Deregulated Serbian electricity market optimal dispatch with congestion constraints

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.

Keywords

• linear programming
• dispatch problem
• market clearing price
• maximum welfare
• congestion