Local Electricity Markets

Local Electricity Markets

Author: Tiago Pinto

Publisher: Academic Press

Published: 2021-07-03

Total Pages: 474

ISBN-13: 0128226668

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Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses current proposed local market models and lessons from their limited practical implementation. The work discusses relevant decision and informatics tools considered important in the implementation of local electricity markets. It also includes a review on management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure. It discusses the current regulatory frameworks available for local electricity market development internationally. The work concludes with a discussion of barriers and opportunities for local electricity markets in the future. - Delineates key components shaping the design and implementation of local electricity market structure - Provides a coherent view on the enabling infrastructures and technologies that underpin local market expansion - Explores the current regulatory environment for local electricity markets drawn from a global panel of contributors - Exposes future paths toward widespread implementation of local electricity markets using an empirical review of barriers and opportunities - Reviews relevant local electricity market case studies, pilots and demonstrators already deployed and under implementation


Intelligent Control in Energy Systems

Intelligent Control in Energy Systems

Author: Anastasios Dounis

Publisher: MDPI

Published: 2019-08-26

Total Pages: 508

ISBN-13: 3039214152

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The editors of this Special Issue titled “Intelligent Control in Energy Systems” have attempted to create a book containing original technical articles addressing various elements of intelligent control in energy systems. In response to our call for papers, we received 60 submissions. Of those submissions, 27 were published and 33 were rejected. In this book, we offer the 27 accepted technical articles as well as one editorial. Authors from 15 countries (China, Netherlands, Spain, Tunisia, United Sates of America, Korea, Brazil, Egypt, Denmark, Indonesia, Oman, Canada, Algeria, Mexico, and the Czech Republic) elaborate on several aspects of intelligent control in energy systems. The book covers a broad range of topics including fuzzy PID in automotive fuel cell and MPPT tracking, neural networks for fuel cell control and dynamic optimization of energy management, adaptive control on power systems, hierarchical Petri Nets in microgrid management, model predictive control for electric vehicle battery and frequency regulation in HVAC systems, deep learning for power consumption forecasting, decision trees for wind systems, risk analysis for demand side management, finite state automata for HVAC control, robust μ-synthesis for microgrids, and neuro-fuzzy systems in energy storage.


Market Operation for Reactive Power Ancillary Service

Market Operation for Reactive Power Ancillary Service

Author: Devika Jay

Publisher: Springer Nature

Published: 2024-01-03

Total Pages: 136

ISBN-13: 9819969522

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This book provides a framework suitable for the design and analysis of market mechanisms suitable for reactive power ancillary service. The book focuses on the formulation of market mechanisms capable of handling the localized nature of reactive power. The book presents tools and methodologies to design a suitable market structure capable of handling the technical challenges associated with the reactive power market like localized nature or reactive power, voltage support requirement, reactive power reserve requirement, and coupling between active reactive power markets. The book also presents techniques suitable for analyzing the market efficiency of different market mechanisms for reactive power ancillary service. The key topics discussed in this book include the relevance and challenges of reactive power ancillary service; the design of market mechanisms; network partitioning techniques to handle the localized nature of reactive power; and analysis of market mechanisms for market efficiency. This book is helpful for researchers and graduate students to know about recent advances in this area. Practitioners find the book helpful for understanding how technological advances can be put into practice and learning from case studies that bring out practical challenges.


Market Operations in Electric Power Systems

Market Operations in Electric Power Systems

Author: Mohammad Shahidehpour

Publisher: John Wiley & Sons

Published: 2003-05-28

Total Pages: 552

ISBN-13: 0471463949

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An essential overview of post-deregulation market operations inelectrical power systems Until recently the U.S. electricity industry was dominated byvertically integrated utilities. It is now evolving into adistributive and competitive market driven by market forces andincreased competition. With electricity amounting to a $200 billionper year market in the United States, the implications of thisrestructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components ofrestructuring? How is the new structure different from the oldmonopoly? How are the participants strategizing their options tomaximize their revenues? What are the market risks and how are theyevaluated? How are interchange transactions analyzed and approved?Starting with a background sketch of the industry, this hands-onreference provides insights into the new trends in power systemsoperation and control, and highlights advanced issues in thefield. Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses: * Market structure and operation of electric power systems * Load and price forecasting and arbitrage * Price-based unit commitment and security constrained unitcommitment * Market power analysis and game theory applications * Ancillary services auction market design * Transmission pricing and congestion Using real-world case studies, this timely survey offers engineers,consultants, researchers, financial managers, university professorsand students, and other professionals in the industry acomprehensive review of electricity restructuring and how itsradical effects will shape the market.


A European Market for Electricity?

A European Market for Electricity?

