Analysis of electricity market rules and their effects on strategic behavior in a noncongestive grid

2000 ◽  
Vol 15 (1) ◽  
pp. 157-162 ◽  
Author(s):  
K. Seeley ◽  
J. Lawarree ◽  
C.-C. Liu
Keyword(s):  
Electricity Market ◽  
Strategic Behavior ◽  
Market Rules

Research on Electric Power Distribution Method

2013 ◽  
Vol 373-375 ◽  
pp. 2288-2291
Author(s):  
Hua Ren Zhou ◽  
Yue Hong Qian ◽  
Ze Qing Yao ◽  
Zi Sen Mao
Keyword(s):  
Electric Power ◽  
Electricity Market ◽  
Power Distribution ◽  
Unit Price ◽  
Search Model ◽  
Ramp Rate ◽  
Optimal Search ◽  
Distribution Method ◽  
Electric Power Distribution ◽  
Market Rules

According to the unit price, the section capacity section and the data of ramp rate, in accordance with the electricity market rules, the pushing method and optimal search model of the next time the output of the unit distribution plan are established.

scholarly journals Integrated European intra-day electricity market: Rules, modeling and analysis

2019 ◽  
Vol 238 ◽  
pp. 258-273 ◽  
Author(s):  
Hong Lam Le ◽  
Valentin Ilea ◽  
Cristian Bovo
Keyword(s):  
Electricity Market ◽  
Modeling And Analysis ◽  
Market Rules

scholarly journals Exploring the Profitability and Efficiency of Variable Renewable Energy in Spot Electricity Market: Uncovering the Locational Price Disadvantages

Energies ◽  
2019 ◽  
Vol 12 (14) ◽  
pp. 2820
Author(s):  
Ruhang Xu ◽  
Zhilin Liu ◽  
Zhuangzhuang Yu
Keyword(s):  
Renewable Energy ◽  
Electricity Market ◽  
Power Flow ◽  
Optimal Power Flow ◽  
Strategic Behavior ◽  
Market Model ◽  
Ancillary Service ◽  
Service Levels ◽  
Locational Marginal Price ◽  
Strategic Market

While variable renewable energy (VRE) has been developed for decades, VRE market participation is developing relatively slowly, despite the potential economic efficiency it may bring. This paper tries to specify the efficiency of VRE in a deregulated pool-based electricity market. Based on standard pool-based market design, this paper built a direct current optimal power flow (DC-OPF) based simplified 2-settlement spot electricity market model conjugating electricity and ancillary service clearing. To address the outcomes of the imperfect market in the real world, this paper studied the consequences brought by agents’ learning and strategic behaviors. Simulations under different ancillary service levels and reliability cost levels are carried out. The results show that VRE may be unprofitable in the market, especially when learning and strategic behavior is considered. Learning and strategic market behavior will also hamper the role of VRE as a “better” energy source. This paper shows and proves a locational marginal price (LMP) disadvantage phenomenon, which will lead to low profitability of VRE. Three major suggestions are given based on the results.

Generation flexibility in ramp rates: Strategic behavior and lessons for electricity market design

2017 ◽  
Vol 261 (2) ◽  
pp. 755-771 ◽  
Author(s):  
Ekaterina Moiseeva ◽  
Sonja Wogrin ◽  
Mohammad Reza Hesamzadeh
Keyword(s):  
Electricity Market ◽  
Strategic Behavior ◽  
Market Design

scholarly journals Determining the Interruptible Load with Strategic Behavior in a Competitive Electricity Market

Energies ◽  
2014 ◽  
Vol 8 (1) ◽  
pp. 257-277 ◽  
Author(s):  
Tae Yoo ◽  
Hyeongon Park ◽  
Jae-Kun Lyu ◽  
Jong-Keun Park
Keyword(s):  
Electricity Market ◽  
Strategic Behavior ◽  
Interruptible Load
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