Cross-border transmission infrastructure is pivotal in balancing modern power systems, but requires fair allocation of cross-border transmission capacity, possibly via fair pricing thereof. This requirement can be implemented using multi-stage market mechanisms for Physical Transmission Rights (PTRs). We analyse the related dynamics, and show prisoner's dilemma arises. Understanding these dynamics enables the development of novel market-settlement mechanisms to enhance market efficiency and incentivize renewable energy use.

翻译：跨境输电基础设施在平衡现代电力系统中至关重要，但需要通过公平定价等方式合理分配跨境输电容量。这一要求可通过物理输电权（PTRs）的多阶段市场机制实现。我们分析了相关动态，揭示了囚徒困境现象的产生。理解这些动态有助于开发新型市场结算机制，从而提升市场效率并激励可再生能源的使用。