The Effects of Transmission-Rights Pricing on Multi-Stage Electricity Markets
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arXiv
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| Hauptverfasser: | , , |
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| Format: | Preprint |
| Veröffentlicht: |
2024
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| _version_ | 1866910310100631552 |
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| author | de Saint-Lienard, Erwann de Belloy Marecek, Jakub Kungurtsev, Vyacheslav |
| author_facet | de Saint-Lienard, Erwann de Belloy Marecek, Jakub Kungurtsev, Vyacheslav |
| contents | Cross-border transmission infrastructure is pivotal in balancing modern power systems, but requires fair allocation of cross-border transmission capacity, possibly via fair pricing thereof. This requirement can be implemented using multi-stage market mechanisms for Physical Transmission Rights (PTRs). We analyse the related dynamics, and show prisoner's dilemma arises. Understanding these dynamics enables the development of novel market-settlement mechanisms to enhance market efficiency and incentivize renewable energy use. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2401_15772 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | The Effects of Transmission-Rights Pricing on Multi-Stage Electricity Markets de Saint-Lienard, Erwann de Belloy Marecek, Jakub Kungurtsev, Vyacheslav Optimization and Control Computer Science and Game Theory Cross-border transmission infrastructure is pivotal in balancing modern power systems, but requires fair allocation of cross-border transmission capacity, possibly via fair pricing thereof. This requirement can be implemented using multi-stage market mechanisms for Physical Transmission Rights (PTRs). We analyse the related dynamics, and show prisoner's dilemma arises. Understanding these dynamics enables the development of novel market-settlement mechanisms to enhance market efficiency and incentivize renewable energy use. |
| title | The Effects of Transmission-Rights Pricing on Multi-Stage Electricity Markets |
| topic | Optimization and Control Computer Science and Game Theory |
| url | https://arxiv.org/abs/2401.15772 |