Modeling flow-based market coupling: Base case, redispatch, and unit commitment matter
- Conference Paper
As Europe moves to expand flow-based market coupling (FBMC) to other regions, revisiting key modeling elements is crucial to interpreting results of different studies. In contrast to nodal pricing, FBMC is a zonal pricing approach that involves approximations of the underlying grid topology. The choice of base case, method of redispatch, whether unit commitment constraints are included, and whether results consider pay-as-bid or market-clearing prices vary widely across published papers. We demonstrate that different methods can have a substantial impact on overall costs. We find that existing base case approaches perform poorly compared to a base case using the nodal solution across all modeling choices considered. © 2020 IEEE. Show more
Book title2020 17th International Conference on the European Energy Market (EEM)
Pages / Article No.
SubjectFlow-based market coupling; Nodal pricing; Zonal electricity markets; Zonal pricing
Organisational unit09481 - Hug, Gabriela / Hug, Gabriela
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