AVAILABLE TRANSMISSION CAPACITY (ATC) AND ITS VALUE UNDER OPEN ACCESS

Strictly engineering aspects of Available Transmission Capacity (ATC) are analyzed first. Non-linear network theory is used to provide sever al key conditions under which one could define a notion of Available T ransmission Capacity (ATC) and specific novel algorithms for its evalu ation. Next, the fundamental problem which prevents one from developin g an economically efficient distributed transmission market based on t he Available Transmission Capacity (ATC) is identified. It is suggeste d that for an electric power network of an arbitrary topology it is no t possible to map the computed ATC onto its market value. All findings are illustrated using examples of small power systems.