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  • ST - Week 10 PSA1

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    The document discusses day-ahead market operations in the presence of transmission constraints between two regions. When transmission capacity is unconstrained, there is a common market clearing price between the two regions. However, when congestion is reported on the transmission corridor between the eastern and southern regions, with flows constrained to 100MW, the market will split into two areas. The system will then clear the market separately for the deficit southern region and surplus eastern region, deriving separate area clearing prices for each region. Area clearing price refers to the price established in a particular area after considering all bids and splitting the market across constrained transmission corridors.

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    PSA lecture

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    St_Week 10 PSA1

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    The document discusses day-ahead market operations in the presence of transmission constraints between two regions. When transmission capacity is unconstrained, there is a common market clearing price between the two regions. However, when congestion is reported on the transmission corridor between the eastern and southern regions, with flows constrained to 100MW, the market will split into two areas. The system will then clear the market separately for the deficit southern region and surplus eastern region, deriving separate area clearing prices for each region. Area clearing price refers to the price established in a particular area after considering all bids and splitting the market across constrained transmission corridors.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    6 views21 pages

    ST - Week 10 PSA1

    Uploaded by

    Filza
    The document discusses day-ahead market operations in the presence of transmission constraints between two regions. When transmission capacity is unconstrained, there is a common market clearing price between the two regions. However, when congestion is reported on the transmission corridor between the eastern and southern regions, with flows constrained to 100MW, the market will split into two areas. The system will then clear the market separately for the deficit southern region and surplus eastern region, deriving separate area clearing prices for each region. Area clearing price refers to the price established in a particular area after considering all bids and splitting the market across constrained transmission corridors.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    POWER SYSTEM

    ANALYSIS - I (EE-521)
    Week 10
    Presenter: Dr. Beenish Sultana
    Day Ahead Market
    Illustration of Price Matching and Market Splitting
    REQUIREMENT OF CORRIDOR FROM DESPACTCH CENTER

    Demand and Supply gap in two regions get balanced by unconstrained flow between
    the two regions hence a common MCP (market clearing price) is derived.
    Constraint Solution (Market Splitting)

    Congestion was reported by NLDC from ER to SR corridor and


    flow is constrained to 100MW. Due to flow constraint, system
    will “Split” the market in to two regions i.e. Deficit (SR
    Region) and Surplus region (ER Region),and will again run the
    calculation chronology for both the regions separately
    considering the flow constraint and will derive the ACP
    (Area Clearing Price ) and ACV

    Area Clearing Price (ACP) means the price of a time block electricity
    contract established on the Power Exchange after considering all
    valid purchase and sale bids in particular area(s) after market
    splitting, i.e. dividing the market across constrained transmission
    corridor(s)
    Results after Market Splitting

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