The presence of physical private agreements between generating companies and customers may have a significant impact on market results in terms of dispatched power, prices and power flows. A mixed pool/bilateral market structure allows to address this issue. In fact, it permits to solve each wholesale market session by taking into account the market participant bids for trades on the spot market, together with the bilateral contracts settled privately by market participants in advance. This paper assesses the effects of firm physical bilateral agreements on wholesale market prices. In particular, the Italian electricity market scenario is considered and the impact of different amounts traded through firm bilateral agreements on day-ahead electricity prices is analyzed.

The Impact of Physical Bilateral Agreements on the Wholesale Electricity Price

DICORATO, Maria;
2004

Abstract

The presence of physical private agreements between generating companies and customers may have a significant impact on market results in terms of dispatched power, prices and power flows. A mixed pool/bilateral market structure allows to address this issue. In fact, it permits to solve each wholesale market session by taking into account the market participant bids for trades on the spot market, together with the bilateral contracts settled privately by market participants in advance. This paper assesses the effects of firm physical bilateral agreements on wholesale market prices. In particular, the Italian electricity market scenario is considered and the impact of different amounts traded through firm bilateral agreements on day-ahead electricity prices is analyzed.
IREP Symposium, BULK POWER SYSTEM DYNAMICS AND CONTROL
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11589/18478
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact