Congestion management in electricity networks: Nodal, zonal and discriminatory pricingReport as inadecuate


Congestion management in electricity networks: Nodal, zonal and discriminatory pricing


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Publication Date: 2012-04-25

Series: CWPE;1219

Publisher: Faculty of Economics

Type: Working Paper

Metadata: Show full item record

Citation: Holmberg, P., & Lazarczyk, E. (2012). Congestion management in electricity networks: Nodal, zonal and discriminatory pricing. https://doi.org/10.17863/CAM.1047

Abstract: Wholesale electricity markets use different market designs to handle congestion in the transmission network. We compare nodal, zonal and discriminatory pricing in general networks with transmission constraints and loop flows. We conclude that in large games with many producers who are allowed to participate in the real-time market the three market designs result in the same efficient dispatch. However, zonal pricing with counter-trading results in additional payments to producers in exportconstrained nodes. 

discriminatory pricing 

Keywords: Congestion management, wholesale electricity market, transmission network, nodal pricing, zonal pricing with countertrading, large game

Identifiers:

This record's DOI: https://doi.org/10.17863/CAM.1047

This record's URL: https://www.repository.cam.ac.uk/handle/1810/257119







Author: Holmberg, P.Lazarczyk, E.

Source: https://www.repository.cam.ac.uk/handle/1810/257119



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