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

fYear

2012

fDate

10-12 May 2012

Firstpage

1

Lastpage

8

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;

fLanguage

English

Publisher

ieee

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

Type

conf

DOI

10.1109/EEM.2012.6254712

Filename

6254712