Combining Energy Networks
Jan Abrell and
Networks and Spatial Economics, 2012, vol. 12, issue 3, 377-401
Electricity markets depend on upstream energy markets to supply the fuels needed for generation. Since these markets rely on networks, congestion in one can quickly produce changes in another. In this paper we develop a combined partial equilibrium market model which includes the interactions of natural gas and electricity networks. We apply the model to a stylized representation of Europe’s electricity and natural gas markets to illustrate the upstream and downstream feedback effects which are not obvious on first sight. We find that both congestion and loop-flow effects in electricity markets impact prices and quantities in markets located far from the initial cause of the market changes. Copyright Springer Science+Business Media, LLC 2012
Keywords: Electricity network; Natural gas network; Europe; MCP (search for similar items in EconPapers)
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Working Paper: Combining Energy Networks (2016)
Working Paper: Combining Energy Networks (2010)
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