Market coupling and the importance of price coordination between power exchanges

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dc.contributor.authorMeeus, Leonardo
dc.contributor.authorVandezande, Leen
dc.contributor.authorCole, S.
dc.contributor.authorBelmans, Ronnie
dc.date.accessioned2017-12-02T14:43:06Z
dc.date.available2017-12-02T14:43:06Z
dc.date.issued2009
dc.description.abstractIn Europe, market coupling stands for a further integration of wholesale trading arrangements across country borders. More specifically, it refers to the implicit auctioning of cross-border physical transmission rights via the hourly auctions for electric energy organized by power exchanges (PEXs) one day ahead of delivery. It therefore implies that the PEXs can optimize the clearing of their day-ahead auctions. Due to verticals in the aggregated order curves, the optimal solution can be settled at different prices. In order for prices to give correct locational signals for network development, generation and consumption, price coordination between exchanges is necessary. The paper illustrates this issue, its relevance and discusses how to deal with it.
dc.identifier.doi10.1016/j.energy.2008.04.013
dc.identifier.journalEnergy
dc.identifier.urihttp://hdl.handle.net/20.500.12127/4621
dc.identifier.vperid40734
dc.identifier.vperid162826
dc.identifier.vperid151626
dc.identifier.vperid162824
dc.identifier.vpubid5497
dc.language.isoen
dc.source.beginpage228
dc.source.endpage234
dc.source.issue3
dc.source.volume34
dc.subjectEnergy Markets
dc.subjectPricing
dc.subjectElectric Market Equilibrium
dc.subjectOperational Research
dc.subjectPower System Economics
dc.subjectDuality
dc.titleMarket coupling and the importance of price coordination between power exchanges
dspace.entity.typePublication
vlerick.knowledgedomainEnergy
vlerick.typearticleJournal article with impact factor
vlerick.vlerickdepartmentEGS
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