FERC Technical Conference on Enhancing Efficiency of Real-Time & Day-Ahead Electricity Markets

more+
less-

The Federal Energy Regulatory Commission (“FERC”) will convene a Technical Conference on “Increasing Real-Time And Day-Ahead Market Efficiency Through Improved Software” on June 23-25, 2014.  In its 2009-2014 Strategic Plan, FERC set forth a strategy to “Promote operational efficiency in wholesale markets through the exploration and encouragement of the use of software and hardware that will optimize market operations,” with a goal of enhancing efficiency in electricity market operations through the use of new modeling software and the optimization of hardware by FY 2014.

The June 2014 technical conference is the latest of several conferences that FERC has held to move this initiative forward.  The conference will facilitate discussion between electric system operators, software developers and other experts regarding areas through which improvements in software can enhance market efficiency.  Specific topics of discussion will include market modeling approaches that have been identified as having “significant promise for potential efficiency improvements” in the areas of “stochastic modeling; optimal transmission switching; alternating current (AC) optimal power flow modeling; and use of active and dynamic transmission ratings.”

Additional details regarding the conference and previous conferences can be found on FERC’s Increasing Efficiency through Improved Software Initiative Website.  FERC has posted a complete agenda here.  FERC will be accepting comments after the conference until July 31, 2014.

 

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Moore & Van Allen PLLC | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×