Leonardo Meeus

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In recent days almost every study concerning the analyses of power systems for market related purposes uses DC power flow. DC power flow is a simplification of a full power flow looking only at active power flows. Aspects as voltage support and reactive power management are not considered. However, such simplifications cannot always be justified and might(More)
0377-2217/$ see front matter 2008 Elsevier B.V. A doi:10.1016/j.ejor.2008.04.031 * Corresponding author. Tel.: +32 (0) 16 321722: fa E-mail address: leonardo.meeus@esat.kuleuven.be In Europe, the auctions organized by ‘‘power exchanges” one day ahead of delivery are multi-unit, double-sided, uniformly priced combinatorial auctions. Generators, retailers,(More)
This article focuses on the design of balancing markets in Europe taking into account an increasing wind power penetration. In several European countries, wind generation is so far not burdened with full balancing responsibility. However, the more wind power penetration, the less bearable for the system not to allocate balancing costs to the responsible(More)
The differences between the prevailing wholesale market design in Europe and North America should not be exaggerated. Furthermore, the tendencies in Europe are such that the differences will continue to fade. This paper discusses day-ahead auction participation and the treatment of network constraints and non-convexities in Europe in comparison with North(More)
In Europe, market coupling stands for a further integration of wholesale trading arrangements across country borders. More specifically, it refers to the implicit auctioning of cross-border physical transmission rights via the hourly auctions for electric energy organized by power exchanges one day ahead of delivery. It therefore implies that the power(More)
This paper applies two experimental economics methods (i.e., agent-based modeling and laboratory experiment) to a market test suite that is based on a fictional European wholesale electricity market. Quantitative results of generators' strategic behavior in this market context are separated between generators played by human subjects (i.e., master students)(More)
The relative efficiency of auctions and negotiations is still a puzzle in the literature. While auctions are the prescribed procedures and the most used ones for public procurement, in the private sector, where buyers are free to choose their purchasing method, competitive tendering is far from being their preferred option (Bajari et al. 2009). In addition,(More)
In this paper the authors discuss the feasibility of a zonal UCTE network model for congestion management. Zonal network model aggregates all nodes within a control zone and substitutes it by one equivalent node; individual cross-border lines are substituted by equivalent one link per border. This model allows derivation of power transfer distribution(More)
Recent technical and political developments require investments in the transmission grid. Up to recently, the only solutions for grid reinforcement were transmission lines and underground cables. Today much more technologies are or become available. The rising environmental concerns and the difficulties of obtaining right-of-way show that an assessment of(More)