Open AccessDeregulated Serbian electricity market optimal dispatch with congestion constraints
Author(s) -
Ilija Batas Bjelić,
Ivan Škokljev
Publication year - 2011
Publication title -
serbian journal of electrical engineering
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.133
H-Index - 5
eISSN - 2217-7183
pISSN - 1451-4869
DOI - 10.2298/sjee1103325b
Subject(s) - serbian , electricity market , energy market , welfare , electricity , competition (biology) , economics , business , microeconomics , congestion management , industrial organization , market economy , electric power system , engineering , power (physics) , philosophy , linguistics , physics , quantum mechanics , biology , ecology , electrical engineering
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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