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The need for system balance restoration after congestion management: an examination of Iberian congestion management markets

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IIT-24-250C.pdf (420.0Kb)
Author
Bindu, Shilpa
Chaves Ávila, José Pablo
Olmos Camacho, Luis
Gómez San Román, Tomás
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info:eu-repo/semantics/draft
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Abstract
 
 
The Iberian electricity markets use a dedicated congestion management market to address network constraint violations arising from zonal day-ahead market dispatches. This market operates in two phases: the first phase resolves local congestion through redispatch, while the second phase restores the balance between generation and demand. This study evaluates the effectiveness of this two-phase approach in the context of a rapidly evolving energy sector. We identify inefficiencies in the current two-phase DACM model and examine the performance of an alternative approach which involves addressing the imbalances after day-ahead congestion management in the balancing market. Using a nine-node system, we demonstrate that each model has its strengths and weaknesses, depending on predicted system conditions. Our findings suggest that a dynamic market model, which adapts based on real-time predictions, offers the greatest efficiency. This adaptive model effectively addresses the challenges posed by intraday trading and the availability of flexible resources, thereby enhancing overall market performance.
 
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http://hdl.handle.net/11531/96406
The need for system balance restoration after congestion management: an examination of Iberian congestion management markets
Palabras Clave

Congestion Management, Spanish Electricity Markets, Redispatch, Balancing Markets, Zonal Market Design
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