• Amit Saraswat, Ashish Saini and Ajay Kumar Saxena, “A Novel Multi-Zone Reactive Power Market Settlement Model: A Pareto-Optimization Approach”, Energy, Elsevier. Available Online at: http://dx.doi.org/10.1016/j.energy.2012.12.009 (In Press) • Ashish Saini and Amit Saraswat, “Multi-Objective Day-Ahead Localized Reactive Power Market Clearing Model using HFMOEA”, Int. J. of Electrical Power & E...

In this paper a novel approach for sequential bidding on day-ahead auction markets for spot energy and power systems reserve is presented. For the spot market a relatively simple method is considered as a competitive market is assumed. For the reserve market one bidder is assumed to behave strategically and the behavior of the competitors is summarized in a probability distribution of the marke...

With trend of globalization in the international financial market, a more intimate relationship of capital flows is being formed day by day in capital market. Thus, it is important to understand the relationship of individual country with others in the international stock markets. The main purpose of this study is to explore the relationship of Stock Indices among China, US, and Japan. The stud...

Electricity price forecasting is becoming more important in everyday business of power utilities. Good forecasting models can increase effectiveness of producers and buyers playing roles in electricity market. Price is also a very important element in investment planning process. This paper presents a forecasting technique to model day-ahead spot price using well known ARIMA model to analyze an...

In this paper, considering real time wind power uncertainties, the strategic behaviors of wind power producers adopting two different bidding modes in day-ahead electricity market is modeled and experimentally compared. These two different bidding modes only provide a wind power output plan and a bidding curve consisting of bidding price and power output, respectively. On the one hand, to signi...

This paper is about electricity market operation when looking from the wind power producers’ point of view. The focus in on market time horizons: how many hours there is between the closing and delivering the bids. The case is for the Nordic countries, the Nordpool electricity market and the Danish wind power production. Real data from year 2001 was used to study the benefits of a more flexible...

Positions and views expressed in this study are only those of the author and do not commit CREG in any way. Competition is the instrument favoured by European Institutions to enhance the efficiency of the power sector. Competition requires trading, an activity that can be organised or spontaneously developed by the market. Experience and theory both suggest that some form of organized market is...

Deregulated electricity markets encourage firms to compete, making the development of renewable energy easier. An ordinary parameter of electricity markets is the electricity market price, mainly the day-ahead electricity market price. This paper describes a new approach to forecast day-ahead electricity market prices, whose methodology is divided into two parts as: (i) forecasting of the elect...