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Deregulated Serbian electricity market optimal dispatch with congestion constraints

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Author(s): Batas-Bjelić Ilija | Škokljev Ivan

Journal: Serbian Journal of Electrical Engineering
ISSN 1451-4869

Volume: 8;
Issue: 3;
Start page: 325;
Date: 2011;
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Keywords: linear programming | dispatch problem | market clearing price | maximum welfare | congestion

ABSTRACT
With newly adopted Energy Law, market in Serbia will become more deregulated in following years. Price and quantities of energy traded will be formed through an open pool competition of several producers and consumers by market mechanism which tends to maximize welfare. Due to congestion some of this welfare will be lost. We are suggesting and discussing 5 market indicators to quantify changes arising in the dispatch with congestion constraints.
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