Pricing daily electricity transfer capacities in the Spain — France interconnection

Author

Covas, Ricardo ; Pascual, Lorenzo

Author_Institution

EDP - Energias de Portugal, Lisbon

fYear

2008

fDate

28-30 May 2008

Firstpage

1

Lastpage

5

Abstract

Nowadays, it is possible to sell energy across countries using the existing interconnections. In Europe, one example is the interconnection between France and Spain. These interconnections have limited capacity. Therefore, the right to use the interconnections becomes a valuable position for the different companies and players, due to the spread of electricity prices between countries. The transfer capacities are obtained in annual, monthly, daily and intra-day transfer auctions.

Keywords

matrix algebra; power markets; power system economics; power system interconnection; Black-Scholes formulas; Europe; Spain-France interconnection; electricity market; electricity transfer capacity pricing; Capacity planning; Economic forecasting; Electricity supply industry; Europe; Gaussian distribution; Load forecasting; Power grids; Pricing; Production; Proposals; Conditional Expectation; Day and Intra-day Electricity Market; Multivariate Normal Distribution; Spread Option; Transfer Capacities Auction;

fLanguage

English

Publisher

ieee

Conference_Titel

Electricity Market, 2008. EEM 2008. 5th International Conference on European

Conference_Location

Lisboa

Print_ISBN

978-1-4244-1743-8

Electronic_ISBN

978-1-4244-1744-5

Type

conf

DOI

10.1109/EEM.2008.4579121

Filename

4579121