Analysis of the effect of voltage level requirements on an electricity market equilibrium model

Delgadillo, A.; Reneses, Javier

doi:10.1016/j.ijepes.2015.02.034

Cited by 3 publications

(1 citation statement)

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“…We propose to model this market mechanism through a 3-stage model: Cos through the conjecture price-response parameters [39], considered to be exogenously obtained in the problem. This formulation is similar to that proposed in [36].…”

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confidence: 72%

Risk assessment of power transmission network failures in a uniform pricing electricity market environment

Abdin¹,

Li²,

Zio³

2017

Energy

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This paper proposes a novel risk assessment method for power network failures considering a uniform-pricing market environment, different from previous risk assessment studies, which mainly emphasize technical consequences of the failures. In this type of market, dispatch infeasibilities caused by line failures are solved using a counter-trading mechanism where costs arise as a result of correcting the power dispatch. The risk index proposed takes into account these correction costs as well as the cost of the energy not served due to the failure, while considering an oligopolistic behavior of the generation companies. A 3-stage model is proposed to simulate the bidding behavior in the market, under different line failures scenarios. The risk index proposed and the method for its calculation are applied on an adapted IEEE 6-bus

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confidence: 72%