A transmission congestion cost allocation method in bilateral trading electricity market
Zhao, Jiawei and Lu, Jianfeng and Lo, Kwok Lun (2017) A transmission congestion cost allocation method in bilateral trading electricity market. Energy and Power Engineering, 9 (4B). pp. 240-249. ISSN 1949-243X
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Abstract
Bilateral trading in electricity is one of the typical deregulated power market trading methods and it has its own way to calculate and allocate congestion cost. In this paper, using as a practical bilateral structure example, the British electricity market is stated in details especially the operation mechanism and the methodology of imbalance settlement. A corresponding congestion cost allocation method for bilateral market is introduced briefly by equations and is simulated in a modified IEEE-14 bus model to investigate its pros and cons.
ORCID iDs
Zhao, Jiawei
ORCID: https://orcid.org/0000-0001-5960-9847, Lu, Jianfeng ORCID: https://orcid.org/0000-0002-7855-1668 and Lo, Kwok Lun;
Item type: Article ID code: 60835 Dates: DateEvent6 April 2017Published30 March 2017AcceptedKeywords: bilateral electricity market, congestion management, congestion cost allocation, imbalance settlement, Electrical engineering. Electronics Nuclear engineering, Electrical and Electronic Engineering Subjects: Technology > Electrical engineering. Electronics Nuclear engineering Department: Faculty of Engineering > Electronic and Electrical Engineering
Faculty of EngineeringDepositing user: Pure Administrator Date deposited: 06 Jun 2017 00:55 Last modified: 26 Apr 2021 00:48 URI: https://strathprints.strath.ac.uk/id/eprint/60835
CORE (COnnecting REpositories)
CORE (COnnecting REpositories)