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periods. This paper develops an auction mechanism and associated modelling framework to carry this out. The contributions of …
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Capacity constraints on transmissions of electricity are raising an increasing policy concern as electricity markets are integrated around the world. But our understanding of the workings of such markets is still limited. The purpose of this paper is to highlight the impact of transmission...
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auction formats on suppliers' strategies in the presence of transmission constraints and transmission costs is still very … constraints and transmission costs. When the transmission capacity is binding, the discriminatory price auction could outperform … the uniform price auction, minimizing the equilibrium price and the transmission costs. Moreover, when the transmission …
Persistent link: https://www.econbiz.de/10011404744
auction formats on suppliers' strategies in the presence of transmission constraints and transmission costs is still very … constraints and transmission costs. When the transmission capacity is binding, the discriminatory price auction could outperform … the uniform price auction, minimizing the equilibrium price and the transmission costs. Moreover, when the transmission …
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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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