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

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

4 Citations (Scopus)
118 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 languageEnglish
Title of host publication8th International Conference on the European Energy Market (EEM 2011), 25-27 May 2011, Zagreb, Croatia
Place of PublicationPiscataway
PublisherInstitute of Electrical and Electronics Engineers
Pages8-13
ISBN (Print)978-1-61284-284-4
DOIs
Publication statusPublished - 2011

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