The following information was submitted:
Transactions: WSEAS TRANSACTIONS ON CIRCUITS AND SYSTEMS
Transactions ID Number: 32-306
Full Name: Jianlin Yang
Position: Ph.D. Candidate
Age: ON
Sex: Male
Address: School of Electronic, Information and Electrical Engineering,Shanghai Jiao Tong University,800 Dongchuan Road Minhang District, Shanghai,CHINA
Country: CHINA
Tel: 0086-13764610768
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E-mail address: yjlscuttju@sjtu.edu.cn
Other E-mails: yjlscuttju@yahoo.com.cn
Title of the Paper: An Equilibrium Model for the Joint FTR/FGR Auction Market
Authors as they appear in the Paper: Jianlin Yang, Zheng Yan, Wen Jiang
Email addresses of all the authors: yjlscuttju@sjtu.edu.cn, yanz@sjtu.edu.cn, clintonjiang@sjtu.edu.cn
Number of paper pages: 10
Abstract: As an important instrument to hedge against the risk of congestion charges, transmission right has been successfully implemented in practice. There are two basic transmission rights, point-to-point financial transmission right (FTR) and flow-based right (FGR). The equilibrium model for the joint FTR/FGR auction market is established in this paper. Every TR (transmission right) bidder can bid for any portfolio of FTRs and FGRs in this model, and the contingency constraints are also involved in the simultaneous feasible test (SFT). Besides, the analysis for the established model is also presented. The resulting equilibrium model is formulated in terms of a mixed linear complementarity problem, which is converted into the computation of a convex quadratic programming in this paper. The standard PJM-5-bus system is used to illustrate the proposed equilibrium model.
Keywords: FTR obligation; FTR option; FGR; simultaneous feasible test; convex quadratic programming
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