Simulations of bilateral energy markets using MATLAB

Y. Yuen, K.L. Lo

Research output: Contribution to journalArticle

11 Citations (Scopus)

Abstract

This paper presents simulation results of energy bilateral markets using MATLAB/SIMULINK. The algorithm for congestion management and transmission pricing is implemented by means of DC load flow. The simulation results show how elasticity of market participants to transmission usage charges can affect the overall network usage and its cost.
LanguageEnglish
Pages424-443
Number of pages19
JournalCOMPEL: The International Journal for Computation and Mathematics in Electrical and Electronic Engineering
Volume22
Issue number2
DOIs
Publication statusPublished - 2003

Fingerprint

MATLAB
Matlab/Simulink
Energy
Congestion
Pricing
Elasticity
Costs
Loads (forces)
Simulation
Charge
Market

Keywords

  • energy industry
  • simulation
  • supply and demand

Cite this

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