The Role of the Independent Transmission Company in Standardized Wholesale Electricity Markets |
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| Affiliation: | 1. Key Laboratory of Atmospheric Composition and Optical Radiation, Anhui Institute of Optics and Fine Mechanics, Chinese Academy of Sciences, Hefei 230031230031, China;2. School of sciences, Zhejiang Agriculture and Forestry University, Lin''an 311300, China;1. CCSE, Japan Atomic Energy Agency, 178-4-4, Wakashiba, Kashiwa, Chiba 277-0871, Japan;2. Department of Theoretical and Computational Molecular Science, Institute for Molecular Science, Myodaiji, Okazaki, Aichi 444-8585, Japan;1. Photonics Research Center, University of Malaya, 50603 Kuala Lumpur, Malaysia;2. Department of Electrical Engineering UTMspace, Universiti Teknologi Malaysia, 54100 Kuala Lumpur, Malaysia |
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| Abstract: | ITCs could perform all the functions of an ITP provided an effective performance-based rate, such as a price cap, is in place to provide incentives that ensure the ITC does not unfairly discriminate against other transmission owners, generation, or demand management. |
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