A Generalized Nash Equilibrium Model of Market Coupling in the European Power System

摘要: “Market Coupling” is currently seen as the most advanced market design in restructuring of European electricity market. Market Coupling, by construction, introduces what generally referred to an incomplete market: it leaves several constraints out and hence avoids pricing them. This may or not have important consequences practice depending on case hand. Quasi-Variational Inequality problems associated Generalized Nash Equilibrium can be used for representing markets. Recent papers propose methods finding a set solutions problems. We apply one these subproblem coupling namely coordination counter-trading. problem illustration more general question encountered, instance, hierarchical planning production management. first discuss economic interpretation problem. then algorithmic approach stylized studies order illustrate impact different organizations The paper emphasizes structuring A companion considers full Coupling counter-trading presents extensive numerical analysis.