Decentralized Participation of Flexible Demand in Electricity Markets—Part I: Market Mechanism

Decentralized Bribery and Market Participation

I propose a bribery model with decentralized bureaucratic decisionmaking. There are multiple stable equilibria: high levels of bribery reduce the economy’s productivity due to suppression of small businesses, and reduces the total graft even though it might increase the individual bribe amount. The coordinated deviation to a better participation equilibrium is impossible due to decentralization...

Demand response in liberalized electricity markets: Analysis of aggregated load participation in the German balancing mechanism

Power systems are in the midst of radical changes as a result of steadily rising demand, advanced technology integration and increasing penetration levels of renewable energy sources. Such developments have brought about increasing recognition of consumer behavior and the provision of DR (demand response). The aggregation of small loads as a DR flexibility resource allows end-users to participa...

Flexible Demand for Electricity and Power

Market Equilibrium and Impact of Market Mechanism Parameters on the Electricity Price in Yunnan’s Electricity Market

Abstract: 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. A hybrid pricing mechanism is introduced to Yunnan’s electricity market with the aim to stimulate electricity demand. Market equilibrium is obtained by iteratively solving each GENCO’s profit maxi...

Flexible Scheduling of Active Distribution Networks for Market Participation with Considering DGs Availability

The availability of sufficient and economic online capacity to support the network while encountering disturbances and failures leading to supply and demand imbalance has a crucial role in today distribution networks with high share of Distributed Energy Resources (DERs), especially Renewable Energy Resources (RESs). This paper proposes a two-stage decision making framework for the Distribution...