Arbeitspapier

Local flexibility market

A local flexibility market is presented that addresses intrazonal congestion in a zonal electricity market. The market lets system operators access flexibility at multiple voltage levels to satisfy transmission constraints. Market participants offer local flexibility intraday in a continuous trading process. This supply is matched with demand from system operators. The market-based redispatch is transparent and technology neutral. Inc-dec gaming is mitigated with features to detect and sanction the behavior. Cost-based redispatch from conventional generation serves as a backstop if additional flexibility is required close to real time. This further mitigates inc-dec gaming by disciplining behavior in the spot market. An advantage of the approach in Europe is that it represents a modest change from the current market and therefore can be implemented sooner and with less risk.

Sprache
Englisch

Erschienen in
Series: ECONtribute Discussion Paper ; No. 182

Klassifikation
Wirtschaft
Thema
local flexibility
congestion pricing
market design
electricity markets
electricity regulation

Ereignis
Geistige Schöpfung
(wer)
Cramton, Peter C.
Ereignis
Veröffentlichung
(wer)
University of Bonn and University of Cologne, Reinhard Selten Institute (RSI)
(wo)
Bonn and Cologne
(wann)
2022

Handle
Letzte Aktualisierung
20.09.2024, 08:23 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Cramton, Peter C.
  • University of Bonn and University of Cologne, Reinhard Selten Institute (RSI)

Entstanden

  • 2022

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