Kovács, József Viktor (IP Systems)
Integration of day-ahead electricity markets by advanced hybrid market coupling auction
Electricity as a product has some special properties. It differs from conventional economic products in many ways. First the characteristics of the electricity market are introduced. Then the day-ahead market coupling auction is presented as the method of unified electricity trade in the EU. Both the ATC based and the flow based (FB) market coupling models are considered. Furthermore, the uniform treatment of these models is discussed as an advanced hybrid market coupling auction. It can be modelled formally as a mixed integer quadratic problem. The potential linearisation techniques of implication conditions are briefly demonstrated. Modelling of the auction rules based on the Karush-Kuhn-Tucker theorem is discussed in detail. The concept captures the essence of the pricing methodology and proves its optimality.
Date: Dec. 1, Tuesday 4:15pm
Place: BME, Building „Q”, Room QBF13