The CAISO's Physical Validation Settlement Service: A Useful Tool for All LMP-Based Markets [An article from: The Electricity Journal]

This digital document is a journal article from The Electricity Journal, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
All LMP-based markets face ''seller's choice'' issues from legacy contracts which permit the seller flexibility in choosing the contract's delivery point. California's ISO recently developed a novel and creative solution to this problem by developing a physical validation settlement service for all trades that CAISO settles between scheduling coordinators at individual nodes. The service also has use in resource adequacy and installed capacity contexts.