{"title":"为什么ERCOT ORDC在2000兆瓦的悬崖上飞溅:数学和图形解释","authors":"Richard Wakeland","doi":"10.2139/ssrn.3188518","DOIUrl":null,"url":null,"abstract":"The Electric Reliability Council of Texas (ERCOT) operating reserve demand curve (ORDC) is a complex mathematical tool used as the ERCOT market’s scarcity pricing mechanism. For it to be improved, it must first be understood. This work explains why the curve does not produce a loss of load probability equal to 1.0 when reserve level equals zero or the administratively imposed zero at the minimum contingency level (MCL or X).","PeriodicalId":172652,"journal":{"name":"ERN: Market Structure (Topic)","volume":"21 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2018-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":"{\"title\":\"Why the ERCOT ORDC Splatters on the 2,000 MW Cliff: A Mathematical and Graphical Explanation\",\"authors\":\"Richard Wakeland\",\"doi\":\"10.2139/ssrn.3188518\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The Electric Reliability Council of Texas (ERCOT) operating reserve demand curve (ORDC) is a complex mathematical tool used as the ERCOT market’s scarcity pricing mechanism. For it to be improved, it must first be understood. This work explains why the curve does not produce a loss of load probability equal to 1.0 when reserve level equals zero or the administratively imposed zero at the minimum contingency level (MCL or X).\",\"PeriodicalId\":172652,\"journal\":{\"name\":\"ERN: Market Structure (Topic)\",\"volume\":\"21 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2018-05-31\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"4\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"ERN: Market Structure (Topic)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.3188518\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Market Structure (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3188518","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Why the ERCOT ORDC Splatters on the 2,000 MW Cliff: A Mathematical and Graphical Explanation
The Electric Reliability Council of Texas (ERCOT) operating reserve demand curve (ORDC) is a complex mathematical tool used as the ERCOT market’s scarcity pricing mechanism. For it to be improved, it must first be understood. This work explains why the curve does not produce a loss of load probability equal to 1.0 when reserve level equals zero or the administratively imposed zero at the minimum contingency level (MCL or X).