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A Framework for the Simultaneous Clearing of Multiple Markets within a Common Transmission System
Marinakis, Adamantios; Rosehart, William; Van Cutsem, Thierry
2009In Proceedings of the 2009 IEEE PES Power Tech conference
Peer reviewed
 

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Keywords :
overlapping markets; congestion management; decomposed optimization; pareto efficiency
Abstract :
[en] The possibility for market participants to place their bids in all the markets of an interconnection irrespective of where they are physically connected is investigated in this paper. A mechanism is proposed for managing the resulting congestion. It consists in iteratively sharing the transmission line capacities between the different market operators based each time on their present schedules. The algorithm is applied on a small test system. The results are assessed in terms of their property of being Nash equilibria and of their distance of the set of Pareto optimal operating points.
Disciplines :
Electrical & electronics engineering
Author, co-author :
Marinakis, Adamantios ;  Université de Liège - ULiège > Dép. d'électric., électron. et informat. (Inst.Montefiore) > Systèmes et modélisation
Rosehart, William
Van Cutsem, Thierry  ;  Université de Liège - ULiège > Dép. d'électric., électron. et informat. (Inst.Montefiore) > Systèmes et modélisation
Language :
English
Title :
A Framework for the Simultaneous Clearing of Multiple Markets within a Common Transmission System
Publication date :
July 2009
Event name :
2009 IEEE Bucharest PowerTech Conference
Event organizer :
University Politehnica of Bucharest
Event place :
Bucarest, Romania
Event date :
du 28 juin 2009 au 2 juillet 2009
Audience :
International
Main work title :
Proceedings of the 2009 IEEE PES Power Tech conference
Peer reviewed :
Peer reviewed
Funders :
F.R.S.-FNRS - Fonds de la Recherche Scientifique [BE]
Available on ORBi :
since 28 April 2009

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