The Relevance of Grid Expansion under Zonal Markets

The European electricity market design is based on zonal markets with uniform prices. Hence, no differentiated locational price signals are provided within these zones. If intra-zonal congestion occurs due to missing grid expansion, this market design reveals its inherent incompleteness, and might l...

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Veröffentlicht in:	The Energy journal (Cambridge, Mass.) Mass.), 2017-09, Vol.38 (5), p.129-152
Hauptverfasser:	Bertsch, Joachim, Brown, Tom, Hagspiel, Simeon, Just, Lisa
Format:	Artikel
Sprache:	eng
Schlagworte:	Design Economic aspects Electric power transmission Electricity Electricity pricing Energy industry Expansion Markets Planning Political aspects
Online-Zugang:	Volltext
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