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Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
IFN Working Paper No. 915
Verlag: 
Research Institute of Industrial Economics (IFN), Stockholm
Zusammenfassung: 
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.
Schlagwörter: 
Congestion management
Wholesale electricity market
Transmission network
Nodal pricing
Zonal pricing with countertrading
Discriminatory pricing
Large game
JEL: 
C72
D44
D61
L13
L94
Dokumentart: 
Working Paper

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