this paper demonstrates a method to how reserve capacity and cost allocation could be determined in a pool-based and disaggregated market model. the method considers both the spinning reserve and interruptible loads as the operating reserve services. in the proposed market, generators and consumers (including participation of interruptible loads) submit offers and bids to the independent system...

the new competitive environment changes the paradigm of power system operation. in the transmission area, open access process provides fair accessibility for all market participants. congestion management is one of the most important side effects of this new process. this paper proposes a new approach for congestion management which is based on both active and reactive re-dispatch of the networ...

Electronic communities can be designed to organize consumers, to pool their purchasing power, and to guide their purchasing decisions. Such commercial electronic communities have the potential to facilitate the creation of novel marketplaces, and even radically change the buyerseller interaction, as physical communities did throughout the history. Commercial electronic communities are groups of...

This paper develops a system dynamics model to analyze the impacts of different kinds of capacity payment as investment incentive mechanisms in Iranian electricity market. Since it is aimed that the incurred capital and operating costs of generation technologies be recovered in Iranian electricity pool, the noncompetitive capacity payment mechanism has been introduced for this purpose in order ...

Annex 8 to pay TV phase three document This is the non-confidential version. Confidential information has been redacted. Redactions are indicated by []. Annex 8 to pay TV phase three document – Assessment of market power – non-confidential version

accurate and effective electricity price forecasting is critical to market participants in order to make an appropriate risk management in competitive electricity markets. market participants rely on price forecasts to decide on their bidding strategies, allocate assets and plan facility investments. however, due to its time variant behavior and non-linear and non-stationary nature, electricity...

We analyze demand function competition with a finite number of agents and private information. We show that the nature of the private information determines the market power of the agents and thus price and volume of equilibrium trade. We establish our results by providing a characterization of the set of all joint distributions over demands and payoff states that can arise in equilibrium under...