Intermittent nature of wind power faced ISO and power producers with new challenges. Wind power uncertainty has increased the required reserve capacity and deployment reserve. Consequently, large-scale wind power generation increases ISO costs and consequently reserve prices. On the other hand, since wind power producers are price taker, large-scale wind power generation decreases residual dema...

Restructuring in the power industry is followed by splitting different parts and creating a competition between purchasing and selling sections. As a consequence, through an active participation in the energy market, the service provider companies and large consumers create a context for overcoming the problems resulted from lack of demand side participation in the market. The most prominent ch...

This paper divides the energy market into futures and new stock market. At same time, closing price of Shenzhen carbon emission rights is used to represent price, composite index China Securities Exchange listed companies price. VAR model MSVAR are empirically study relationship between three variables nonlinear them. results show that there will be more complex among company shows market, pres...

energy policy making in the third millennium is summarized in three areas. the first area: moving toward the use of renewable, clean and environment compatible energy, the second area: restructuring in the energy sector, to make it competitive, & finally, the third area is: increasing efficiency in energy consumption. power industry as a growing sub-section of energy sector, especially in recen...

demand response (dr) has many beneficiaries in the electricity market. there are independent players who are interested in dr, which include: transmission system owners, distributors, retailers, and aggregators. in this paper dr is introduced as a tradable commodity that can be exchanged between dr buyers and sellers in a pool-based market which is called demand response exchange (drx). drx ope...