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Simulation of Congestion Management and Security Constraints in the Nordic Electricity Market

Endre Bjørndal (), Mette Bjørndal () and Victoria Gribkovskaia ()
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Endre Bjørndal: Dept. of Business and Management Science, Norwegian School of Economics, Postal: NHH , Department of Business and Management Science, Helleveien 30, N-5045 Bergen, Norway
Mette Bjørndal: Dept. of Business and Management Science, Norwegian School of Economics, Postal: NHH , Department of Business and Management Science, Helleveien 30, N-5045 Bergen, Norway
Victoria Gribkovskaia: Dept. of Business and Management Science, Norwegian School of Economics, Postal: NHH , Department of Business and Management Science, Helleveien 30, N-5045 Bergen, Norway

Authors registered in the RePEc Author Service: Mette Helene Bjørndal and Endre Jostein Bjørndal ()

No 2014/30, Discussion Papers from Norwegian School of Economics, Department of Business and Management Science

Abstract: Presently in the Nordic day-ahead market, zonal pricing or market splitting is used for relieving congestion between a predetermined set of price areas. Constraints internal to the price areas are resolved by counter trading or redispatching in the regulation market. In a model of the Nordic electricity market we consider an hourly case from winter 2010 and present analyses of the effects of different congestion management methods on prices, quantities, surpluses and network utilization. We also study the effects of two different ways of taking into account security constraints.

Keywords: Congestion management; Zonal pricing; Dayahead market simulation (search for similar items in EconPapers)
JEL-codes: Q00 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2014-06-26
New Economics Papers: this item is included in nep-cmp, nep-ene and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:nhhfms:2014_030

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