Simulating price-aware electricity storage without linear optimisation

Price - based unit commitment electricity storage arbitrage with piecewise linear price - effects

User-Aware Electricity Price Optimization for the Competitive Market

Demand response mechanisms and load control in the electricity market represent an important area of research at the international level: the trend towards competition and market liberalization has led to the development of methodologies and tools to support energy providers. Demand side management helps energy suppliers to reduce the peak demand and remodel load profiles. This work is intended...

Simulating a Competitive Electricity Market

The introduction of competition in the electricity sector around the globe is aimed at improving efficiency in production, transmission and distribution of electrical energy. Privatization and deregulation in this sector are also intended to attract players and investments in the markets as well as to ensure competitive electricity price. This paper presents the use of an agent-based simulation...

Simulating price patterns for tradable green certificates to promote electricity generation from wind

This article uses computer simulation to anticipate the price dynamics in a market for Tradable Green Certificates (TGCs). These markets have been used in Europe to promote generation of electricity from renewable resources like wind. Similar markets have been proposed in the United States of America (USA) where the certificates are called Renewable Energy Credits (RECs). The certificates are i...

Managing electricity market price risk

This paper introduces an application of financial risk management methods to the deregulated electricity markets. A framework for the Monte Carlo performance simulation of a power portfolio is presented. The optimal portfolio selection problem is addressed and a numerical method is implemented. Numerical results of simulation and optimization are presented in the Nordic electricity market. The ...