The flow-based market coupling domain - Why we can't get it right
| Autor: | Paul Osinski, Tim Felling, Christoph Weber, Björn Felten |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Mathematical optimization
Stylized fact Sociology and Political Science Computer science 020209 energy 02 engineering and technology Wirtschaftswissenschaften 010501 environmental sciences Management Monitoring Policy and Law Development 01 natural sciences Domain (software engineering) Electric power system Flow (mathematics) Western europe 0202 electrical engineering electronic engineering information engineering Business and International Management Market coupling 0105 earth and related environmental sciences |
| Zdroj: | Utilities Policy. 70:101136 |
| ISSN: | 0957-1787 |
| Popis: | Significant welfare gains can be achieved by interlinking electric power systems. A major improvement in this regard has been the implementation of flow-based market coupling (FBMC) in Central Western Europe [Reseau de transportd'electricite (RTE) et al., 2015]. However, recent assessments [Entso-E, 2018] have shown that FBMC is not yet fully understood. We contrast the FBMC domain with the feasible regions in a nodal market design based on a stylized example. Our analysis reveals the essential elements of FBMC, including its positive features. We also show that certain FBMC approximations will always affect welfare to a certain extent. |
| Databáze: | OpenAIRE |
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