Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7403587 | Energy Policy | 2013 | 10 Pages |
Abstract
In the EU, gas markets are based on socializing network flexibility services. However, shippers have different preferences on network flexibility, which are not reflected in current allocation models. We propose the introduction of auction mechanisms to allocate network services in the short run. The auction aims to represent simultaneously the diversity of playersâ² preferences and the trade-offs implied by network constraints. Two sealed-bid auctions are proposed: (a) an auction based on bids for gas, which allocates network services through the minimization of gas price differences; (b) an auction with explicit bids for line-pack, which allows shippersâ² valuation of line-pack storage.
Keywords
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Miguel Vazquez, Michelle Hallack,