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SUMMARY:Transmission capacity allocation in zonal electricity markets - An
 thony Papavasiliou (Université Catholique de Louvain )
DTSTART:20190109T113000Z
DTEND:20190109T123000Z
UID:TALK116776@talks.cam.ac.uk
CONTACT:INI IT
DESCRIPTION:We propose a novel framework for modelling zonal electricity m
 arkets\, based on projecting the constraints of the nodal network onto the
  space of the zonal aggregation of the network. The framework avoids circu
 lar definitions and discretionary parameters\, which are recurrent in the 
 implementation and study of zonal markets. Using this framework\, we model
  and analyze two zonal market designs currently present in Europe: flow-ba
 sed market coupling (FBMC) and available-transfer-capacity market coupling
  (ATCMC). We develop cutting-plane algorithms for simulating FBMC and ATCM
 C while accounting for robustness of imports/exports to single element fai
 lures\, and we conduct numerical simulations of FBMC and ATCMC for a reali
 stic instance of the Central Western European system under 768\,000 differ
 ent operating conditions. We find that FBMC and ATCMC are unable to antici
 pate congestion of branches interconnecting zones and branches within zone
 s\, and that both zonal designs achieve similar overall cost efficiencies 
 0.5% difference in favour of FBMC)\, while a nodal market design largely o
 utperforms both of them (5.9% better than FBMC). These findings raise the 
 question of whether it is worth for more European countries to switch from
  ATCMC to FBMC\, instead of advancing directly towards a nodal design.
LOCATION:Seminar Room 1\, Newton Institute
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