Economic Principles of Cross-Border Power Flow Control
DOI:
https://doi.org/10.25729/esr.2025.01.0005Keywords:
Power system, interconnections, electricity, electricity marketAbstract
The paper explores the economic principles underlying the control of cross-border power flows in interconnected electricity markets. Emphasizing the dual role of national control centers, it presents a framework where both engineering constraints and market dynamics guide operational decisions. Using real-world data from the Azerbaijani power system, the study analyzes supply and demand curves, equilibrium pricing, and the cost-effectiveness of domestic versus imported electricity under various load conditions. A practical methodology is proposed for integrating incremental cost analysis into supervisory control systems, enhancing real-time decision-making capabilities. The findings offer valuable insights into optimizing capacity allocation and ensuring economically viable power exchanges in modern energy systems.
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