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Simulations of bilateral energy markets using MATLAB

Yuen, Y. and Lo, K.L. (2003) Simulations of bilateral energy markets using MATLAB. COMPEL: The International Journal for Computation and Mathematics in Electrical and Electronic Engineering, 22 (2). pp. 424-443. ISSN 0332-1649

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Abstract

This paper presents simulation results of energy bilateral markets using MATLAB/SIMULINK. The algorithm for congestion management and transmission pricing is implemented by means of DC load flow. The simulation results show how elasticity of market participants to transmission usage charges can affect the overall network usage and its cost.