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 / E., Caruso; Dicorato, Maria; A., Minoia; M., Ilic. - (2004), pp. 554-559. (Intervento presentato al convegno IREP Symposium, BULK POWER SYSTEM DYNAMICS AND CONTROL tenutosi a Cortina d'Ampezzo, Italia nel 22-27 agosto 2004).

The Impact of Physical Bilateral Agreements on the Wholesale Electricity Price

DICORATO, Maria;
2004-01-01

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.
2004
IREP Symposium, BULK POWER SYSTEM DYNAMICS AND CONTROL
The Impact of Physical Bilateral Agreements on the Wholesale Electricity Price / E., Caruso; Dicorato, Maria; A., Minoia; M., Ilic. - (2004), pp. 554-559. (Intervento presentato al convegno IREP Symposium, BULK POWER SYSTEM DYNAMICS AND CONTROL tenutosi a Cortina d'Ampezzo, Italia nel 22-27 agosto 2004).
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11589/18478
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