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Simulation of Congestion Management and Security Constraints in the Nordic Electricity Market

Author

Listed:
  • Bjørndal, Endre

    (Dept. of Business and Management Science, Norwegian School of Economics)

  • Bjørndal, Mette

    (Dept. of Business and Management Science, Norwegian School of Economics)

  • Gribkovskaia, Victoria

    (Dept. of Business and Management Science, Norwegian School of Economics)

Abstract

Presently in the Nordic day-ahead market, zonal pricing or market splitting is used for relieving congestion between a predetermined set of price areas. Constraints internal to the price areas are resolved by counter trading or redispatching in the regulation market. In a model of the Nordic electricity market we consider an hourly case from winter 2010 and present analyses of the effects of different congestion management methods on prices, quantities, surpluses and network utilization. We also study the effects of two different ways of taking into account security constraints.

Suggested Citation

  • Bjørndal, Endre & Bjørndal, Mette & Gribkovskaia, Victoria, 2014. "Simulation of Congestion Management and Security Constraints in the Nordic Electricity Market," Discussion Papers 2014/30, Norwegian School of Economics, Department of Business and Management Science.
  • Handle: RePEc:hhs:nhhfms:2014_030
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    File URL: http://hdl.handle.net/11250/217653
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    More about this item

    Keywords

    Congestion management; Zonal pricing; Dayahead market simulation;
    All these keywords.

    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General

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