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Transmission congestion involves in system security and market efficiency under a deregulated environment. How to eliminate congestion effectively and allocate congestion cost reasonably becomes one of the important contents. In this paper, a method for congestion cost allocation in a pool-based market is proposed. The congestion cost is firstly allocated to congested lines using Shapley-value; then...
In a pool-based electric energy market with uniform pricing rule, withholding generation capacity unilaterally for a generation company (GenCo) can no longer alter market clearing price (MCP) to its own benefits under the relatively lower market concentration and load demand. In other words, the unilaterally withholding strategy is no longer profitable. Thus, the only approach for a GenCo to gain...
Using the concept of ldquomental accounting, MArdquo of behavioral economics, the paper analyses the psychology of GenCos when making a risk bidding decision. Based on the result of analysis, a novel risk decision-making framework is developed to help the price-taker GenCos obtain their satisfied step-wise bidding curves in a pay-as-bid auction. In this framework, the total generation of a GenCo is...
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