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A major restructuring of electricity markets takes place worldwide, pursuing maximum economic efficiency. In most modern electricity markets, including the widely adapted Locational Marginal Price (LMP) market, efficiency is only guaranteed under the ...
Lazaros Exizidis+5 more
semanticscholar +1 more source
Due to the development of China’s electricity spot market, the peak-shifting operation modes of energy storage devices (ESD) are not able to adapt to real-time fluctuating electricity prices. The settlement mode of the spot market aggravates the negative
Ting Lu, Weige Zhang, Xiaowei Ding
doaj +1 more source
A Comparison of Electricity Market Designs in Networks [PDF]
In the real world two classes of market designs are implemented to trade electricity in transmission constrained networks. Analytical results show that in two node networks integrated market designs reduce the ability of electricity generators to ...
Ehrenmann, A., Neuhoff, Karsten
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Abstract Twenty-five years ago, the electricity industry was largely made up of vertically integrated monopolies. Smaller utilities without their own generation bought their power under contract from a larger firm, or simply paid the tariff that the generator set each year for its power sales. When the utilities with generation wished to
openaire +4 more sources
Smart grid has evolved into a viable platform for participants of electricity market to effectively regulate their bidding strategies based on demand-side management (DSM) models ascribed to its immense technological advancements in recent years ...
A. Pourdaryaei+5 more
semanticscholar +1 more source
At the moment of writing, in Italy, there is an ongoing pandemic of coronavirus disease 2019 (COVID-19), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2).
E. Ghiani+3 more
semanticscholar +1 more source
Competition has been introduced in the electricity markets with the goal of reducing prices and improving efficiency. The basic idea which stays behind this choice is that, in competitive markets, a greater quantity of the good is exchanged at a lower ...
Bompard, Ettore+2 more
core +2 more sources
Capacity Market Mechanism Design Under Electricity Market Mechanism in China
Starting from the necessity of ensuring the generation capacity adequacy of the power system, this paper studies the system and mechanism to ensure the reliable generation capacity of the power system, and puts forward the design method of the capacity ...
Qixing SUN+5 more
doaj +1 more source
The increasing adoption of distributed energy resources (DERs) and smart grid technologies (SGTs) by end-user retail customers is changing significantly both technical and economic operations in the distribution grid.
J. D. do Prado+3 more
semanticscholar +1 more source
Electricity Market Empowered by Artificial Intelligence: A Platform Approach
Artificial intelligence (AI) techniques and algorithms are increasingly being utilized in energy and renewable research to tackle various engineering problems.
Yueqiang Xu+3 more
semanticscholar +1 more source