The linking of different jurisdictions or markets via electrical interconnection is a long established means of offering enhanced security of supply to the wider electrical system. In recent years, new incentives around exploiting market price differentials and facilitating the growth of...

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...