Naslov
On zonal pricing for congestion management

Autori
Jokić, Andrej ; Bosch, P.P.J. van den ; Virag, Ana ; Hermans, R.M.

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the 9th International Conference on the European Energy Market (EEM12) / - , 2012

Skup
International Conference on the European Energy Market 2012

Mjesto i datum
Firenca, Italija, 2012

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
congestion management; zonal prices; optimization

Sažetak
This paper is concerned with zonal pricing as an approach to congestion management. The main contributions of the paper are summarized as follows. Algebraic characterization of optimal zonal prices is presented, where physical tie-line limits are explicitly accounted for without introducing conservatism. In a case of affine bids, it is shown that the optimal zonal price in a zone can be represented as appropriately defined weighted average of auxiliary nodal prices in that zone. The weights used for averaging are directly derived from the bids made to the market. A novel numerical algorithm for computing optimal zonal prices is presented. The advantageous feature of the algorithm is that it can be implemented in a distributed fashion. An example is presented to illustrate and support the theoretical contributions of the paper.

Izvorni jezik
Engleski

Znanstvena područja
Temeljne tehničke znanosti

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