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A Merchant Transmission Approach for Uniform-Price Electricity Markets

Staudt, Philipp; Oren, Shmuel


Uniform-price electricity markets as operated in Germany, for instance, rely on a redispatch mechanism after market clearing to ensure the technical feasibility of generation and consumption schedules with regard to grid constraints. This mechanism determines the costs of congestion management and the welfare loss due to the limited transmission capacity. Therefore, the mechanism is suited to incentivize welfare increasing grid expansion. Depending on the distribution of congestion management costs, it can also align stakeholder interests. In this paper, we present an auction mechanism for transmission grid expansion based on the reduction of redispatch expenditures that theoretically leads to a welfare optimal expansion. The mechanism is applied to a case study in Germany. The results show that the developed mechanism supports an improved planning of grid capacity expansion.

Verlagsausgabe §
DOI: 10.5445/IR/1000135224
Veröffentlicht am 12.07.2021
DOI: 10.24251/HICSS.2020.379
Zitationen: 5
Cover der Publikation
Zugehörige Institution(en) am KIT Institut für Wirtschaftsinformatik und Marketing (IISM)
Publikationstyp Proceedingsbeitrag
Publikationsjahr 2020
Sprache Englisch
Identifikator ISBN: 978-0-9981331-3-3
KITopen-ID: 1000135224
Erschienen in Proceedings of the 53rd Hawaii International Conference on System Sciences
Veranstaltung 53rd Hawaii International Conference on System Sciences (HICSS 2020), Grand Wailea, Maui, Hawaii, 07.01.2020 – 10.01.2020
Seiten 3107-3116
Vorab online veröffentlicht am 07.01.2020
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