Methodology of market coupling/splitting for efficient cross-border electricity trading

Andročec, Ivan; Krajcar, Slavko

doi:10.1109/eem.2012.6254650

Cited by 6 publications

(6 citation statements)

References 8 publications

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“…In some cases, explicit price equality constraints within zones are added to the EMCP (e.g. in [Bjørndal and Jörnsten 2001;Ehrenmann and Smeers 2005;Bjørndal and Jörnsten 2007;Androcec and Krajcar 2012]). In other cases, intra-zonal LFCs are excluded from the EMCP (e.g.…”

Section: Introductionmentioning

confidence: 99%

“…For brevity, the most relevant for theoretical analyses as in sec. 2 or in[Bjørndal and Jörnsten 2001;Bjørndal et al 2003;Ehrenmann and Smeers 2005;Bjørndal and Jörnsten 2007;Androcec and Krajcar 2012;Neuhoff et al 2013;Oggioni and Smeers 2013;Grimm et al 2016; Grimm et al (2) 2016].With regard to JMM developments, the must-run constraints of CHP plants have been implemented in the course of the present work. This is said for the sake of completeness, as the constraints differ from[Meibom et al 2006], but is not in the focus of this paper.…”

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confidence: 99%

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Flow-Based Market Coupling Revised - Part I: Analyses of Small- and Large-Scale Systems

2019

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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. AbstractBy interlinking power systems, significant welfare gains can be achieved. However, different approaches for coupling electricity markets exist. A recent development in this field is the implementation of flow-based market coupling (FBMC) in Central Western Europe (CWE). Indeed, FBMC has proven to be advantageous compared to the former situation in CWE Amprion et al. 2014 and to be operationally manageable under current market conditions. However, analyses of possible future adjustments of market areas ("bidding zones") have shown problems in assessing and even understanding FBMC Entso-E 2018. Therefore, Part I of this two-part paper contributes to resolving these problems. First, it presents key issues and effects of all essential FBMC elements. This is done drawing the feasible regions of the FBMC constraints -a method that is well-known from optimization theory. However, in the way it is applied to FBMC it is novel and offers significant insights. These insights are presented on the basis of a stylized yet fully transparent and reproducible example. Thereby, we improve the understanding of benefits and shortcomings of FBMC. Second, we introduce a large-scale model framework capable of assessing FBMC as implemented in CWE. This enables us to assess real-world power systemsalso when undergoing structural changes. This lays the foundation for the case study presented in Part II.

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Section: Introductionmentioning

confidence: 99%

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confidence: 99%

Flow-Based Market Coupling Revised - Part I: Analyses of Small- and Large-Scale Systems

2019

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“…† If the branch power flow is in the same direction of the flow in the previous iteration, the extra available capacity must be allocated to MOs that were limited in the previous iteration. b is positive (negative), the mth MO imposes (29) and (30).…”

Section: Proposed Approach For Allocation Of Transmission Capacitymentioning

confidence: 99%

“…North American markets apply (a different implementation of) locational (nodal) pricing. It seems of widespread practice that locational pricing represents optimal price signals to market participants in a competitive market [30]. In the North American wholesale market, all network constraints are taken into account at the day-ahead stage by the so-called power pools.…”

Section: Reserve In Multiple Marketsmentioning

confidence: 99%

“…The calculated AC extra b is shared among the mentioned MOs (in these markets, AC ′m d = f m d b ), based on the most noticeable effect on branch b. the proposed framework in cases A to D, AC m db is computed and sent to each MO. Then, in the next iteration (from the second iteration onwards), each MO considers(29) or(30), for the overloaded branches, in addition to the clearing relationships ((1)-(7) and (10)-(12)). If AC B…”

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