The traditional deterministic day-ahead (DA) market clearing does not accommodate the uncertainty from variable renewable energy sources, resulting in an increasing activation of expensive reserves and curtailment events. Robust optimization (RO) has been proposed to mitigate this uncertainty. However, as RO considers worst-case scenarios, it results highly conservative solutions. This paper pr...

Local energy communities are proposed as a regulatory framework to enable the market participation of end-consumers. However, volatile local market-clearing prices, and consequently, cost give rise participants with generally heterogeneous risk attitudes. To prevent increased operational due conservative trading decisions in forward stage, e.g., day-ahead market, we propose via financial hedgin...

This study presents a new dispatch model (SCSP) for a CSP plant based on a dynamic programing algorithm. The purpose is to investigate the cost of balancing a CSP plant in the Spanish electricity market. Results are presented for a parabolic plant in the Spanish market for years 2009, 2010 and 2011 using solar availability data at the Plataforma Solar, Andalucia, Spain. The variation of balanci...

A prognostic watch of the electric power system (EPS) is framed up, which detects the threat to EPS for a day ahead according to the characteristic times for a day ahead and according to the droop for a day ahead. Therefore, a prognostic analysis of the EPS development for a day ahead is carried out. Also the power grid, the electricity market state, the grid state and the level of threat for t...

The reorganization of electricity industry in Spain has finished a new step with the start-up of the Derivatives Market. Nowadays, all electricity transactions in Spain and Portugal are managed jointly through the MIBEL by the Day-Ahead Market Operator and the Derivatives Market Operator. This new framework requires important changes in the short-term optimization strategies of the Generation C...

This work presents a novel blockchain-based energy trading mechanism for electric vehicles consisting of day-ahead and real-time markets. In the market, vehicle users submit their bidding price to participate in double auction mechanism. Subsequently, smart match will be conducted by charging system operator, meet both personal interests social benefits. After clearing result, operator uploads ...