Poolco

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 regulated to provide open access, comparable service and cost recovery. A poolco would make ancillary generation services, including load following, spinning reserve, backup power, and reactive power, available to all market participants on comparable terms. In addition, the Poolco provides settlement mechanisms when differences in contracted volumes exist between buyers and sellers of energy and capacity.
  California Energy Comission. Dictionary of Energy Terms

Energy terms . 2014.

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  • PoolCo —   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 …   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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