The volatile and intermittent nature of renewable energy sources (RES) has a critical impact on electric power grid operations. However, there still lacks model to price the uncertainty in electricity markets. This paper aims propose quantify RES system operating costs an market environment considering use flexible ramping (FR) products, compensation for wind curtailment, cost load thus offer m...

In Copenhagen climate conference China government promised that China would cut down carbon intensity 40e45% from 2005 by 2020. CET (carbon emissions trading) is an effective tool to reduce emissions. But because CET is not fully implemented in China up to now, how to design it and its potential impact are unknown to us. This paper studies the potential impact of introduction of CET on China’s ...

Right now employment of polices and tools to decrease the carbon emission through electricity generation from renewable resources is one of the most important problem in energy policy. Tradable Green Certificate (TGC) is an economics mechanism to support green power generation. Any country has the challenge to choose an appropriate policy and mechanism for design and implementation of TGC. The ...

This paper argues that the market rules governing the operation of the England and Wales electricity market in combination with the structure of this market presents the two major generators—National Power and PowerGen—with opportunities to earn revenues substantially in excess of their costs of production for short periods of time. Generators competing to serve this market have two strategic w...

Choosing a desired policy for divestiture of dominant firms’ generation assets has been a challenging task and open question for regulatory authority. To deal with this problem, in this paper, an analytical method and agent-based computational economics (ACE) approach are used for ex-ante analysis of divestiture policy in reducing market power. The analytical method is applied to solve a design...