Xue, Yusheng; Li, Tainran; Yin, Xia; Dong, Zhao Yang; Huang, Jie; Xue, Feng
Besides the transmission congestion reflecting the physical stability of a power system, power market is also constrained by factors like primary energy, emissions, technical support and multi-game. These factors affecting both competition level and efficiency of a power market can be called by a generic term as generalized congestions. The purpose of regulation is to avoid the abuse of market power and reduce the risk in social welfare. However, inappropriate regulation may also degrade the...[Show more]
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