The issue of electricity-natural gas interdependence is becoming a major energy policy and regulatory issue in all jurisdictions around the world. In this paper, we develop a model that looks at natural gas and electricity simultaneously, and apply it to the scenarios for European decarbonization at the horizon 2030/2050. The increased role of gas fired plants in RES dominated electricity marke...

The issue of electricity-natural gas interdependence is becoming a major energy policy and regulatory issue in all jurisdictions around the world. In this paper, we develop a model that looks at natural gas and electricity simultaneously, and apply it to the scenarios for European decarbonization at the horizon 2030/2050. The increased role of gas fired plants in RES dominated electricity marke...

This article argues that competitive electricity markets are prone to the same cycles of boom and bust that appear in commodity markets and in a specialized industry like real estate. The article then demonstrates how boom and bust might appear in the western electricity system using computer simulation. A “business as usual” simulation shows that the west might be at the crest of a building bo...

A major cause for many of the problems that have afflicted wholesale electricity markets is the unrealized potential for the demand-side to be a full participant. Ironically, when Fred Schweppe first envisioned an electricity market in which prices efficiently coordinated the actions of market participants, he focused on the potential for improved efficiency in power consumption, not generation...

Increased penetration of wind energy will make electricity market prices more volatile. As a result, participants bear increased financial risks, which impact investment decisions and in turn, makes it harder to achieve sustainable goals. remedy, this paper, we propose an insurance that complements any wholesale design. Our mechanism can be run by suitable entity such as independent system oper...

ELFORSK Foreword Despite having had a deregulated electricity market in Sweden for over ten years we still need to increase our understanding as to how deregulated electricity markets actually work and how possible problems are to be solved. The electricity sector is key in greenhouse gas mitigation. Electricity generation accounts for roughly one-third of carbon dioxide emissions in the indust...

Due to the limited predictability and associated uncertainty of renewable energy resources, renewable-based electricity systems are confronted with instability problems. In such power systems, implementation of Demand Response (DR) programs not only can improve the system stability but also enhances market efficiency and system reliability. By implementing cloud-based engineering systems the ut...

This paper presents an overview over different areas where Flexible AC Transmission Systems (FACTS) devices can help system operators run the transmission system more efficiently especially under the consideration of liberalized electricity markets. Furthermore, an example network, based on realistic data, is shown where the installation of a TCSC increases the transfer capacity into a region c...