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

Agent-Based Modeling of Day-Ahead Real Time Pricing in a Pool-Based Electricity Market

In this paper, an agent-based structure of the electricity retail market is presented based on which day-ahead (DA) energy procurement for customers is modeled. Here, we focus on operation of only one Retail Energy Provider (REP) agent who purchases energy from DA pool-based wholesale market and offers DA real time tariffs to a group of its customers. As a model of customer response to the offe...

Modeling day–ahead electricity prices

Introducing a production–based approach, we take into account different attitudes and liabilities of market participants to discuss the equilibrium day–ahead prices on electricity. Conditions ensuring the existence of the equilibrium are given and price distribution is considered. We include a discussion of reasons for high price volatility.

A New Formulation of the European Day-Ahead Electricity Market Problem and its Algorithmic Consequences

A new formulation of the optimization problem implementing European market rules for non-convex day-ahead electricity markets is presented, that avoids the use of complementarity constraints to express market equilibrium conditions, and also avoids the introduction of auxiliary binary variables to linearise these constraints. Instead, we rely on strong duality theory for linear or convex quadra...

Participating of Micro-grids in energy and spinning reserve markets – Intra-day market

Due to uncertain nature of wind and photovoltaic power units, the participation of this units in electricity markets is subjected to significant deviation penalties. This issue leads to despondency or even admission of these units in the competitive environment. With regard to this fact that the low deviations are available when predictions are performed in a short-term horizon and also distrib...

Integrating Intermittent Renewable Wind Generation – A Stochastic Multi-Market Electricity Model for the European Electricity Market