A market-based approach for enabling inter-area reserve exchange

Autor: Karaca, Orcun, Delikaraoglou, Stefanos, Kamgarpour, Maryam
Rok vydání: 2021
Předmět:
Zdroj: Operations Research Letters, 49(4), 501-506, 2021
Druh dokumentu: Working Paper
DOI: 10.1016/j.orl.2021.05.009
Popis: Considering the sequential clearing of energy and reserves in Europe, enabling inter-area reserve exchange requires optimally allocating inter-area transmission capacities between these two markets. To achieve this, we provide a market-based allocation framework and derive payments with desirable properties. The proposed min-max least core selecting payments achieve individual rationality, budget balance, and approximate incentive compatibility and coalitional stability. The results extend the works on private discrete items to a network of continuous public choices.
Databáze: arXiv