Countries are making important efforts decarbonising their electricity generation mix. In this context, improving the operational efficiency enables better use to be made by renewables and grids. However, location of new capacity might relevant from social welfare point view when private decisions affect power system efficiency. paper, we analyze Spanish transmission grid with aim explore in ef...

a r t i c l e i n f o Keywords: Hurst exponent Nonlinear dynamics Chaos Offer behavior Locational marginal price (LMP) In electricity markets where supply and demand drives the price for the purchase and sale of electricity, generating firms change capacity for various reasons including load level, policy, and varying market conditions. These types of fluctuating production patterns can result ...

A novel market design is proposed and developed that uses the energy-balance services for transmission-congestion relief. In this proposed market, all generators and customers have the ability to submit their offers to increase/decrease their generation/consumption, respectively. Each participant provides a ‘price–quantity’ offer to the independent system operator (ISO) which is independent of ...