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The zonal approach is now broadly adopted by electricity markets worldwide, since it provides the participants with an easily understandable representation of the transmission constraints. The zonal approach and the total transmission capability (TTC) interact in the sense that the higher is the TTC, the lower is the influence of transmission constraints on market results. As a consequence the TTC...
Worldwide the electric systems are changing their organization from a vertically integrated to a liberalized structure. In particular, in the new environment, a lot of new "actors" are in competition to each other: this situation requires a set of rules to manage in an efficient way the electric system together with the electric market. As a consequence for this new structure a proficient...
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