of zonal pricing: zonal pricing with Available Transmission Capacity (ATC) and zonal pricing with Flow-Based Market … pricing with FBMC is employed in two stages, a day-ahead market stage and a re-dispatch stage. We show that the optimality … conditions and market clearing conditions can be reformulated as a mixed integer linear program (MILP), which is straightforward …

This paper addresses the issue of investment in electricity generation in the context of a liberalised market. We use …

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 … characterize the equilibrium in a zonal pricing electricity market when the competition is imperfect by using four different …

Zonal pricing with countertrading (a market-based redispatch) gives arbitrage opportunities to the power producers … located in the export-constrained nodes. They can increase their profit by increasing the output in the dayahead market and … decrease it in the real-time market (the inc-dec game). We show that this leads to large inefficiencies in a standard zonal …

production capacity. In a zonal pricing electricity market, the one proposed by the European Commission to integrate the European …

zonal power markets with a day-ahead and a real-time market. We consider strategic producers in both markets. They need to … take both markets into account when deciding what to bid in each market. The demand shocks between these markets are …

function equilibrium (SFE) model of an electricity market with a single lossless, but constrained, transmission line. The … market admits equilibria in which generator withhold energy in order to induce congestion, which further increases their … local market power. Under appropriate assumptions on cost and demand functions, I obtain a planar autonomous system of …

Market power in electricity wholesale markets arises when generators have incentives to mark up their offers above the …