Solution section
Roadmap & Implementation
Institutions, infrastructure, transition requirements and practical implementation.
Roadmap & Implementation
A PJM-style architecture requires:
- detailed transmission-network models;
- high-quality telemetry;
- security-constrained optimisation;
- nodal settlement;
- participant bidding infrastructure;
- congestion hedging;
- market monitoring;
- capacity and ancillary arrangements.
For Great Britain, implementation would be a major market redesign involving settlement, contracts, hedging, dispatch and institutional transition.