Transmission Pricing & Congestion Management

This lecture covers the methods for transmission pricing and congestion management in power systems, focusing on the redispatching technique, which involves increasing production at certain nodes and decreasing it at others to relieve congestion. It also discusses the concept of Available Transfer Capacity (ATC) and the optimization problem to minimize redispatching costs while respecting line constraints. The instructor explains the impact of bilateral and pool market mechanisms on congestion relief and fairness in transactions, presenting examples and solutions for inter-zone congestion scenarios.