Electricity market equilibrium model with voltage constraints

A.R. Delgadillo, J. Reneses

11th International Conference on the European Energy Market - EEM14, Krakow (Poland). 28-30 mayo 2014

Summary:
A conjectural-variation-based equilibrium model of a single-price electricity market is used to analyze the effect of voltage constraints on the generators’ strategic behavior. The solution of the model is computed by means of a two-stage optimization procedure. In the first stage, the day-ahead market clearing process is modeled. In the second stage, an AC optimal power flow determines the active and reactive production changes of the generation units in order to meet the technical network constraints.

Keywords: Voltage constraints, equilibrium model, electricity market

DOI: 10.1109/EEM.2014.6861208

Publication date: May 2014.

Citation:
Delgadillo, A.R., Reneses, J., Electricity market equilibrium model with voltage constraints, 11th International Conference on the European Energy Market - EEM14, Krakow (Poland). 28-30 May 2014.

IIT-14-058A