Abstract:The integration of the European electricity market constitutes a critical and contemporary issue, expected to take place within year 2015. In view of the forthcoming RES penetration, physical markets with unit-based offers -either power pools or Power Exchanges (PXs)-check the feasibility of the electricity market solution against their intra-zonal transmission capacity constraints. An iterative process is examined, with two variations, differentiating only in the way that the internal network of each physical… Show more
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