OPTIMAL DISPATCH OF SPOT MARKET WITH INDIVIDUAL REVENUE ADEQUACY CONSTRAINTS FOR RISK AND CONGESTION MANAGEMENT
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OPTIMAL DISPATCH OF SPOT MARKET WITH INDIVIDUAL REVENUE ADEQUACY CONSTRAINTS FOR RISK AND CONGESTION MANAGEMENT
Automation of Electric Power SystemsVol. 26, Issue 24, (2002)
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Published:2002
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[J]. Automation of electric power systems, 2002, 26(24).
DOI:
[J]. Automation of electric power systems, 2002, 26(24).DOI:
OPTIMAL DISPATCH OF SPOT MARKET WITH INDIVIDUAL REVENUE ADEQUACY CONSTRAINTS FOR RISK AND CONGESTION MANAGEMENT
摘要
To manage the transmission congestion and to avoid prohibitively high nodal spot prices
the individual revenue adequacy constraints are added into the mathematical model for optimal dispatch of spot market in this paper. In each individual revenue adequacy constraint
some financial instruments
such as Contracts for Differences (CfDs) and Financial Transmission Rights (FTRs)
are modelled to show their abilities to hedge price risks and their possible impacts on congestion management. Two numerical examples are given to illustrate the proposed method.
Abstract
To manage the transmission congestion and to avoid prohibitively high nodal spot prices
the individual revenue adequacy constraints are added into the mathematical model for optimal dispatch of spot market in this paper. In each individual revenue adequacy constraint
some financial instruments
such as Contracts for Differences (CfDs) and Financial Transmission Rights (FTRs)
are modelled to show their abilities to hedge price risks and their possible impacts on congestion management. Two numerical examples are given to illustrate the proposed method.