IEEJ Transactions on Power and Energy
Online ISSN : 1348-8147
Print ISSN : 0385-4213
ISSN-L : 0385-4213
Paper
Application for Single Price Auction Model (SPA) in AC Network
Tsunehisa WachiSuguru FukutomeLuonan ChenYoshinori MakinoGentarou Koshimizu
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2005 Volume 125 Issue 1 Pages 81-89

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Abstract
This paper aims to develop a single price auction model with AC transmission network, based on the principle of maximizing social surplus of electricity market. Specifically, we first formulate the auction market as a nonlinear optimization problem, which has almost the same form as the conventional optimal power flow problem, and then propose an algorithm to derive both market clearing price and trade volume of each player even for the case of market-splitting. As indicated in the paper, the proposed approach can be used not only for the price evaluation of auction or bidding market but also for analysis of bidding strategy, congestion effect and other constraints or factors. Several numerical examples are used to demonstrate effectiveness of our method.
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© 2005 by the Institute of Electrical Engineers of Japan
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