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A framework for the simultaneous clearing of multiple markets within a common transmission system

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3 Author(s)
Marinakis, A. ; Dept. of Electr. Eng. & Comput. Sci., Univ. of Liege, Liege, Belgium ; Rosehart, W.D. ; Van Cutsem, T.

The possibility for market participants to place their bids in all the markets of an interconnection irrespective of where they are physically connected is investigated in this paper. A mechanism is proposed for managing the resulting congestion. It consists in iteratively sharing the transmission line capacities between the different market operators based each time on their present schedules. The algorithm is applied on a small test system. The results are assessed in terms of their property of being Nash equilibria and of their distance of the set of Pareto optimal operating points.

Published in:

PowerTech, 2009 IEEE Bucharest

Date of Conference:

June 28 2009-July 2 2009