A market clearing solution for the Hungarian balancing market

This paper deals with the design and functioning of the new Hungarian energy market infrastructure. We particularly emphasize on day-ahead tertiary regulation market, called in this paper minute control market. This market takes place in day-ahead. Its primary goal is a least-cost clearing of regula...

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Published in2003 IEEE Power Engineering Society General Meeting (IEEE Cat. No.03CH37491) Vol. 4; pp. 2593 - 2598 Vol. 4
Main Authors Ammari, S., Passelergue, J.C., Galzin, C., Sztrada, G.
Format Conference Proceeding
LanguageEnglish
Published IEEE 2003
Subjects
Asset management
Business
Contracts
Electricity supply industry
Energy management
Linear programming
Meter reading
Monitoring
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Summary:This paper deals with the design and functioning of the new Hungarian energy market infrastructure. We particularly emphasize on day-ahead tertiary regulation market, called in this paper minute control market. This market takes place in day-ahead. Its primary goal is a least-cost clearing of regulation bids needed to balance the system and manage congestions. This goal is achieved through an open, transparent and competitive process based on a constrained linear programming formulation of the market clearing problem.
ISBN:0780379896
9780780379893
DOI:10.1109/PES.2003.1271054