A proposal for transmission access regime under NETA

• Published in: IEE conference publication pp. 47 - 52
• Main Author: Bialek, J.W
• Format: Conference Proceeding
• Language: English
• Published: London IEE 2002
• Subjects: Applied sciences; Electrical engineering. Electrical power engineering; Electrical power engineering; Exact sciences and technology; Operation. Load control. Reliability; Planning; Power networks and lines; Power system management, operation and economics; Power transmission, distribution and supply; Public utilities; England; United Kingdom; Great Britain; Europe; Wales; NETA; transmission access regime; optimal long term signals; operational procedures; Wales; financial rights; costing; England; optimal short term signals; power transmission; access settlement system; contracts; voluntary auctions; power system economics; constraint relief actions; New Electricity Trading Arrangements; marginal pricing; balancing mechanism; electricity supply industry; access imbalances; Access control; Trade; Transmission networks; Bidding; Electrical network; Power system economics; Economic aspect; Contract; Marginal cost; Economic disequilibrium
• ISBN: 0852967489; 9780852967485
• ISSN: 0537-9989
• DOI: 10.1049/cp:20020009

The paper considers a proposal for transmission access regime under New Electricity Trading Arrangements (NETA) in England and Wales. The financial rights for contracts are allocated by a series of voluntary auctions. Any access imbalances are charged the marginal price emerging from the constraint relief actions undertaken in the balancing mechanism. The scheme is simple, easy-to-understand and relatively cheap to implement. It does not require any changes in operational procedures, the only difference would be in the access settlement system which would rely on information and prices emerging from the BM. The congestion prices would provide optimal short and long term signals.