Market Coupling as the Universal Algorithm to Assess Zonal Divisions
| Autor: | Michal Klos, Grzegorz Orynczak, Karol Wawrzyniak, Marcin Jakubek |
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| Jazyk: | angličtina |
| Rok vydání: | 2014 |
| Předmět: |
FOS: Computer and information sciences
Measure (data warehouse) media_common.quotation_subject Social Welfare Systems and Control (eess.SY) Division (mathematics) Computational Engineering Finance and Science (cs.CE) FOS: Economics and business Variable (computer science) Computer Science - Computers and Society Computers and Society (cs.CY) FOS: Electrical engineering electronic engineering information engineering Economics Electricity market Computer Science - Systems and Control Quality (business) General Finance (q-fin.GN) Computer Science - Computational Engineering Finance and Science Quantitative Finance - General Finance Algorithm Market coupling media_common |
| Popis: | Adopting a zonal structure of electricity market requires specification of zones' borders. In this paper we use social welfare as the measure to assess quality of various zonal divisions. The social welfare is calculated by Market Coupling algorithm. The analyzed divisions are found by the usage of extended Locational Marginal Prices (LMP) methodology presented in paper [1], which takes into account variable weather conditions. The offered method of assessment of a proposed division of market into zones is however not limited to LMP approach but can evaluate the social welfare of divisions obtained by any methodology. 5 pages |
| Databáze: | OpenAIRE |
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