Abstract
A novel market design is proposed and developed that uses the energy-balance services for transmission-congestion relief. In this proposed market, all generators and customers have the ability to submit their offers to increase/decrease their generation/consumption, respectively. Each participant provides a ‘price–quantity’ offer to the independent system operator (ISO) which is independent of the energy market and is activated after the energy market is settled. The ISO arrives at the optimal procurement of the balancing services for congestion management based on the ‘importance’ of each market participant to transmission congestion relief using the concept of ‘line specific’ generalised generation-distribution factors.
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