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A technical comparison of wholesale electricity markets in North America and Europe

机译：北美和欧洲电力批发市场的技术比较

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摘要

This paper first compares wholesale electricity markets in North America with each other and then those in the Europe among themselves. After these comparisons of the markets in each continent, prevailing market design in North America and emerging market coupling in the Europe are chosen for further discussion. These representative markets of respective continents, as well as Nordic market are mutually compared. The Nordic market is separately identified in theses comparisons as it shares a number of characteristics with both, in addition to having some of its own distinct features. The comparison of markets is divided into four parts that cover generation scheduling, transmission arrangement, bids processing and general aspects. A general comparison of electricity markets in the two continents reveals that they are overwhelmingly different. Although there are exceptions, in general the market in Nordic countries is similar to the emerging market design for the Europe. These two markets are the same when comparing operations of generators and results of bids processing. However, in terms of transmission management the Nordic market mostly resembles the USA model but there is one exception. Finally, the process of bids handling has apparent similarities in all three markets but mathematical details vary.
机译：本文首先比较了北美的批发电力市场，然后比较了欧洲的批发电力市场。在对各大洲的市场进行这些比较之后，选择了北美的主流市场设计和欧洲的新兴市场耦合进行进一步讨论。相互比较了各个大洲的代表性市场以及北欧市场。在这些比较中，北欧市场被单独确定，因为北欧市场除了具有某些独特的特征外，还具有许多共同的特征。市场比较分为四个部分，涵盖发电计划，传输安排，投标处理和一般方面。对这两个大陆的电力市场进行的一般比较显示，它们之间存在巨大的差异。尽管有例外，但北欧国家的市场通常与欧洲的新兴市场设计相似。比较生成器的操作和投标处理的结果时，这两个市场是相同的。但是，就变速箱管理而言，北欧市场大体上类似于美国模式，但有一个例外。最后，投标处理的过程在所有三个市场上都有明显的相似之处，但是数学上的细节有所不同。

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