Title :
Pricing daily electricity transfer capacities in the Spain — France interconnection
Author :
Covas, Ricardo ; Pascual, Lorenzo
Author_Institution :
EDP - Energias de Portugal, Lisbon
Abstract :
Nowadays, it is possible to sell energy across countries using the existing interconnections. In Europe, one example is the interconnection between France and Spain. These interconnections have limited capacity. Therefore, the right to use the interconnections becomes a valuable position for the different companies and players, due to the spread of electricity prices between countries. The transfer capacities are obtained in annual, monthly, daily and intra-day transfer auctions.
Keywords :
matrix algebra; power markets; power system economics; power system interconnection; Black-Scholes formulas; Europe; Spain-France interconnection; electricity market; electricity transfer capacity pricing; Capacity planning; Economic forecasting; Electricity supply industry; Europe; Gaussian distribution; Load forecasting; Power grids; Pricing; Production; Proposals; Conditional Expectation; Day and Intra-day Electricity Market; Multivariate Normal Distribution; Spread Option; Transfer Capacities Auction;
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
DOI :
10.1109/EEM.2008.4579121
