European electricity target model

Based on the principle of energy-only markets where the revenue of generators depends on the price of energy sold, and zonal markets are coupled so that the lowest prices bidsa re accepted up to point where netwrok congestioncongestion Whenever a particular element on the transmission or distribution network reaches its limit and cannot carry any more electricity. Also a situation where trade between two bidding zones cannot be fully accommodated because it would significantly affect the physical flows on network elements that cannot accommodate those flows. prohibit further trade.