demand response (dr) has many beneficiaries in the electricity market. there are independent players who are interested in dr, which include: transmission system owners, distributors, retailers, and aggregators. in this paper dr is introduced as a tradable commodity that can be exchanged between dr buyers and sellers in a pool-based market which is called demand response exchange (drx). drx ope...

renewable energy sources (res), especially wind power plants, have high priority of promotion in the energy policies worldwide. an increasing share of res and distributed generation (dg), should, as has been assumed, provide improvement in reliability of electricity delivery to the customers. paper presented here concentrates on electricity storage systems technologies and applications pinpoint...

Smart Grids are result of utilizing novel technologies such as distributed energy resources, and communication technologies in power system to compensate some of its defects. Various power resources provide some benefits for operation domain however, power system operator should use a powerful methodology to manage them. Renewable resources and load add uncertainty to the problem. So, independe...

Restructuring in the power industry is followed by splitting different parts and creating a competition between purchasing and selling sections. As a consequence, through an active participation in the energy market, the service provider companies and large consumers create a context for overcoming the problems resulted from lack of demand side participation in the market. The most prominent ch...

Ten years ago the US Congress authorized the creation of the Strategic Petroleum Reserve (SPR) with the intent of bolstering energy security. Today the Reserve stands at over 450 million barrels of oil--a large and potentially powerful policy instrument. The questions surrounding the Reserve, however, are many, complex, and largely unresolved. This paper examines these questions, in the process...

Electricity market mechanisms designed to steer sustainable generation of electricity play an important role for the energy transition intended to mitigate climate change. One of the major problems is to complement volatile renewable energy sources by operationally flexible capacity reserves. In this paper a proposal is given to determine prices on electricity markets taking into account the op...