Market Models and Operating Mechanism for Renewable Energy Enabled Indian Electricity Market

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

Electricity Market Models

Market clearing models based on Linear Programming are being adopted in a number of electricity markets in different countries, with New Zealand and Australia being among the pioneers in this respect. This represents an exciting development for OR, worldwide, not only because these models are controlling a sector of vital national importance, but because large sums of money are being traded, vi...

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...

Big Data Techniques For Renewable Energy Market

The problem of accurately predicting the energy production from renewable sources has recently received an increasing attention from both the industrial and the research communities. It presents several challenges, such as facing with the high rate data are provided by sensors, the heterogeneity of the data collected, power plants efficiency, as well as uncontrollable factors, such as weather c...

ADMIRE-REBUS: Modelling the European market for renewable electricity

ADMIRE REBUS is a dynamic simulation of the international market for green electricity. It pays explicit attention to trade barriers, discriminative support policies, risks and other imperfections that are inherent to a market in transition. The model matches national supply curves (based on costs and potentials) with policy-based demand curves in a way that takes into account the discriminativ...