European Electricity Market Integration With Mixed Market Designs—Part II: Solution Algorithm and Case Studies

Biskas, Pandelis N.; Chatzigiannis, Dimitris I.; Bakirtzis, Anastasios G.

doi:10.1109/tpwrs.2013.2246197

Cited by 38 publications

(20 citation statements)

References 7 publications

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“…The modified portion of the susceptance matrix associated with the boundary buses, B ′ bus, Bo and the modified value of injected powers np ′ Bo are calculated according to (12) and (13), respectively, to obtain the reduced equivalent system, which is shown in Fig. 2.…”

Section: External Network Equivalent For Each Areamentioning

confidence: 99%

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Market‐based mechanism for multi‐area power exchange management in a multiple electricity market

Karimi

Seifi

Sheikh‐El‐Eslami

2015

IET Generation, Transmission & Distribution

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The cross-border trading in an interconnected multi-area power system (MAPS) has significantly increased in recent years. In this situation, the coordination of electricity markets in MAPS is very imperative. In this study, in the presence of multiple markets in an MAPS structure, it is assumed that there is a single market in each area, and the participation of external players in each market is possible. A market-based mechanism for power exchange management is designed by a proposed central coordinator entity. In this mechanism, two main roles are considered for the coordinator, namely, the determination of the external network equivalents for each area, and the management of power exchange in an iterative decision-making process to maintain system security. The designed mechanism uses the proposed power exchange management factors matrix. Then, a market process is run for the management of external player's exchanges. The numerical results for a small-scale (15-bus) test system as well as the IEEE RTS-96 system are presented to demonstrate the effectiveness of the proposed mechanism.

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Section: External Network Equivalent For Each Areamentioning

confidence: 99%

“…2, in the reduced equivalent, all the elements of the external system are eliminated from the system and equivalent branches are added between the boundary buses, as (12) implies. The external loads and generators as (13) are transferred to the boundary buses.…”

Section: External Network Equivalent For Each Areamentioning

confidence: 99%

Market‐based mechanism for multi‐area power exchange management in a multiple electricity market

Karimi

Seifi

Sheikh‐El‐Eslami

2015

IET Generation, Transmission & Distribution

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“…Constraints (12) and (13) express the net injection in a power pool and in a power exchange, respectively, where the net injection in a power pool depends not only on the cleared quantities of priced energy offers and bids, but also on the level of RES penetration. On the other hand, in a power exchange the net injection depends only on the cleared selling and purchasing orders.…”

Section: Mathematical Formulationmentioning

confidence: 99%

“…Up until recently, the issue of coupling markets with different regulatory frameworks has not been addressed in the existing literature. This issue has been thoroughly discussed in [11] and [12], where the authors proposed a market-splitting approach for the solution of the pan-European market clearing problem, without altering the basic regulatory framework of each electricity market. The same approach is followed in this paper.…”

Section: Introductionmentioning

confidence: 99%

European electricity market integration under various network representations

Chatzigiannis

Biskas

Bakirtzis

2013

2013 IREP Symposium Bulk Power System Dynamics and Control - IX Optimization, Security and Control of the Emerging Power Grid

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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 market is represented. In each iteration of the proposed algorithm, intra-zonal power flows are calculated, possible violations of internal transmission limits are identified and additional constraints are incorporated in the centralized market splitting problem, in order to avoid the overloading of internal transmission lines. The attained results are compared to those of a centralized market-splitting problem, considering the full European network configuration. The above methods are compared in terms of (a) solution efficiency, (b) correct pricing and (c) computational efficiency.

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“…Biskas et al [6], [7] propose and test a model for unit commitment and production scheduling for a large-scale multi-zonal system, which they propose for use in a hypothetical pan-European market. The model considers the standard constraints incorporated in European power exchanges and pools.…”

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confidence: 99%

Foreword for the Special Section on Electricity Markets Operations

Hobbs

Litvinov²

2014

IEEE Trans. Power Syst.

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Eugene Litvinov (F'13) received the B.S., M.S., and Ph.D. degrees in electrical engineering.He is a chief technologist at the ISO New England, Holyoke, MA, USA. He is responsible for advanced system and markets solutions, smart grid and technology strategy and is a lead of the Research and Development activities in the organization. He has more than 35 years of professional experience in the area of power system modeling, analysis and operation; electricity markets design, implementation and operation; and information technology.Dr. Litvinov is an editor of the IEEE TRANSACTIONS ON POWER SYSTEMS.

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European Electricity Market Integration With Mixed Market Designs—Part II: Solution Algorithm and Case Studies

Cited by 38 publications

References 7 publications

Market‐based mechanism for multi‐area power exchange management in a multiple electricity market

Market‐based mechanism for multi‐area power exchange management in a multiple electricity market

European electricity market integration under various network representations

Foreword for the Special Section on Electricity Markets Operations

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