[en] The possibility for market participants to simultaneously place their bids in different markets across an interconnection is investigated in this paper. Transaction schedulers settle multilateral transactions among participants, while a central entity coordinates the overall operation through interactions with the transaction schedulers. Two issues are dealt with in this context. First, the market participants are allowed to place their bids simultaneously in more than one transactions scheduler’s market, and, second, the available transmission capacity is fairly shared among the transaction schedulers. Economically interesting transactions are favored, while confidentiality of market data and independence of transaction schedulers’ clearing mechanisms are preserved. The corresponding iterative algorithm is illustrated in detail on a 15-bus as well as the IEEE-RTS system.
Disciplines :
Electrical & electronics engineering
Author, co-author :
Marinakis, Adamantios ; Université de Liège - ULiège > Dép. d'électric., électron. et informat. (Inst.Montefiore) > Systèmes et modélisation
Bakirtzis, Anastasios
Van Cutsem, Thierry ; Université de Liège - ULiège > Dép. d'électric., électron. et informat. (Inst.Montefiore) > Systèmes et modélisation
Language :
English
Title :
Energy and Transmission Allocation in the presence of Overlapping Electricity Markets
scite shows how a scientific paper has been cited by providing the context of the citation, a classification describing whether it supports, mentions, or contrasts the cited claim, and a label indicating in which section the citation was made.
Bibliography
D. Kirchen and G. Strbac, Fundamentals of Power System Economics. New York: Wiley, 2004.
Development and Implementation of a Coordinated Model for Regional and Inter-Regional Congestion Management, Jan. 2009, ETSOEuroPex Final Rep. [Online]. Available: http://www.entsoe.eu/resources/publications/etso/ congestionmanagement/.
F. C. Schweppe, M. C. Caramanis, R. D. Tabors, and R. E. Bohn, Spot Pricing of Electricity. Norwell, MA: Kluwer, 1988.
R. D. Christie, B. F. Wollenberg, and I. Wangensteen, "Transmission management in the deregulated environment," Proc. IEEE, vol.88, no.2, pp. 170-195, Feb. 2000.
O. Gjerde, J. Bogas, A. DiCaprio, O. B. Fosso, S. Cisneiros, and M. Uusitalo, "Congestion management: The system operators challenge to balance transmission transfer capacity with an acceptable security level," in Proc. CIGRE/IEEE PES Int. Symp., 2005, pp. 120-127.
Implementation Study: A Report for the MoU Signatories on the Design of the Market Coupling Solution in the Central West European (CWE) Region, by the CWE MC Project, Aug. 2008. [Online]. Available: http://www.apxgroup.com/uploads/ media/Implementation-Study-with-Logo-ta.pdf.
L. Vandezande, L. Meeus, and R. Belmans, "The next step in the Central Western European electricity market: Cross-border balancing," Bourses d'ènergie, no.1, pp. 19-24, Mar. 2008.
L. Meeus and R. Belmans, "Is the prevailing wholesale market design in Europe and North America comparable?," in Proc. IEEE Power Eng. Soc. General Meeting, Tampa, FL, Jun. 24-27, 2007.
Federal Energy Regulatory Commission (FERC). [Online]. Available: http://www.ferc.gov/market-oversight/mkt-electric/overview.asp.
Midwest ISO-PJM Interconnection Joint and Common Market. [Online]. Available: http://www.jointandcommon.com/.
[Online]. Available: http://www.coreso.eu/.
F. F. Wu and P. Varaiya, "Coordinated multilateral trades for electric power networks: Theory and implementation," Elect. Power Energy Syst., vol.21, pp. 75-102, 1999.
S. Hao, "Decentralized approach to intermarket congestion management," IEEE Trans. Power Syst., vol.20, no.2, pp. 675-683, May 2005.
K. Liu, Y. Ni, F. F. Wu, and T. S. Bi, "Decentralized congestion management for multilateral transactions based on optimal resource allocation," IEEE Trans. Power Syst., vol.22, no.4, pp. 1835-1842, Nov. 2007.
A. J. Wood and B. F. Wollenberg, Power Generation Operation and Control, 2nd ed. New York: Wiley, 1996.
R. Baldick, "Variation of distribution factors with loading," IEEE Trans. Power Syst., vol.18, no.4, pp. 1316-1323, Nov. 2007.
R. Baldick, K. Dixit, and T. J. Overbye, "Empirical analysis of the variation of distribution factors with loading," in Proc. IEEE Power Eng. Soc. General Meeting, Jun. 2005, vol.1, pp. 221-229.
M. Liu and G. Gross, "Role of distribution factors in congestion revenue rights applications," IEEE Trans. Power Syst., vol.19, no.2, pp. 802-810, May 2004.
A. Marinakis, M. Glavic, and T.Van Cutsem, "Control of phase shifting transformers by multiple transmission system operators," in Proc. IEEE PowerTech Conf., Lausanne, Switzerland, Jul. 2007, paper No. 101.
P. R. Gribik, G. A. Angelidis, and R. R. Kovacs, "Transmission access and pricing with multiple separate energy forward markets," IEEE Trans. Power Syst., vol.14, no.3, pp. 865-876, Aug. 1999.
J. A. Aguado and V. H. Quintana, "Inter-utilities power-exchange coordination: A market-oriented approach," IEEE Trans. Power Syst., vol.16, no.3, pp. 513-519, Aug. 2001.
A. G. Bakirtzis and P. N. Biskas, "A decentralized solution to the DC-OPF of interconnected power systems," IEEE Trans. Power Syst., vol.18, no.3, pp. 1007-1013, Aug. 2003.
Report prepared by the Reliability Test System Task Force of the Application of Probability Methods Subcommittee, "The IEEE reliability test system-1996," IEEE Trans. Power Syst., vol.14, no.3, pp. 1010-1020, Aug. 1999.
W. K. Viscusi, J. E. Harrington, and J. M. Vernon, Economics of Regulation and Antitrust, 4th ed. Cambridge, MA: The MIT Press, 2005.
P. Vytelingum, D. Cliff, and N. R. Jennings, "Strategic bidding in continuous double auctions," Artif. Intell., vol.172, no.14, pp. 1700-1729, Sept. 2008.
J. Nicolaisen, V. Petrov, and L. Tesfatsion, "Market power and efficiency in a computational electricity market with discriminatory double-auction pricing," IEEE Trans. Evol. Comput., vol.5, no.5, pp. 504-523, Oct. 2001.
Similar publications
Sorry the service is unavailable at the moment. Please try again later.
This website uses cookies to improve user experience. Read more
Save & Close
Accept all
Decline all
Show detailsHide details
Cookie declaration
About cookies
Strictly necessary
Performance
Strictly necessary cookies allow core website functionality such as user login and account management. The website cannot be used properly without strictly necessary cookies.
This cookie is used by Cookie-Script.com service to remember visitor cookie consent preferences. It is necessary for Cookie-Script.com cookie banner to work properly.
Performance cookies are used to see how visitors use the website, eg. analytics cookies. Those cookies cannot be used to directly identify a certain visitor.
Used to store the attribution information, the referrer initially used to visit the website
Cookies are small text files that are placed on your computer by websites that you visit. Websites use cookies to help users navigate efficiently and perform certain functions. Cookies that are required for the website to operate properly are allowed to be set without your permission. All other cookies need to be approved before they can be set in the browser.
You can change your consent to cookie usage at any time on our Privacy Policy page.