Market coupling feasibility between a power pool and a power exchange

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

doi:10.1016/j.epsr.2013.06.015

Cited by 17 publications

(13 citation statements)

References 5 publications

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“…In the Italian electricity market, Pellini (2012b) found a welfare increase with the introduction of the market coupling arrangement. Biskas et al (2013), through a Mixed-integer Linear Programming model, found better welfare gains with the implementation of a market splitting versus a market coupling arrangement. The introduction of demand side participation in the electricity markets is refered by Caramanis et al (2010) as a means to contribute to system stability, considering renewable generation intermittency.…”

Section: Portugal Spainmentioning

confidence: 99%

“…Both have a similar welfare optimisation algorithm behind. Therefore, the main difference is that the market coupling algorithm needs the additional complexity of a Market Coupler receiving information from multiple power exchanges (Biskas et al, 2013;EPEX, 2010;Nord Pool, 2015;OMIE, 2015). (Europex, 2011) and to be fully implemented by the end of 2014.…”

Section: Portugal Spainmentioning

confidence: 99%

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Evaluating the market splitting determinants: evidence from the Iberian spot electricity prices

2015

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Assess determinants on market splitting behaviour of Iberian electricity markets. Logit and non-parametric models to express market splitting probability response. Explanatory variables: wind, hydro, thermal and nuclear power; ATC and demand. Results: increase of market splitting probability with higher availability of low marginal cost electricity. Coordination policies governing both interconnections and renewables deployment. a b s t r a c tThis paper aims to assess the main determinants on the market splitting behaviour of the Iberian electricity spot markets. Iberia stands as an ideal case-study, where the high level deployment of wind power is observed, together with the implementation of the market splitting arrangement between the Portuguese and the Spanish spot electricity markets.Logit and non-parametric models are used to express the probability response for market splitting of day-ahead spot electricity prices as a function of the explanatory variables representing the main technologies in the generation mix: wind, hydro, thermal and nuclear power, together with the available transfer capacity and electricity demand. Logit models give preliminary indications about market splitting behaviour, and then, notwithstanding the demanding computational challenge, a non-parametric model is applied in order to overcome the limitations of the former models.Results show an increase of market splitting probability with higher wind power generation or, more generally, with higher availability of low marginal cost electricity such as nuclear power generation.The European interconnection capacity target of 10% of the peak demand of the smallest interconnected market might be insufficient to maintain electricity market integration. Therefore, pro-active coordination policies, governing both interconnections and renewables deployment, should be further developed.

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Section: Portugal Spainmentioning

confidence: 99%

Section: Portugal Spainmentioning

confidence: 99%

Evaluating the market splitting determinants: evidence from the Iberian spot electricity prices

2015

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“…b) Market Type: The market type describes the arrangement of trading, and it mainly affects the information available in the market. An organized market, such as a pool (with side payments) or an exchange (without them), adopts central clearing and facilitates information exchange [10], [20]. The standardized contracts also lower transaction costs, but the centralized allocation require investments in computation and communication infrastructure.…”

Section: A Market Architecture Design Variablesmentioning

confidence: 99%

Electricity Market for Direct Current Distribution Systems: Exploring the Design Space

Piao

Vries

Weerdt

et al. 2018

2018 15th International Conference on the European Energy Market (EEM)

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“…A solution to across borders power congestions at a European level can be represented by the market coupling 23,24,25 , an implicit auction mechanism that cancel the inefficiencies in power exchanges, where the transfer capacity is allocated and valued according to the level of prices determined in national auction bids.…”

Section: Trend In the Italian Macro Areasmentioning

confidence: 99%

“…The implementation of the power grid and a wider spreading of the offer, also related to renewable energy sources 26,27,28,24,29,6,15,30 , has evidenced new criticalities, so that a new reorganization, that would seriously consider such constraints, is now necessary.…”

Section: Trend In the Italian Macro Areasmentioning

confidence: 99%

Insights into Congestion Costs and Financial Risk Management: The Electricity Market

Mosconi

Poponi

Silvestri

2015

Procedia Computer Science

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Congestion costs" occur in the electricity market when the power flows, equivalent to a projection mapping of energy injection and withdrawal, established by the "electricity stock exchange" and by "bi-lateral contracts", are incompatible with the transfer capacity guaranteed by the power grid, in required security conditions. Transfer restrictions in the national and transboundary transmission grid can potentially determine the market segmentation in different geographical areas, preventing the producers to compete freely to satisfy the overall demand in those areas. As a result of power congestions, those producers that have reduced limitations in the power transfer are obviously favored, also if in the presence of high marginal production costs and prices, leading to the constitution of pools of producers that de facto control the local market. In particular this paper aims at describing and discussing the problem of power congestions, electricity price formation and congestion risk management.

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Market coupling feasibility between a power pool and a power exchange

Cited by 17 publications

References 5 publications

Evaluating the market splitting determinants: evidence from the Iberian spot electricity prices

Evaluating the market splitting determinants: evidence from the Iberian spot electricity prices

Electricity Market for Direct Current Distribution Systems: Exploring the Design Space

Insights into Congestion Costs and Financial Risk Management: The Electricity Market

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