Journal
ENERGY
Volume 35, Issue 10, Pages 4107-4115Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.energy.2010.06.025
Keywords
Transmission expansion; Trilateral market coupling; Europe; Financial transmission rights; Congestion management
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Funding
- Programa Interinstitucional de Estudios sobre la Region de America del Norte (PIERAN) at El Colegio de Mexico
- Alexander von Humboldt Foundation
- Conacyt [60334]
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We apply a merchant transmission model to the trilateral market coupling (TLC) arrangement among the Netherlands, Belgium and France as an example, and note that it could further be applied to other market splitting or coupling of Europe's different national power markets. In this merchant framework the system operator allocates financial transmission rights (FTRs) to investors in transmission expansion based upon their preferences, and revenue adequacy. The independent system operator (ISO) preserves some proxy FTRs to manage potential negative externalities that may result from expansion projects. This scheme could help European market coupling arrangements attract additional investment. (C) 2010 Elsevier Ltd. All rights reserved.
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