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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.

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: 06 Feb 2019 14:01
URI: https://strathprints.strath.ac.uk/id/eprint/60835
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