Poolco
Poolco : Poolco refers to a specialized, centrally dispatched spot market power pool that functions as a shortterm market. It establishes the shortterm market clearing price and provides a system of longterm 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
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