A transmission congestion cost allocation method in bilateral trading electricity market

Jiawei Zhao, Jianfeng Lu, Kwok Lun Lo

Research output: Contribution to journalArticle

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.
LanguageEnglish
Pages240-249
Number of pages10
JournalEnergy and Power Engineering
Volume9
Issue number4B
DOIs
Publication statusPublished - 6 Apr 2017
Event9th Asia-Pacific Power and Energy Engineering Conference - Chengdu, China
Duration: 15 Apr 201717 Apr 2017

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Costs
Electricity
Power markets

Keywords

  • bilateral electricity market
  • congestion management
  • congestion cost allocation
  • imbalance settlement

Cite this

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title = "A transmission congestion cost allocation method in bilateral trading electricity market",
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A transmission congestion cost allocation method in bilateral trading electricity market. / Zhao, Jiawei; Lu, Jianfeng; Lo, Kwok Lun.

In: Energy and Power Engineering, Vol. 9, No. 4B, 06.04.2017, p. 240-249.

Research output: Contribution to journalArticle

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AU - Lo, Kwok Lun

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AB - 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.

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