Five Indicators for Assessing Bidding Area Configurations in Zonally-Priced Power Markets
2015 (English)In: 2015 IEEE POWER & ENERGY SOCIETY GENERAL MEETING, IEEE , 2015Conference paper (Refereed)Text
The boost in intermittent renewable generation increases the constraints on the transmission lines, including the interconnections between neighboring countries. This rises the concerns on the security of supply in the power systems. In addition it damages the efficiency of the electricity market. The modification of the bidding area configuration is often considered as a solution to manage this problematic situation. This paper presents five indicators to evaluate the impact of different bidding zone configurations in a zonally-priced electricity market. A mixed complementarity problem is formulated to model zonal pricing. The Nordic 32-bus example system is modified and studied as a case study in order to explain the application of the presented indicators better. The intermittent nature of the wind power are captured by scenarios of wind power availability. Numerical results shows the efficiency of the indicators to study the impacts of different bidding zone configurations.
Place, publisher, year, edition, pages
IEEE , 2015.
, IEEE Power and Energy Society General Meeting PESGM, ISSN 1944-9925
IdentifiersURN: urn:nbn:se:kth:diva-184585DOI: 10.1109/PESGM.2015.7286517ISI: 000371397503203ScopusID: 2-s2.0-84956852136ISBN: 978-1-4673-8040-9OAI: oai:DiVA.org:kth-184585DiVA: diva2:916659
General Meeting of the IEEE-Power-and-Energy-Society, JUL 26-30, 2015, Denver, CO
QC 201604042016-04-042016-04-012016-04-04Bibliographically approved