Summary:
This paper presents a conjectural-variation-based equilibrium model of a single-price electricity market. The distinctive modeling feature introduced in this paper is the formalization of the equilibrium equations taking into account the effect of congestion between areas on generators’ behavior. The results show that, when there is a congestion between two areas, generators valued differently the production of each area, giving more importance to the importing area.
Keywords: Conjectural variation, market equilibrium, network constraints, single-price electricity markets
JCR Impact Factor and WoS quartile: 3,530 - Q1 (2013); 6,500 - Q1 (2023)
DOI reference:
https://doi.org/10.1109/TPWRS.2012.2198079
Published on paper: February 2013.
Published on-line: June 2012.
Citation:
A.R. Delgadillo, J. Reneses, J. Barquín, Effect of network congestions between areas on single-price electricity markets. IEEE Transactions on Power Systems. Vol. 28, nº. 1, pp. 93 - 101, February 2013. [Online: June 2012]
