Implementation of market coupling in MATLAB

Category: Electrical | Posted on June 2, 2018

The rising share of renewable energies and its volatile infeed of electricity result in decreasing prices in national spot markets. The concept of market coupling represents a key instrument to equalize electricity prices in Europe by sharing of cheap renewable energy. Market coupling effectively uses available capacities of interconnectors between bidding areas and therefore decreases country-specific surpluses and deficits and contributes to price convergence across different markets.

This thesis focuses on the development of a market coupling model in MATLAB using linear programming. The aim of this model is to determine volumes and prices in each national day-ahead market and the amount of electricity transferred between bidding areas for the day-ahead timeframe. Therefore, offers from power plant operators to different day-ahead markets and available transmission capacities must be taken into account. To optimize market prices, technical and economic constraints must be considered. All results must be documented and evaluated in written form.

The study has to cover the following points:

• Literature research on market coupling
• Optimization of market prizes in different bidding areas
• Development of scenarios with different transmission capacities, loads as well as amount and types of offers
• Comparison of market prices with and without market coupling
• Implementation of market coupling in MATLAB
• Evaluation and documentation of the results

Bids Bid by Amount Date
No Bids Placed
52,478 Happy Students
18,270 Projects Completed
2,345 Projects For Sale
128+ Experts For Helping
88,435 Registered Users

About Company

A well experienced group of mentors is available to take project development, subject training, programming in various fields: Enginering (Electronics and Communications, Electrical, Computer Science, Mechanical, Civil, Bio- Medical), IT (C, C++, JAVA, DOT Net, ABAP), Arts and Others and Courses many other branches.

Newsletter Subscribe

Subscribe to thesis123 newsletter for all latest news which covers events, projects , class notes , books and many other important information

Contact Us

Thesis 123 Educational Consultancy Pvt Ltd,
Flat No: 202, 16-31-483,,
Bhanu Pedapudi Towers,
JNTU H Road, KPHB, Kukatpally,,
Hyderabad, Telangana 500085,
Landmark: Apollo Pharmacy Building,

Phone: +9140 48504880

Quick Contact
Quick Contact

    [recaptcha id:quickrecap class:quickrecap]