The Hidden System Costs of Wind Generation in a Deregulated Electricity Market

The Dynamics of Market Power with Deregulated Electricity Generation Supplies

Deregulated wholesale markets for bulk electricity supplies are likely to deviate from the perfectly competitive ideal in many areas where transmission losses, costs and capacity constraints isolate customers from the effective reach of many generators and limit the number of competitors. In those regions where a few suppliers or marketing agents dominate the market, prices may rise wellabove t...

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

MABS for a Deregulated Electricity Market

In this extended abstract we motivate and briefly describe a MABS (multi-agent based simulation) approach to the electricity market, aimed at simulating the interactions of agents and to study the macro-scale effects of those interactions. We describe our preliminary implementation of an artificial market, named TEMMAS (The Electricity Market Multi-Agent Simulator), populated with (virtual) age...

Towards Standardization of Deregulated Electricity Market Communications

The separation of vertically integrated electric power utility in Nigeria into independent entities has opened up the requirement for information and data exchange among the new entities not only to guarantee the security and reliability of the power network, but also for accounting purposes. However, information exchange in highly heterogeneous computing environment poses a major difficulty du...

Assessment of Market Power in Deregulated Electricity Market with Congestion

Restructuring of electrical market worldwide has brought the issue of market competition to the forefront. This new perspective has given rise to competition with the goal of price fall and technological innovation in the sector. In the last few years a great deal of attention is given to the possibility of a group of producers (agents) exercising market power by means of congestion effects. Th...