As electric utility systems around the world continue to move towards open, competitive markets, the need for new modelling techniques will become more obvious. To study electricity markets behaviour and evolution we propose a multi-agent simulator where agents represent several entities that can be found in electricity markets, such as generators, consumers, market operators and network operat...

The utility sector in industrialised countries is undergoing a process of transformation. Liberalisation and privatisation policies have triggered changes in the social, technological and ecological dimension of the provision of electricity, gas, water and telecommunications. These processes interact in complex ways, bringing about transformation dynamics which are highly uncertain while having...

Environmentally friendly renewable energy technologies such as wind and solar energy systems are among the fleet of new generating technologies driving the demand for distributed generation of electricity. Power Electronics has initiated the next technological revolution and enables the connection of distributed generation (DG) systems to the grid. The challenge is to achieve system functionali...

This chapter presents some results of an econometric analysis (developed in Patrick and Wolak 2001b) of customer-level demands for electricity of large and medium-sized industrial and commercial customers purchasing electricity under half-hourly spot prices and demand charges coincident with system peaks in the England and Wales (E&W) electricity market. These estimates can be used to forecast ...

Today’s power generation and distribution systems are designed to accommodate peak and not average demand. Due to uncertainty of weather and users’ convenience-driven consumption behavior, electricity demand varies significantly over a daily cycle, thus the waste of a significant portion of the system’s capacity. On the other hand, demand response has long been proposed to incentivizing consume...

The policy of net-metering allows the operators of residentialand commercial solar PV systems to sell surplus electricity back to their utility at the going retail rate. This policy has recently been criticized on the grounds that it provides a subsidy for solar installations, a subsidy that is paid for by all ratepayers. In response, public utility commissions have begun to take up this regula...

In the smart grid, large consumers can procure electricity energy from various power sources to meet their load demands. To maximize its profit, each large consumer needs to decide their energy procurement strategy under risks such as price fluctuations from the spot market and power quality issues. In this paper, an electric energy procurement decision-making model is studied for large consume...

This paper assesses whether impending electricity industry restructuring in an investor-owned utility’s home state encourages the utility to improve efficiency at its generating plants. Under costplus regulation, utilities have little incentive to reduce operating costs since they can pass them directly to ratepayers. Restructuring programs increase utilities’ exposure to competitive markets fo...

nowadays, electricity is one of the most significant infrastructures required for economic development of countries. hence, predicting electricity demand is very important especially in industry as a major electricity-consuming sector. the majority of studies under the subject of electricity demand have been performed by econometrics and it is not possible to investigate the effect of different...

The beginning of least-cost utility planning in Europe is marked by 42 recent programmes offering financial incentives to encourage the use of energy-efficient compact fluorescent lamps (CFLs). Programmes have been conducted in six countries and manufacturers, retailers, and governments played active roles. Most of the programmes targeted residential consumers, but eight were available to comme...