Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81489
Authors: 
Holmberg, Pär
Lazarczyk, Ewa
Year of Publication: 
2012
Series/Report no.: 
IFN Working Paper 915
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 export-constrained nodes.
Subjects: 
Congestion management
Wholesale electricity market
Transmission network
Nodal pricing
Zonal pricing with countertrading
Discriminatory pricing
Large game
JEL: 
C72
D44
D61
L13
L94
Document Type: 
Working Paper

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