State-of-the-art and prospects for peer-to-peer transaction-based energy system

O Jogunola, A Ikpehai, K Anoh, B Adebisi… - Energies, 2017 - mdpi.com
Transaction-based energy (TE) management and control has become an increasingly
relevant topic, attracting considerable attention from industry and the research community …

Design of efficient generation markets

R Baldick, U Helman, BF Hobbs… - Proceedings of the …, 2005 - ieeexplore.ieee.org
The design of spot markets for generation services, such as energy, regulation, and
operating reserves, and longer term markets for capacity, remain in evolution in many …

[HTML][HTML] Impact of energy communities on the European electricity and heating system decarbonization pathway: Comparing local and global flexibility responses

S Backe, S Zwickl-Bernhard, D Schwabeneder, H Auer… - Applied Energy, 2022 - Elsevier
This paper investigates how the European electricity and heating system is impacted when
medium-scale energy communities (ECs) are developed widely across Europe. We study …

Market power in electricity supply

AK David, F Wen - IEEE Transactions on energy conversion, 2001 - ieeexplore.ieee.org
Restructuring of the power industry worldwide has brought the issue of market
competitiveness to the forefront. While" vertical" market power has been limited by …

Risk assessment in energy trading

R Dahlgren, CC Liu, J Lawarree - IEEE Transactions on Power …, 2003 - ieeexplore.ieee.org
This paper provides a state-of-the-art summary of risk assessment in energy trading.
Techniques from financial engineering are needed by electric energy companies to manage …

Design and operation of the locational marginal prices-based electricity markets

E Litvinov - IET generation, transmission & distribution, 2010 - IET
Locational marginal prices (LMP)-based electricity markets are implemented in different
countries around the world and are dominant in the United States. Even after ten years of the …

Electric vehicle participated electricity market model considering flexible ramping product provisions

X Zhang, J Hu, H Wang, G Wang… - IEEE Transactions on …, 2020 - ieeexplore.ieee.org
This article studies electric vehicle (EV) potential to participate in the energy market and
provide flexible ramping products (FRPs). EV traffic flows are predicted by the deep belief …

Economic inefficiencies of cost-based electricity market designs

FD Munoz, S Wogrin, SS Oren… - The Energy …, 2018 - journals.sagepub.com
Some restructured power systems rely on audited cost information instead of competitive
bids for the dispatch and pricing of electricity in real time, particularly in hydro systems in …

Energy and reserve market designs with explicit consideration to lost opportunity costs

D Gan, E Litvinov - IEEE Transactions on Power Systems, 2003 - ieeexplore.ieee.org
The primary goal of this work is to investigate the basic energy and reserve dispatch
optimization (cooptimization) in the setting of a pool-based market. Of particular interest is …

Contracting strategies for renewable generators: A hybrid stochastic and robust optimization approach

B Fanzeres, A Street, LA Barroso - IEEE Transactions on Power …, 2014 - ieeexplore.ieee.org
We present a new methodology to support an energy trading company (ETC) to devise
contracting strategies under an optimal risk-averse renewable portfolio. The uncertainty in …