A new operating paradigm is still needed for the power industry in order to achieve a workable deregulated market. The two main proposals, namely the Bilateral and the Poolco models, even though their original intents were to promote efficiency in a deregulated industry, in order to be workable need a powerful centralized organization. They consequently end up operating in the same way as the r...

1 Recent work has shown that a firm’s plural sourcing strategy, which determines how much it chooses to make versus how much it chooses to buy, requires consideration of the complementarities and constraints that affect the differential advantages of making and buying. Elaborating on this perspective, we theorize how (mis)fit between a firm’s plural sourcing strategy of simultaneously making an...

In this paper, we present MARKETECTURE, an agent-based, microeconomic, scalable model for studying deregulated power markets. Features that distinguish it from previously studied models include: the ability to generate individualistic, demographics based, elastic demand profiles; a highly configurable system that supports different matching algorithms for buyers and sellers, different market cl...

The solution of single-objective unit commitment problems for generation companies participating in deregulated markets may not directly be implementable mainly because of neglecting some conflicting secondary objectives arising from policy-making at internal/external environment. Benefiting an efficient multi-objective approach to improve the applicability of price-based unit commitment soluti...

In the present deregulated electricity market, power system congestion is main complication that an independent operator (ISO) faces on a regular basis. Transmission line trigger serious problems for smooth functioning in restructured causing increase cost of transmission hence affecting market efficiency. Thus, it utmost importance investigation various techniques order to relieve network. Gen...

This paper proposes a model-based predictive control strategy based on mixed-integer linear programming for photovoltaic power plant with battery energy storage. The objective is to maximize the revenues from delivered both panels and batteries grid in deregulated electricity market. For each interval, proposed algorithm incorporates information solar radiation, market prices, state of charge d...

Chile, Colombia and Mexico have long been at the heart of neo-liberal experimentation cybertarian fantasy. The former has denuded their ability to meet needs citizenry in general, latter provide a democratic media. contemporary pandemic put these deregulated, privatized economies under particular strain – market solutions social problems proven dramatically, drastically, predictably inefficient...

The changeable nature of renewable sources creates difficulties in system security and stability. Therefore, it is necessary to study risk several power scenarios. In a wind-integrated deregulated network, the wind farm needs submit bid for its power-generating quantities minimum one day ahead operation. submits data based on expected speed (EWS). If any mismatch occurs between real (RWS) speed...

David Hurlbut, Keith Rogas, and Shmuel Oren David Hurlbut is Senior Economist at the Market Oversight Division of the Public Utility Commission of Texas in Austin. His duties involve monitoring activity in Texas’ deregulated wholesale power market, investigating anticompetitive practices and market abuses, and reviewing rules governing the wholesale power market. He holds a doctorate from the L...