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Electricity energy is an indispendable part of life with continuously improving technology. Growth of the sector is unavoidable due to the increasing need of electricity.
Hakan Çelıkkol, Fatma Köse
doaj +6 more sources
Electricity market design [PDF]
Electricity markets are designed to provide reliable electricity at least cost to consumers. This paper describes how the best designs satisfy the twin goals of short-run efficiency—making the best use of existing resources—and long-run efficiency ...
P. Cramton
semanticscholar +5 more sources
The role of the electricity market management committee in the electricity market
With the continuous advancement of China’s electricity market construction, the market has increasingly become the main means of resource optimization and allocation.
Chenghui Tang, Fan Zhang
semanticscholar +3 more sources
Market Equilibrium and Impact of Market Mechanism Parameters on the Electricity Price in Yunnan’s Electricity Market [PDF]
In this paper, a two-dimensional Cournot model is proposed to study generation companies’ (GENCO’s) strategic quantity-setting behaviors in the newly established Yunnan’s electricity market.
Chuntian Cheng+3 more
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Markets for Electricity in Europe [PDF]
Competition in the electricity industry requires properly functioning wholesale markets. This paper discusses the better-established electricity markets of Europe, in the Nordic countries, England and Wales, and Spain. The different market designs can all produce efficient outcomes, if not hindered by market power.
Richard Green
openalex +5 more sources
Reliability and Competitive Electricity Markets [PDF]
We derive the optimal prices and investment program for an electric power system when there are price‐insensitive retail consumers served by load serving entities that can choose any level of rationing contingent on real‐time prices. We then examine the assumptions required for competitive electricity markets to achieve this optimal price and ...
Jean Tirole+3 more
openaire +11 more sources
Capacity Market Design: Motivation and Challenges in Alberta’s Electricity Market [PDF]
Alberta’s electricity market is currently undergoing a period of substantial transition. The province should proceed with caution as it switches from an energy-only electricity market to a capacity market by 2021.
David Brown
doaj +1 more source
[Introduction] With the emphasis and promotion of the electricity market system construction by the government, the electricity market is constantly growing towards a deeper and more unified direction.
Zhixiang ZHANG+4 more
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An Intraday Market Design for Colombia’s Energy Transition
The massive promotion of intermittent renewable resources as a decarbonization strategy for economies has led to the need to reconsider current market designs in order to facilitate the integration of this kind of production technology.
Edwar A. Rendon-Cardona+2 more
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A Chance-Constrained Stochastic Electricity Market [PDF]
Efficiently accommodating uncertain renewable resources in wholesale electricity markets is among the foremost priorities of market regulators in the US, UK and EU nations.
Y. Dvorkin
semanticscholar +1 more source