Abstract
The Revenue Sufficiency Guarantee (RSG), as part of make-whole (or uplift) payments in electricity markets, is designed to recover the generation resources' offer-based production costs that are not otherwise covered by their market revenues. Increased penetrations of wind power will bring significant impacts to the RSG payments in the markets. However, literature related to this topic is sparse. This paper first reviews the industrial practices of implementing RSG in major U.S. independent system operators (ISOs) and regional transmission operators (RTOs) and then develops a general RSG calculation method. Finally, an 18-bus test system is adopted to demonstrate the impacts of increased wind power on RSG payments.
| Original language | American English |
|---|---|
| Number of pages | 7 |
| State | Published - 2016 |
| Event | 2016 IEEE Power and Energy Society General Meeting - Boston, Massachusetts Duration: 17 Jul 2016 → 21 Jul 2016 |
Conference
| Conference | 2016 IEEE Power and Energy Society General Meeting |
|---|---|
| City | Boston, Massachusetts |
| Period | 17/07/16 → 21/07/16 |
NREL Publication Number
- NREL/CP-5D00-65387
Keywords
- electricity markets
- impact
- make-whole payment
- revenue sufficiency guarantee
- RSG
- uplifts
- wind