since the emergence of power market, the target of power generating utilities has mainly switched from cost minimization to revenue maximization. they dispatch their power energy generation units in the uncertain environment of power market. as a result, multi-stage stochastic programming has been applied widely by many power generating agents as a suitable tool for dealing with self-scheduling...

the process of price setting in market for goods &services; along with the phenomenon of price ceiling in production factors market with distort the equilibrium & result in price gap in the economy, which in turn generates excess demand & necessitate the permanent sources of finance (subsidy) for its satisfaction, failing which may lead to budget deficit & embarrass the maintenance of policy ex...

In North America, electricity prices exhibit both temporal and geographic variation—the later exists due to regional demand differences, transmission inefficiencies and generation diversity. Using historical market data, we characterize the variation and argue that existing distributed systems should be able to exploit it for significant economic gains. We consider pricing in cloud computing sy...

Since the emergence of power market, the target of power generating utilities has mainly switched from cost minimization to revenue maximization. They dispatch their power energy generation units in the uncertain environment of power market. As a result, multi-stage stochastic programming has been applied widely by many power generating agents as a suitable tool for dealing with self-scheduling...

abstract: enviromental concerns, improvements in renewable energy technologies, governmental incentives for the use of these resources, and increased t&d; costs, are the main factors driving the energy sector into a new era, where considerable portions of electrical demand will be met through widespread installation of distributed energy resources (ders). the virtual power plant (vpp) is a dece...

Globalization of energy market in GCC countries is deepening not only through free-flowing international trade but also through foreign investment, market-driven domestic economies and industrialization. GCC nations are transforming their energy industry and market around the world which is promising their economic efficiency and technology development. Nevertheless, this open energy market acr...

Traditional management of electricity portfolios is focused on the day-ahead market and futures of longer maturity. Market participants use these markets to trade any excess production or consumption in their portfolio and balance their total position. Within limits, market participants can also resort to the balancing energy market to close their positions. The energy transactions on the balan...

This paper outlines the fundamental features of the PJM day-ahead energy market and real-time energy market. The Day-ahead market is based on a voluntary least-cost security constrained unit commitment and dispatch with several fundamental design features that ensure the market is robust and competitive. This market offers market participants the option to lock in energy and transportation char...