Market Applications in the Electricity Market of the Russian Federation

A unique specificity of Russian wholesale electricity market is the economic dispatch model based on explicit nonlinear power flow equations underlying the market applications. This paper presents the solution method used for the market applications that is presently employed by the commercial operator and the system operator of the Russian energy system. It is proved to be an adequate and reliable scheduling market technology. Empirical observations on the model properties that impact the rate of convergence and review of the convergence results are presented.