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

R.M. Hermans; P.P.J. Bosch, van den; A. Jokic; P. Giesbertz; P. Boonekamp; A. Virag

doi:10.1109/EEM.2011.5952970

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

R.M. Hermans, P.P.J. Bosch, van den, A. Jokic, P. Giesbertz, P. Boonekamp, A. Virag

Control Systems

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

5 Citations (Scopus)

171 Downloads (Pure)

Abstract

We analyze the fundamental differences between locational pricing and redispatch-based congestion management, followed by an assessment of their effects on grid operation and market efficiency. It is indicated that although optimal nodal pricing and congestion redispatch can provide equal results in terms of power injections, they are not equivalent in terms of short-run social welfare. Moreover, a modeling framework is presented to decouple and analyze the effects of transmission system operator/regulator and prosumer behavior on energy market efficiency in a transparent fashion. All results are illustrated on the basis of case studies for the IEEE 39-bus New England test network.

Original language	English
Title of host publication	8th International Conference on the European Energy Market (EEM 2011), 25-27 May 2011, Zagreb, Croatia
Place of Publication	Piscataway
Publisher	Institute of Electrical and Electronics Engineers
Pages	8-13
ISBN (Print)	978-1-61284-284-4
DOIs	https://doi.org/10.1109/EEM.2011.5952970
Publication status	Published - 2011

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Hermans, R. M., Bosch, van den, P. P. J., Jokic, A., Giesbertz, P., Boonekamp, P., & Virag, A. (2011). Congestion management in the deregulated electricity market: an assessment of locational pricing, redispatch and regulation. In 8th International Conference on the European Energy Market (EEM 2011), 25-27 May 2011, Zagreb, Croatia (pp. 8-13). Institute of Electrical and Electronics Engineers. https://doi.org/10.1109/EEM.2011.5952970

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title = "Congestion management in the deregulated electricity market: an assessment of locational pricing, redispatch and regulation",

abstract = "We analyze the fundamental differences between locational pricing and redispatch-based congestion management, followed by an assessment of their effects on grid operation and market efficiency. It is indicated that although optimal nodal pricing and congestion redispatch can provide equal results in terms of power injections, they are not equivalent in terms of short-run social welfare. Moreover, a modeling framework is presented to decouple and analyze the effects of transmission system operator/regulator and prosumer behavior on energy market efficiency in a transparent fashion. All results are illustrated on the basis of case studies for the IEEE 39-bus New England test network.",

author = "R.M. Hermans and {Bosch, van den}, P.P.J. and A. Jokic and P. Giesbertz and P. Boonekamp and A. Virag",

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doi = "10.1109/EEM.2011.5952970",

language = "English",

isbn = "978-1-61284-284-4",

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booktitle = "8th International Conference on the European Energy Market (EEM 2011), 25-27 May 2011, Zagreb, Croatia",

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Hermans, RM, Bosch, van den, PPJ, Jokic, A, Giesbertz, P, Boonekamp, P & Virag, A 2011, Congestion management in the deregulated electricity market: an assessment of locational pricing, redispatch and regulation. in 8th International Conference on the European Energy Market (EEM 2011), 25-27 May 2011, Zagreb, Croatia. Institute of Electrical and Electronics Engineers, Piscataway, pp. 8-13. https://doi.org/10.1109/EEM.2011.5952970

Congestion management in the deregulated electricity market: an assessment of locational pricing, redispatch and regulation. / Hermans, R.M.; Bosch, van den, P.P.J.; Jokic, A. et al.
8th International Conference on the European Energy Market (EEM 2011), 25-27 May 2011, Zagreb, Croatia. Piscataway: Institute of Electrical and Electronics Engineers, 2011. p. 8-13.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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AU - Bosch, van den, P.P.J.

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AU - Boonekamp, P.

AU - Virag, A.

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AB - We analyze the fundamental differences between locational pricing and redispatch-based congestion management, followed by an assessment of their effects on grid operation and market efficiency. It is indicated that although optimal nodal pricing and congestion redispatch can provide equal results in terms of power injections, they are not equivalent in terms of short-run social welfare. Moreover, a modeling framework is presented to decouple and analyze the effects of transmission system operator/regulator and prosumer behavior on energy market efficiency in a transparent fashion. All results are illustrated on the basis of case studies for the IEEE 39-bus New England test network.

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DO - 10.1109/EEM.2011.5952970

M3 - Conference contribution

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Hermans RM, Bosch, van den PPJ, Jokic A, Giesbertz P, Boonekamp P, Virag A. Congestion management in the deregulated electricity market: an assessment of locational pricing, redispatch and regulation. In 8th International Conference on the European Energy Market (EEM 2011), 25-27 May 2011, Zagreb, Croatia. Piscataway: Institute of Electrical and Electronics Engineers. 2011. p. 8-13 doi: 10.1109/EEM.2011.5952970

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

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