Congestion rents and FTR evaluations in mixed-pool-bilateral systems

摘要: Evaluation of key metrics for congestion management, including the rents and financial transmission rights (FTR) payoffs, requires efficient allocation services calculation appropriate locational marginal prices (LMPs). This requirement is particularly acute when there are bilateral transactions coexisting with centralized pool markets. We propose a new formulation this purpose, which captures explicitly contribution to social welfare. The proposed effectively integrates market on consistent basis results in more resources than conventional tool. assess analytically capabilities solution quantify improvements evaluations over those done using approach. Such also illustrated simulation wide range test systems IEEE 118-bus network.