Transmission price simulator in a liberalized electricity market

Author

Ferreira, Judite ; Vale, Zita ; Cardoso, José ; Puga, Ricardo

Author_Institution

Polytech. Inst. of Porto, Porto

fYear

2008

fDate

28-30 May 2008

Firstpage

1

Lastpage

6

Abstract

This paper presents a software tool (SIMCMTP) that solves congestion situations and evaluates the taxes to be paid to the transmission system by market agents. SIMCMTP provides users with a set of alternative methods for cost allocation and enables the definition of specific rules, according to each market and/or situation needs. With these characteristics, SIMCMTP can be used as an operation aid for Transmission System Operator (TSO) or Independent System Operator (ISO). Due to its openness, it can also be used as a decision-making support tool for evaluating different options of market rules in competitive market environment, guarantying the economic sustainability of the transmission system.

Keywords

power engineering computing; power markets; power transmission economics; pricing; ISO; Independent System Operator; SIM-CMTP software tool; TSO; Transmission System Operator; cost allocation; decision-making support tool; electricity market; transmission price simulator; transmission system economics; Contracts; Costs; Decision making; Electricity supply industry; Energy management; Environmental economics; Finance; Flowcharts; Load flow; Software tools; Congestion management; Distribution factors; Electricity market; Transmission price; Transmission use;

fLanguage

English

Publisher

ieee

Conference_Titel

Electricity Market, 2008. EEM 2008. 5th International Conference on European

Conference_Location

Lisboa

Print_ISBN

978-1-4244-1743-8

Electronic_ISBN

978-1-4244-1744-5

Type

conf

DOI

10.1109/EEM.2008.4579043

Filename

4579043