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

[img]
Preview
 Text (Zhao-etal-EPE-2017-Transmission-congestion-cost-allocation-method-in-bilateral-trading-electricity-market)
Zhao_etal_EPE_2017_Transmission_congestion_cost_allocation_method_in_bilateral_trading_electricity_market.pdf
Final Published Version
License: Creative Commons Attribution 4.0 logo
Download (762kB)| Preview

    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.

    Creators(s): Zhao, Jiawei ORCID logoORCID: https://orcid.org/0000-0001-5960-9847, Lu, Jianfeng ORCID logoORCID: https://orcid.org/0000-0002-7855-1668 and Lo, Kwok Lun;
    Item type:Article
    ID code:60835
    Keywords: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 Engineering
    Depositing user: Pure Administrator
    Date deposited:06 Jun 2017 00:55
    Last modified:03 Dec 2020 02:42
    URI:https://strathprints.strath.ac.uk/id/eprint/60835
    Export data:
    CORE (COnnecting REpositories)