This will serve as a model for the restructured electric industry that combines the functions of an ISO and a Power Exchange. In its least flexible form, a PoolCo also prohibits direct transactions between buyers and sellers (I.e. all producers selling to the Pool and all consumers buy from the Pool.)

Energy terms . 2014.

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  • Poolco —   Poolco refers to a specialized, centrally dispatched spot market power pool that functions as a short term market. It establishes the short term market clearing price and provides a system of long term transmission compensation contracts. It is …   Energy terms

  • Flexible Retail PoolCo —   This provides a model for the restructured electric industry that features an Independent System Operator (ISO) operating in parallel with a commercial Power Exchange, which allows end use customers to buy from a spot market or pool or to… …   Energy terms

  • Contracts for differences — (CFD)   A type of bilateral contract where the electric generation seller is paid a fixed amount over time which is a combination of the short term market price and an adjustment with the purchaser for the difference. For example, a generator may …   Energy terms

  • Generation dispatch and control —   Aggregating and dispatching (sending off to some location) generation from various generating facilities, providing backups and reliability services. Ancillary services include the provision of reactive power, frequency control, and load… …   Energy terms

  • Portfolio management —   The functions of resource planning and procurement under a traditional utility structure. Portfolio management can also be defined as the aggregation and management of a diverse portfolio of supply (and demand reduction) resources which will… …   Energy terms

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