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Letters to the Editor / Corrections, Clarifications

Fortnightly Magazine - November 2004

correction issue in endnote 1 of the article. Time error would be used in WOLF to adjust the price. Negative feedback through the WOLF price would lead to the desired time error correction without NERC having to call for a specific correction. This is currently being demonstrated in India, where frequency-based pricing of unscheduled power has significantly reduced the need for time error correction in the Southern Region. And as I have pointed out in several articles, WOLF can be used to price reactive power, the bugaboo cited in many analyses of the Aug. 14, 2003, blackout.

In short, the article "Solving the Crisis in Unscheduled Power" doesn't because it can't.

 

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