EnleashedEnleashed
Fix the energy market
Draft

Zonal Marginal Pricing

A wholesale architecture in which electricity is priced within geographic bidding zones, inter-zonal congestion affects market prices and residual internal congestion is managed through redispatch.

Solution section

Principles

The core design assumptions and principles embedded in the architecture.

Principles

The zonal architecture relies on several principles:

  1. Major structural network constraints can be represented through bidding zones.
  2. Electricity can be treated as economically homogeneous within a zone for wholesale settlement.
  3. Cross-zonal transfer capability should be represented directly in market coupling.
  4. Residual internal congestion can be managed separately through redispatch.
  5. Large geographic markets and cross-border trading should be preserved where possible.
  6. Zone definitions can change if structural congestion changes.

The architecture is therefore a compromise between geographic simplicity and physical fidelity.