Analyzing the current U.S. electricity transmission system and its main caveats to incentivize long-term investments
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Date
2009
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Publisher
IEEE
Abstract
This paper explains the way in which the current U.S. electric system contains insufficient incentives for long-term investments in transmission. Moreover, it highlights some key issues that should be considered to improve these investment incentives. The paper shows that, under the current U.S. transmission system, independent merchant investors, transmission rights' holders, and generation firms may have disincentives for making socially beneficial transmission investments.
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Keywords
Investments, Power system reliability, Power system interconnection, Control systems, Power generation, ISO, Costs, Power system economics, Power generation economics, Economic indicators