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Nodal, zonal, or uniform electricity pricing: how to deal with network congestion

Nodal, zonal, or uniform electricity pricing: how to deal with network congestion Abstract In this paper, the main contributions to congestion management and electricity pricing, i.e., nodal, zonal, and uniform electricity pricing, are surveyed. The key electricity market concepts are structured and a formal model framework is proposed for electricity transportation, production, and consumption in the context of limited transmission networks and competitive, welfare maximizing electricity markets. In addition, the main results of existing short-run and long-run congestion management studies are explicitly summarized. In particular, the important interconnection between short-run network management approaches and optimal long-run investments in both generation facilities and network lines are highlighted. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png "Frontiers in Energy" Springer Journals

Nodal, zonal, or uniform electricity pricing: how to deal with network congestion

"Frontiers in Energy" , Volume 11 (2): 23 – Jun 1, 2017

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Publisher
Springer Journals
Copyright
2017 Higher Education Press and Springer-Verlag Berlin Heidelberg
ISSN
2095-1701
eISSN
2095-1698
DOI
10.1007/s11708-017-0460-z
Publisher site
See Article on Publisher Site

Abstract

Abstract In this paper, the main contributions to congestion management and electricity pricing, i.e., nodal, zonal, and uniform electricity pricing, are surveyed. The key electricity market concepts are structured and a formal model framework is proposed for electricity transportation, production, and consumption in the context of limited transmission networks and competitive, welfare maximizing electricity markets. In addition, the main results of existing short-run and long-run congestion management studies are explicitly summarized. In particular, the important interconnection between short-run network management approaches and optimal long-run investments in both generation facilities and network lines are highlighted.

Journal

"Frontiers in Energy"Springer Journals

Published: Jun 1, 2017

References