eprintid: 588
rev_number: 12
eprint_status: archive
userid: 10
dir: disk0/00/00/05/88
datestamp: 2012-10-29 16:26:03
lastmod: 2015-05-29 20:12:39
status_changed: 2012-10-29 16:26:03
type: report
metadata_visibility: show
item_issues_count: 0
creators_name: Palvolgyi, D
creators_name: Csapo, G
creators_name: Wortel, M
title: Strategic bidding in a primary reserve auction
ispublished: pub
subjects: discrete
subjects: utilities
studygroups: esgi79
companyname: Statkraft
full_text_status: public
abstract: Electricity grids are subject to a constant change of demand. If a power line is overloaded, the demand is rerouted to another line, which is then also likely to overload due to the sudden spike in voltage. Due to this cascading effect a grid-wide blackout is not at all improbable; one occurred in Italy in 2003. The costs of such a blackout are immense in today’s modern society. Transport and telecommunication systems have such a high power demand that a backup power generator system would come at a very high cost. To solve this, Germany requires the electricity grid operators to have Primary Reserve Capacity on standby...
date: 2011
citation:   Palvolgyi, D and Csapo, G and Wortel, M  (2011) Strategic bidding in a primary reserve auction.  [Study Group Report]     
document_url: http://miis.maths.ox.ac.uk/miis/588/1/Amst113.pdf