in order to improve the reliability of the power system, sufficient amount of new capacity should be installed in the network. usually generation units’ payoff in an energy market is not adequate to cover their expenses. therefore, energy only market cannot induce investors to invest in generation field. due to energy only market inefficiency, a supplementary algorithm is suggested to cover the...

In this paper, the problems of market monitoring and control of ancillary services of future energy systems are presented. We envision that future system operation of electric power systems will evolve into completely unbundled ancillary service markets that are governed by spot price signals. The grid operators need to acquire ancillary services through competitive markets for control of the s...

In this paper the problems of market monitoring and control of ancillary services of a future energy systems are presented. We envision that future system operation of electric power systems will evolve into completely unbundled ancillary service markets that are governed by spot price signals. The grid operators need to acquire ancillary services through competitive markets for control of the ...

Due to uncertain nature of wind and photovoltaic power units, the participation of this units in electricity markets is subjected to significant deviation penalties. This issue leads to despondency or even admission of these units in the competitive environment. With regard to this fact that the low deviations are available when predictions are performed in a short-term horizon and also distrib...

We develop spatial competition a la Bertrand for barge shipping along a waterway. Equilibrium prices are derived for two variations. For each case, we …rst give the perfectly competitive benchmark (when all modes are priced at marginal cost) before introducing market power on the modes. The paper emphasizes strategic rivalry (and market power) in two dimensions, and, for tractability, we consid...