Title :
Electricity market equilibrium model with voltage constraints
Author :
Delgadillo, Andres ; Reneses, Javier
Author_Institution :
ICAI Sch. of Eng., Comillas Pontifical Univ., Madrid, Spain
Abstract :
A conjectural-variation-based equilibrium model of a single-price electricity market is used to analyze the effect of voltage constraints on the generators´ strategic behavior. The solution of the model is computed by means of a two-stage optimization procedure. In the first stage, the day-ahead market clearing process is modeled. In the second stage, an AC optimal power flow determines the active and reactive production changes of the generation units in order to meet the technical network constraints.
Keywords :
electric generators; load flow; optimisation; power markets; AC optimal power flow; conjectural-variation-based equilibrium model; day-ahead market clearing process; electricity market equilibrium model; generator strategic behavior; single-price electricity market; two-stage optimization procedure; voltage constraints; Companies; Computational modeling; Electricity supply industry; Mathematical model; Production; Reactive power; Voltage constraints; electricity market; equilibrium model;
Conference_Titel :
European Energy Market (EEM), 2014 11th International Conference on the
Conference_Location :
Krakow
DOI :
10.1109/EEM.2014.6861208
