This paper proposes an improved approach to our previous work [11]. [11] uses Stackelberg game to model the interactions between electricity retailer and its customers and genetic algorithms are used to obtain the Stackelberg Equilibrium (SE). In this paper, we propose a bi-level programming model by considering benefits of the electricity retailer (utility company) and its customer. In the upp...

Peak demand for electricity continues to surge around the world. The supply-demand imbalance manifests itself in many forms, from rolling brownouts in California to power cuts in India. It is often suggested that exposing consumers to real-time pricing, will incentivize them to change their usage and mitigate the problem akin to increasing tolls at peak commute times. We show that risk-averse c...

Utilities participating in deregulated markets observe increasing uncertainty in load (i.e., demand for electric power) and prices for fuel and electricity on spot and contract markets. This study proposes a new formulation of the unit commitment problem of electric power generators in a restructured electricity market. Under these conditions, an electric power generation company will have the ...

The impacts of market liberalisation on the electricity supply sector depend on many different factors and boundary conditions. Comparing these impacts in Austria and Germany, two countries which both participate in the European internal market and have a central geographical location in Western Europe, and which both have borders and important trade relationships with Central European countrie...

European electricity companies trade electric power across country and market boundaries. So called schedules are data sets that define the terms and conditions of such power trades. Different proprietary or standardized formats for schedules exist. However, due to a wide variety of different trading partners and power markets, a number of problems arise which complicate the standardized exchan...

Under the Energy Internet concept the distribution and management of resources in the electricity market have been gradually transiting from a centralized pattern to a decentralized pattern. Correspondingly, the methodological model for the analysis of economic behaviors needs to be upgraded too. Based on the idea of non-cooperative game theory, this paper puts forward a tripartite game model f...

Abstract: In this paper, we develop a novel electric power supply chain network model with fuel supply markets that captures both the economic network transactions in energy supply markets and the physical network transmission constraints in the electric power network. The theoretical derivation and analysis are done using the theory of variational inequalities. We then apply the model to a spe...

As developing countries seek to improve their economic prospects, electricity reform has been widely viewed as a central part of this effort. While the focus of most research to date has been at economy or utility level; there has been much less research on regional outcomes. India presents a unique case, as its states share a common economic and political system, whilst having been given consi...

There is growing interest in reducing emissions from electricity generation in the United States (U.S.). Renewable energy, energy efficiency, and energy conservation are all commonly suggested solutions. Both supply- and demand-side interventions will displace energy-and emissions-from conventional generators. Marginal emissions factors (MEFs) give a consistent metric for assessing the avoided ...