Congestion management in the deregulated electricity market: An assessment of locational pricing, redispatch and regulation

Hermans, R.M. and Bosch, P.P.J. van den and Jokić, Andrej and Giesbertz, P. and Boonekamp, P. and Virag, A. (2011) Congestion management in the deregulated electricity market: An assessment of locational pricing, redispatch and regulation. = Congestion management in the deregulated electricity market: An assessment of locational pricing, redispatch and regulation. In: International Conference on the European Energy Market 2011, 25-27.05.2011., Zagreb, Hrvatska.

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Official URL: https://doi.org/10.1109/EEM.2011.5952970

Abstract

We analyze the fundamental differences between locational pricing and redispatch-based congestion management, followed by an assessment of their effects on grid operation and market efficiency. It is indicated that although optimal nodal pricing and congestion redispatch can provide equal results in terms of power injections, they are not equivalent in terms of short-run social welfare. Moreover, a modeling framework is presented to decouple and analyze the effects of transmission system operator/regulator and prosumer behavior on energy market efficiency in a transparent fashion. All results are illustrated on the basis of case studies for the IEEE 39-bus New England test network.

Item Type: Conference or Workshop Item (Lecture)
Keywords (Croatian): congestion management; power systems; locational pricing; redispatch
Subjects: TECHNICAL SCIENCE > Electrical Engineering
TECHNICAL SCIENCE > Basic technical sciences
Divisions: 900 Department of Robotics and Production System Automation > 910 Chair of Engineering Automation
Indexed in Web of Science: No
Indexed in Current Contents: No
Date Deposited: 21 Apr 2017 12:32
Last Modified: 19 Nov 2018 15:11
URI: http://repozitorij.fsb.hr/id/eprint/7708

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