Congestion management in the deregulated electricity market: An assessment of locational pricing, redispatch and regulation

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractCongestion management schemes have taken a prominent place in current electricity market design discussions. In this paper, the implications of establishing zonal pricing in Europe are analyzed with regard to potential zonal delimitations and associated effects on total system costs. Thereby, a nodal model sets the benchmark for efficiency and provides high-resolution input data for a cluster analysis based on Ward's minimum variance method.The proposed zonal configurations are tested for sensitivity to the number of zones and structural changes in the electricity market. Furthermore, dispatch and redispatch costs are computed to assess the costs of electricity generation and transmission. The results highlight that suitable bidding zones are not bound to national borders and that losses in static efficiency resulting from the aggregation of nodes into zones are relatively small. JEL classification: C38, C63, L51, Q41

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Determination of Locational Marginal Redispatch Prices of a Mixed-Integer Congestion Management Problem

Blank,

Einsiedler,

Moser

2024

2024 20th International Conference on the European Energy Market (EEM)

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Congestion management in the deregulated electricity market: An assessment of locational pricing, redispatch and regulation

Cited by 6 publications

References 6 publications

Control techniques and the modeling of electrical power flow across transmission networks

Control techniques and the modeling of electrical power flow across transmission networks

From nodal to zonal pricing: A bottom-up approach to the second-best

Determination of Locational Marginal Redispatch Prices of a Mixed-Integer Congestion Management Problem

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