Determination of Price Zones during Transition from Uniform to Zonal Electricity Market: A Case Study for Turkey

Gokturk Poyrazoglu
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Gokturk Poyrazoglu: Electrical & Electronics Engineering, Ozyegin University, Istanbul 34794, Turkey

Energies, 2021, vol. 14, issue 4, 1-13

Abstract: In the electricity market, different pricing models can be applied to increase market competitiveness. Different electricity systems use different market structures. Uniform marginal pricing, zonal marginal pricing, and nodal marginal pricing methods are commonly used market structures. For markets wishing to move from a uniform pricing structure to a more competitive zonal pricing structure, the determination of price zones is critical for achieving a competitive market that generates accurate price signals. Three different pricing zone detection algorithms are analyzed in this paper including the k -means clustering and queen/rook spatially constraint clustering. Finally, the results of a case study for the Turkish electricity system are shared to compare each method.

Keywords: electricity market; zonal pricing; k -means clustering; spatially constrained clustering; clustering quality (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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