Author: Lars Bergman

Publisher: Centre for Economic Policy Research

Published: 1999

Total Pages: 324

ISBN-13: 9781898128427

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The second in CEPR's annual Monitoring European Deregulation (MED) series, this report explores the economic and regulatory aspects of a single European market for electricity and provides a basis for policy choices both at national and EU levels. The report combines analyses of key issues in electricity market integration and liberalization with evaluations of practical experiences in selected European countries: France, Germany, Norway, Spain, Sweden, and the UK. Key issues include: to what extent competition in national electricity markets is a necessary requirement for the integration of these markets, and the design of national electricity markets in which competition in generation and supply is allowed. Lars Bergman is at the Stockholm School of Economics; Gert Brunekreeft is at Institut fuer Verkehrswissenschaft, University of Freiburg; Chris Doyle is at the London Business School; David M G Newbery and Michael Pollitt are at Cambridge University; Pierre Regibeau is at Institut d'Analisi Economica CSIC, Bellaterra; and Nils von der Fehr is at Nuffield College, Oxford.


A New Swing-Contract Design for Wholesale Power Markets

A New Swing-Contract Design for Wholesale Power Markets

Author:

Publisher: John Wiley & Sons

Published: 2020-12-12

Total Pages: 288

ISBN-13: 1119670144

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Provides comprehensive information on swing contracts for flexible reserve provision in wholesale power markets This book promotes a linked swing-contract market design for centrally-managed wholesale power markets to facilitate increased reliance on renewable energy resources and demand-side participation. The proposed swing contracts are firm or option two-part pricing contracts permitting resources to offer the future availability of dispatchable power paths (reserve) with broad types of flexibility in their power attributes. A New Swing-Contract Design for Wholesale Power Markets begins with a brief introduction to the subject, followed by two chapters that cover: general goals for wholesale power market design; history, operations, and conceptual concerns for current U.S. RTO/ISO-managed wholesale power markets; and the relationship of the present study to previous swing-contract research. The next eight chapters cover: a general swing-contract formulation for centrally-managed wholesale power markets; illustrative swing-contract reserve offers; inclusion of reserve offers with price swing; inclusion of price-sensitive reserve bids; and extension to a linked collection of swing-contract markets. Operations in current U.S. RTO/ISO-managed markets are reviewed in the following four chapters, and conceptual and practical advantages of the linked swing-contract market design are carefully considered. The book concludes with an examination of two key issues: How might current U.S. RTO/ISO-managed markets transition gradually to a swing-contract form? And how might independent distribution system operators, functioning as linkage entities at transmission and distribution system interfaces, make use of swing contracts to facilitate their participation in wholesale power markets as providers of ancillary services harnessed from distribution-side resources? In summary, this title: Addresses problems with current wholesale electric power markets by developing a new swing-contract market design from concept to practical implementation Provides introductory chapters that explain the general principles motivating the new market design, hence why a new approach is required Develops a new type of swing contract suitable for wholesale power markets with increasing reliance on renewable energy and active demand-side participation A New Swing-Contract Design for Wholesale Power Markets is an ideal book for electric power system professionals and for students specializing in electric power systems.


The Economics of Contracts

The Economics of Contracts

Author: Eric Brousseau

Publisher: Cambridge University Press

Published: 2002-10-17

Total Pages: 604

ISBN-13: 9780521893138

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A 2002 survey of economics of contracts appealing to scholars in economics, management and law.


Nuclear Renaissance

Nuclear Renaissance

Author: William J. Nuttall

Publisher: CRC Press

Published: 2022-06-15

Total Pages: 325

ISBN-13: 1000595021

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Fully updated throughout, with new content on topics including the latest developments in fission and fusion energy, the global financial crisis of 2008/2009, and the Fukushima-Daiichi nuclear accident. Accessible to readers without a formal education in the area Authored by an authority in the field


Energy Sustainability through Retail Electricity Markets

Energy Sustainability through Retail Electricity Markets

Author: John Collins

Publisher: Springer Nature

Published: 2023-12-16

Total Pages: 242

ISBN-13: 303139707X

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The world is moving away from demand-driven electricity markets supplied by centralized generation and distribution of fossil-fuel-produced electricity. Increasing reliance on weather-dependent renewable sources will require a shift toward a supply-driven paradigm, while beneficial electrification, including widespread adoption of electric vehicles, heat pumps, and batteries will offer considerable but widely distributed demand flexibility that can be used to compensate for supply variability. The open-source Power Trading Agent Competition (Power TAC) platform simulates a decentralized future, modeling the high complexity of future retail electricity markets. This book describes a variety of approaches to profitable trading in realistic wholesale and retail electricity markets. It presents actionable insights from extensive exploration of policies and business models for retail electricity markets gained from a decade of Power TAC tournaments, and from research inspired by the Power TAC experience. Featuring contributions from tournament designers, competitors, and scientists combining best practices from computer science and economics and management science, this book is of benefit to academics, researchers, practitioners and policy makers in sustainable energy and wholesale and retail electricity markets.