Reinforcement Learning of Heuristic EV Fleet Charging in a Day-Ahead Electricity Market

Application of a New Hybrid Method for Day-Ahead Energy Price Forecasting in Iranian Electricity Market

Abstract- In a typical competitive electricity market, a large number of short-term and long-term contracts are set on basis of energy price by an Independent System Operator (ISO). Under such circumstances, accurate electricity price forecasting can play a significant role in improving the more reasonable bidding strategies adopted by the electricity market participants. So, they cannot only r...

Agent-Based Modeling of Day-Ahead Real Time Pricing in a Pool-Based Electricity Market

In this paper, an agent-based structure of the electricity retail market is presented based on which day-ahead (DA) energy procurement for customers is modeled. Here, we focus on operation of only one Retail Energy Provider (REP) agent who purchases energy from DA pool-based wholesale market and offers DA real time tariffs to a group of its customers. As a model of customer response to the offe...

A Stochastic Programming Model for a Day-Ahead Electricity Market: a Heuristic Methodology and Pricing

Wind-Thermal Production in a Day-Ahead Electricity Market

This paper presents a stochastic mixed-integer linear programming approach for solving the self-scheduling problem of a price-taker thermal and wind power producer taking part in a pool-based electricity market. Uncertainty on electricity price and wind power is considered through a set of scenarios. Numerical results from a case study are presented to illustrate the performance of the proposed...

Risk premiums in the German day - ahead electricity market

This paper conducts an empirical analysis of risk premiums in the German day-ahead Electricity Wholesale Market. We compare hourly price data of the European Energy Exchange (EEX) auction and of the continuous over-the-counter (OTC) market taking place prior to EEX. As OTC price data are not publicly available, data provided by the Energy Exchange Austria (EXAA) have been used as a snapshot of ...