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process of transmission rights is crucial. In an efficiently arbitraged uniform price auction generators will only obtain …-as-bid' auction, then these contracts can enhance market power. In the two-node network case banning generators from holding …
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Zonal pricing electricity markets operate sequentially. First, the suppliers compete in a spot market. Second, to alleviate the congestion in the transmission line, in a redispatch market, the suppliers in the importing node are called into operation to increase their production, and the...
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