Energy exchange among the electricity markets is a new issue in modern power systems. This issue, especially in Europe, has been identified as a market coupling. In this paper, a framework for congestion management and clearing of multiple electricity markets, in which
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Energy exchange among the electricity markets is a new issue in modern power systems. This issue, especially in Europe, has been identified as a market coupling. In this paper, a framework for congestion management and clearing of multiple electricity markets, in which the market participants can place their bids simultaneously in different markets across an interconnection, is proposed. In this framework, the markets dispatch the energy and the reserve, independently. A central coordinator entity, then, runs the allocation of transmission capacity among the electricity markets. Three methods for simultaneous clearing of the energy and reserve are also proposed. The possibility of implementation of the proposed methods in multiple markets is discussed. The numerical results for three-area 15-bus and IEEE RTS-96 test systems in a triple-market case are presented, to demonstrate the effectiveness of the proposed approach as compared with the other approaches.
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