Foreword for the Special Section on Electricity Markets Operations

Hobbs, Benjamin F.; Litvinov, Eugene

doi:10.1109/tpwrs.2013.2290816

IEEE Trans. Power Syst.

2014

DOI: 10.1109/tpwrs.2013.2290816

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Foreword for the Special Section on Electricity Markets Operations

Benjamin F. Hobbs

Eugene Litvinov²

Abstract: 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 inf… Show more

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National-strategic investment in European power transmission capacity

Huppmann

Egerer

2015

European Journal of Operational Research

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in May 7, 2014Abstract The transformation of the European energy system requires substantial investment in transmission capacity to facilitate cross-border trade and to efficiently integrate renewable energy sources. However, network planning in the EU is still mainly a national prerogative. In contrast to other studies aiming to identify the pan-European (continental) welfare-optimal transmission expansion, we investigate the impact of zonal planners deciding on network investment strategically, with the aim of maximizing the sum of consumer surplus, generator profits and congestion rents in their jurisdiction. This reflects the inadequacy of current mechanisms to compensate for welfare re-allocations across national boundaries arising from network upgrades.We propose a three-stage equilibrium model to describe the Nash game between zonal planners (i.e., national governments, regulators, or system operators), each taking into account the impact of network expansion on the electricity spot market and the resulting welfare effects on the constituents within her jurisdiction. Using a four-node sample network, we identify several Nash equilibria of the game between the zonal planners, and illustrate the failure to reach the first-best welfare expansion in the absence of an effective compensation mechanism.

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National-strategic investment in European power transmission capacity

Huppmann

Egerer

2015

European Journal of Operational Research

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Foreword for the Special Section on Electricity Markets Operations

Cited by 1 publication

References 8 publications

National-strategic investment in European power transmission capacity

National-strategic investment in European power transmission capacity

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