The restructured market for electricity in the UK has experienced a systematic pattern of price spikes associated with the use of market power by the two dominant generators. Partly in response to this problem, the share of capacity owned by any individual generator after restructuring was limited in Victoria, Australia. As a result, a much more competitive market resulted with prices substanti...

a r t i c l e i n f o Keywords: Electricity market integration in Europe Market coupling Time-varying price convergence Fractional cointegration This study extends existing literature on the assessment of electricity market integration in Europe, by developing and testing hypotheses on the convergence of electricity wholesale prices, and adopting a time-varying fractional cointegration analysis...

This study investigates the energy and cost performance of hybrid renewable ground source heat pump (GSHP) and natural gas fueled fuel cell (FC) microgeneration systems serving multiple residential and small office buildings in Ottawa (Canada) and Incheon (South Korea). The study is performed by simulations in TRNSYS environment. The performance of the microgeneration system is compared to a GS...

This paper provides detailed information on Team Poland’s approach in the electricity price forecasting track of GEFCom2014. A new hybrid model is proposed, consisting of four major blocks: point forecasting, pre-filtering, quantile regression modeling and post-processing. This universal model structure enables independent development of a single block, without affecting performance of the rema...

-A Smart Grid has a two-way digital communication system and it encourages customers to actively participate in different types of Demand Response (DR) programs. In the Smart Grid market, both the supplier and broker agent earn profit while distributing the electrical energy. They have to balance the supply and demand during the distribution of energy. They also participate in energy trading to...

1 Market-based transmission investments can play a role in competitive electricity markets. A short-term electricity market coordinated by a system operator provides a foundation for a competitive electricity market. In this setting, locational price differences define the opportunity cost of transmission. The potential to arbitrage these same price differences provides a market incentive for t...

In a competitive electricity market traditional demand side management options offering customers curtailable service at reduced rates are replaced by voluntary customer responses to electricity spot prices. In this new environment, customers wishing to ensure a fixed electricity price while taking advantage of their flexibility to curtail loads can do so by purchasing a forward electricity con...

0306-2619/$ see front matter 2012 Elsevier Ltd. A doi:10.1016/j.apenergy.2012.01.035 ⇑ Corresponding author at: Institute for Low Carbo China Electric Power University, Beijing, China. Tel.: + E-mail addresses: [email protected] (X. Z (T.P. Lyon). China’s electricity industry has experienced two major stages of development: from 1949 to 1984, the industry was treated as a subordinate sect...