Title: Market coupling and the importance of price coordination between power exchanges
Authors: Meeus, Leonardo ×
Vandezande, Leen
Cole, Stijn
Belmans, Ronnie #
Issue Date: Mar-2009
Publisher: Pergamon Press
Series Title: Energy vol:34 issue:3 pages:228-234
Abstract: In Europe, market coupling stands for a further integration of wholesale trading arrangements across country borders. More specifically, it refers to the implicit auctioning of cross-border physical transmission rights via the hourly auctions for electric energy organized by power exchanges (PEXs) one day ahead of delivery. It therefore implies that the PEXs can optimize the clearing of their day-ahead auctions. Due to verticals in the aggregated order curves, the optimal solution can be settled at different prices. In order for prices to give correct locational signals for network development, generation and consumption, price coordination between exchanges is necessary. The paper illustrates this issue, its relevance and discusses how to deal with it. (C) 2008 Elsevier Ltd. All rights reserved.
ISSN: 0360-5442
Publication status: published
KU Leuven publication type: IT
Appears in Collections:ESAT - ELECTA, Electrical Energy Computer Architectures
× corresponding author
# (joint) last author

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