC’s Notice of Public Rulemaking for Standard Market Design (SMD) forwards a standard framework for the nation’s electricity markets and is intended to remedy undue discrimination through open access transmission service. The electricity market itself consists of the (1) forward and (2) spot or real-time markets. The forward market may include bilateral contracts, future, options, day-ahead and hour-ahead market for energy and ancillary service markets. In the real-time market, only the energy is traded.
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Marwali, M. (2012). Integration of Intermittent Resource in a Real Time Scheduling. In: Keyhani, A., Marwali, M. (eds) Smart Power Grids 2011. Power Systems. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-21578-0_2
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DOI: https://doi.org/10.1007/978-3-642-21578-0_2
Publisher Name: Springer, Berlin, Heidelberg
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