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Conjectural-variation-based equilibrium model of a single-price electricity market with a counter-trading mechanism

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IIT-13-031A.pdf (1.520Mb)
Fecha
2013-11-01
Autor
Delgadillo Vega, Andrés Ramiro
Reneses Guillén, Javier
Estado
info:eu-repo/semantics/publishedVersion
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Resumen
 
 
This paper presents a new conjectural-variation- based equilibrium model of a single-price electricity market. In the electricitymarket, firstly, themarket clearing process is performed in the day-ahead market and after that, a counter-trading mechanism is used to clear the network congestion. The system may have any configuration, either radial or meshed, and there is not restriction on the size of the system. The main contribution of the model is that the market equilibrium equations incorporates the effect of congestion between multiple areas in the agents’ strategic behavior. Furthermore, the market equilibrium equations are solved using an equivalent optimization problem. The optimization problem has two levels. The first level corresponds to the day-ahead market and the second level is a DC optimal power flow that solves the network congestion. Numerical results are provided to illustrate the performance of the proposed approach.
 
URI
https:doi.org10.1109TPWRS.2013.2259851
Conjectural-variation-based equilibrium model of a single-price electricity market with a counter-trading mechanism
Tipo de Actividad
Artículos en revistas
ISSN
0885-8950
Materias/ categorías / ODS
Instituto de Investigación Tecnológica (IIT)
Palabras Clave

Conjectured-price response, counter-trading, electricity market, market equilibrium, network congestion.
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