期刊
EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
卷 297, 期 3, 页码 1095-1111出版社
ELSEVIER
DOI: 10.1016/j.ejor.2021.06.034
关键词
OR in energy; Entry-exit gas market; Gas market design; Multilevel optimization; Robust optimization
资金
- Bavarian State Government
- Deutsche Forschungsgemeinschaft
The liberalized gas markets in Europe are organized as entry-exit regimes, decoupling gas trade and transport. The study reveals significant welfare losses due to unused network capacity as a result of feasibility requirements for technical capacities, with network structure playing a crucial role in the optimal choice of technical capacities.
Liberalized gas markets in Europe are organized as entry-exit regimes so that gas trade and transport are decoupled. The decoupling is achieved via the announcement of technical capacities by the transmission system operator (TSO) at all entry and exit points of the network. These capacities can be booked by gas suppliers and customers in long-term contracts. Only traders who have booked capacities up-front can nominate quantities for injection or withdrawal of gas via a day-ahead market. To ensure feasibility of the nominations for the physical network, the TSO must only announce technical capacities for which all possibly nominated quantities are transportable. In this paper, we use a four-level model of the entry-exit gas market to analyze possible welfare losses associated with the decoupling of gas trade and transport. In addition to the multilevel structure, the model contains robust aspects to cover the conservative nature of the European entry-exit system. We provide several reformulations to obtain a single-level mixed integer quadratic problem. The overall model of the considered market regime is extremely challenging and we thus have to make the main assumption that gas flows are modeled as potential-based linear flows. Using the derived single-level reformulation of the problem, we show that the feasibility requirements for technical capacities imply significant welfare losses due to unused network capacity. Furthermore, we find that the specific structure of the network has a considerable influence on the optimal choice of technical capacities. Our results thus show that trade and transport are not decoupled in the long term. As a further source of welfare losses and discrimination against individual actors, we identify the minimum prices for booking capacity at the individual nodes. (c) 2021 Elsevier B.V. All rights reserved.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据