An operational and institutional modular analysis framework of Transmission and System Operator Why Transmission and System Operators are not ideal ones

Vincent Rious and Sophie Plumel
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Vincent Rious: SUPELEC-Campus Gif - Ecole Supérieure d'Electricité - SUPELEC (FRANCE)
Sophie Plumel: SUPELEC-Campus Gif - Ecole Supérieure d'Electricité - SUPELEC (FRANCE)

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Abstract: Transmission and System Operator (TSO) is the power flows externality market designer. And so, not only is TSO a module of power markets but its missions that are related to the management of power flows can also be studied thanks to a modular analysis. An ideal first-best TSO can then emerge as a benchmark for comparison with real TSOs. The governance structure of TSO accounts for the gap between such an ideal first-best and real TSOs. Then, although the economic theory specifies a unique arrangement to reach efficiency, the diversity of transmission governance accounts for the diversity of arrangements to manage power flows. Moreover the comparison between an ideal first-best TSO and two reference TSOs, PJM and NGC, with quite opposite features accounts for heterogeneous results among TSOs.

Keywords: TSO; institutional complementarity; modular analysis; congestion (search for similar items in EconPapers)
Date: 2006-05-24
Note: View the original document on HAL open archive server: https://centralesupelec.hal.science/hal-00228320
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Citations: View citations in EconPapers (2)

Published in 3rd International Conference "The European Electricity Market Challenge of the Unification" EEM-06, May 2006, Varsovie, Poland. pp.441-449

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