Title :
New offer structure for a co-optimized day-ahead electricity market
Author :
Polgari, Beata ; Sores, Peter ; Divenyi, Daniel ; Sleisz, Adam ; Raisz, David
Author_Institution :
Dept. of Electr. Power Eng., Budapest Univ. of Technol. & Econ., Budapest, Hungary
Abstract :
The topic of this paper is the introduction of a new offer structure type for a co-optimized day-ahead energy market. Co-optimization refers to that energy and reserve are procured simultaneously in the same algorithm. This algorithm can comply with the EUPHEMIA, the algorithm developed for the all-European market coupling. The paper discusses the required supplements and describes the bidding method with the newly introduced offer structure.
Keywords :
optimisation; power markets; co-optimized day-ahead electricity market; energy market; Contracts; Couplings; Electricity supply industry; Europe; Power generation; Resource management; EUPHEMIA; PCR; electricity market; energy-reserve co-optimization; market design; power exchange; reserve market;
Conference_Titel :
European Energy Market (EEM), 2015 12th International Conference on the
Conference_Location :
Lisbon
DOI :
10.1109/EEM.2015.7216668
