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...

In this paper‎, ‎the impacts of premium bounds of put option contracts on the operation of put option and day-ahead electricity markets are studied‎. ‎To this end‎, ‎first a comprehensive equilibrium model for a joint put option and day-ahead markets is presented‎. ‎Interaction between put option and day-ahead markets‎, ‎uncertainty in fuel price, impact of premium bounds, and elasticity of con...

The increasing penetration of variable energy resources in modern electric power systems requires additional flexibility in ancillary service provision to maintain reliable and efficient grid operations. However, full recognition and appropriate compensation of this flexibility is difficult to ensure within current power market designs due to rigidities in service definitions and requirements. ...

Successful privatization in other sectors leads to a restructuring the power sector. The same practice has been adopted electrical industry with deregulated electricity market (EM). This enables competition among generating companies (Genco’s) for maximizing their profit and it plays central role. With this aim, each Genco gives higher bid that may result risk of losing opportunity get selected...

Pumped storage hydro units (PSHU) can provide flexibility to power systems. This becomes particularly valuable in recent years with the increasing shares of intermittent renewable resources. However, due emphasis on thermal generation current market practices, from PSHUs has not been fully explored and utilized. paper proposes a configuration based pumped (PSH) model for day-ahead market, order...

The deregulation of electricity markets has driven the need to optimise market bidding strategies, e.g. when and how much buy or sell, in order gain an economic advantage a competitive environment. present work aims determine optimal day-ahead curves for microgrid comprised battery, power generator, photovoltaic (PV) system load from commercial building. Existing models heuristically fix price ...