Some aspects of pricing in the electric power markets

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Anatolijs Mahnitko
Janis Gerhards
Sergejs Ribakovs

Abstract

Without taking into account system restrictions and tehnical power losses, connected with electric power transmission, all participants of the market sell and buy energy at the consolidated equilibrium price. Accounting the system restrictions the uniform equilibrium price can not be determined. The considered paper illustrates this fact with numerical calculation.

Article Details

Section
Power System Control, Liberalisation of Electricity Market