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ELP Volume 80 Issue 12
Locational Marginal Pricing (LMP) is a methodology for pricing electricity and managing transmission congestion that has been used by PJM and NY-ISO, and is likely to be adopted across the U.S. by Regional Transmission Organizations (RTOs) such as MISO and CAL-ISO and SeTrans.
The Federal Energy Regulatory Commission (FERC) Standard Market Design (SMD) Notice of Rule Making (NOPR) is best described as a "back to the basics" initiative that is intended to restore deregulation momentum in the United States and all of North America.
Earlier this year, the Federal Energy Regulatory Commission (FERC) opened up a new branch labeled the Office of Market Oversight and Investigations (OMOI). OMOI's function, according to FERC, is to help the commission "improve its understanding of energy market operations and ensure vigilant and fair oversight of those areas under the commission's jurisdiction."
When other utilities were venturing into diverse, unregulated businesses, Consolidated Edison Inc. (Con Edison) continued its conservative "wires and pipes" approach to sustaining financial strength.
The Sept. 11, 2001, attack on the World Trade Center should have been a wake-up call to designers and operators of America's infrastructure. Al-Queda operatives demonstrated that they have the time and talent to study technical systems, uncover weak points, and initiate actions that will exploit those weaknesses.
As businesses continue to emphasize and require anytime-anywhere access to corporate information, we see more enterprise applications with wireless components enabling far more than email exchange.
The electric power system is now one of the largest and most complex of man-made objects, with billions of components, tens of millions of kilometers of transmission line, thousands of generators, and power outputs ranging from under 100 kW to more than 1000 MW.
Since Texas opened its electricity market to competition in January 2002, a major part of a successful restructuring operation has been transmission lines—how many there are and if there's enough transmission capacity to meet changing requirements.