December 2004
27
R.
Rajaraman. “Optimal Bidding Strategies in Electricity Markets”
Example 5: Zonal Pricing
A
B
C
Zone 1
Load=350
MW
Load=350
MW
Gen B:
150 MW @ $35/MWh
150 MW @ $35/MWh
Gen A: 600
MW @ $20/MWh
Zone 2
Gen C2:
100 MW @ $55/MWh
100 MW @ $55/MWh
Gen C1:
100 MW @ $25/MWh
100 MW @ $25/MWh
Limit
= 500 MW
Limit=200
MW