The England and Wales wholesale electricity market is about to undergo major reform (NETA). I describe and analyse the proposed arrangements, contrasting them with those currently in operation. I argue that while NETA will remove one or two of the Pool’s problems, particularly by eliminating capacity payments, there is no reason to expect that it will significantly improve outcomes. Market powe...

Harrington et al. [21] introduced a general framework for modeling tacit collusion in which producing firms collectively maximize the Nash bargaining objective function, subject to incentive compatibility constraints. This work extends that collusion model to the setting of a competitive pool-based electricity market operated by an independent system operator. The extension has two features. Fi...

Residential photovoltaic (PV) systems in the US are often compensated at the customer’s underlying retail electricity rate through net metering. Given the uncertainty in future retail rates and the inherent links between rates and the economics of behind-the-meter PV, there is growing interest in understanding how potential changes in rates may impact the value of bill savings from PV. In this ...

In this paper, we propose an oligopolistic model of electricity market of Mexico and analyze numerical experiments based upon this model. Presently, the Mexican electricity market is presented by the state-regulated monopoly, so a competition market is not yet established. Our work can be evaluated as an empirical study of possible liberalization effects for Mexico. An oligopolistic market stru...

Buying and Selling Electricity: Getting the Best Deal Investing in New Generation Capacity and Measuring the Impacts of Price Caps Can Generators Manipulate the Market? Running the Power System and Delivering Power Expediting Interregional Transfers of Electricity Distributed Generation Systems: Mini-Grids and Consumer Choice News Items, Publications and References, New and Renewed Projects I N...

the main objectives of this paper are measuring the technical efficiency of iranian thermal power plants and investigating the determinants of technical efficiency levels in these plants. stochastic nonparametric envelopment data (stoned) method applied to plant-level data over a period of thirteen years from 1999 to 2011. this is the first comprehensive analysis (to our knowledge) of technical...

In this paper we propose a Multi-Agent system architecture to simulate and analyse Competitive Electricity Markets combining bilateral trading with power exchange mechanisms. This Multi-Agent environment includes several heterogeneous and autonomous intelligent agents representing the different independent entities in Electricity Markets. Agents are endowed with historical information about the...

In this paper, Multi Objective Harmony Search Algorithm (MOHSA) is used to solve the Unit Commitment (UC) problem between thermal generating units with wind impact an electricity market to minimize total cost to achieve a real system considered with various generator and wind constraints in power systems. Today the wind power is utilized as energy in power systems to play an important role in r...

In this paper we give an overview of the Electricity Market Complex Adaptive System (EMCAS) model. EMCAS uses the agent-based modeling and simulation (ABMS) technique to model the market participants in electricity markets as different agents with different strategies, risk preferences, and objectives. The complex operations of an electricity market can be simulated across several time horizons...