Abstract:

In the existing hybrid electricity markets, the pool and the bilateral-contract trades commonly interfere with each other. In order to effectively coordinate and dispatch these two trade modes, a coordinated congestiondispatching model for pool-bilateral markets by introducing a coordinated constraint to deal with the priority of the two trades. In this model, the curtailed generation of contracts is allowed to re-dispatch in the pool market, thus decreasing the purchasing cost of pool trade. Case study indicates that the proposed model is effective.

Key words: hybrid electricity market, congestion dispatch, coordinated constraint, dispatching model