zonal pricing

Optimal Storage and Transmission Investments in a Bilevel Electricity Market Model

  • Alexandra Märtz
  • Martin Weibelzahl
    • Categories Applications - OR and Management Sciences, Finance and Economics, Transportation Tags , , , , ,

    This paper analyzes the interplay of transmission and storage investments in a multistage game that we translate into a bilevel market model. In particular, on the first level we assume that a transmission system operator chooses an optimal line investment and a corresponding optimal network fee. On the second level we model competitive firms that … Read more

    On the Effects of Storage Facilities on Optimal Zonal Pricing in Electricity Markets

  • Alexandra Märtz
  • Martin Weibelzahl
    • Categories Applications - OR and Management Sciences, Finance and Economics, Transportation Tags , , ,

    This paper analyzes the effects of storage facilities on optimal zonal pricing in competitive electricity markets. In particular, we propose a zonal pricing model that comprises consumers, producers, and storage facilities on a network with constrained transmission capacities. In its two limit cases, our zonal pricing model includes the reference nodal pricing model as well … Read more