Title :
Simulation of congestion management and security constraints in the Nordic electricity market
Author :
Bjørndal, Endre ; Bjørndal, Mette ; Gribkovskaia, Victoria
Author_Institution :
Dept. of Finance & Manage. Sci., Norwegian Sch. of Econ. & Bus. Adm., Bergen, Norway
Abstract :
Presently in the Nordic day-ahead market, zonal pricing or market splitting is used for relieving congestion between a predetermined set of price areas. Constraints internal to the price areas are resolved by counter trading or redispatching in the regulation market. In a model of the Nordic electricity market we consider an hourly case from winter 2010 and present analyses of the effects of different congestion management methods on prices, quantities, surpluses and network utilization. We also study the effects of two different ways of taking into account security constraints.
Keywords :
power markets; power system security; pricing; Nordic day-ahead market; Nordic electricity market; congestion management methods; counter trading; market splitting; network utilization; price areas; redispatching; regulation market; security constraints; surpluses; zonal pricing; Economics; Electricity supply industry; Load flow; Load modeling; Pricing; Production; Security; Congestion management; Day-ahead market simulation; Zonal pricing;
Conference_Titel :
European Energy Market (EEM), 2012 9th International Conference on the
Conference_Location :
Florence
Print_ISBN :
978-1-4673-0834-2
Electronic_ISBN :
978-1-4673-0832-8
DOI :
10.1109/EEM.2012.6254712
