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...

Recently, economic and environmental problems have created a strong attitude toward utilizing renewable energy sources (RESs). Nevertheless, uncertainty of wind and solar power leads to a more complicated energy management (EM) of RESs in microgrids. This paper models and solves the EM problem of microgrid from the generation point of view. To do this, mathematical formulation of a grid- connec...

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...

In recent years, the vast penetration of renewable energy sources has introduced a large degree uncertainty into power system, thus leading to increased trading activity in continuous intra-day electricity market. this paper, we propose an agent-based modeling framework analyze behavior and interactions between sources, consumers thermal plants European Continuous Intra-day (CID) Additionally, ...

Positions and views expressed in this study are only those of the author and do not commit CREG in any way. Competition is the instrument favoured by European Institutions to enhance the efficiency of the power sector. Competition requires trading, an activity that can be organised or spontaneously developed by the market. Experience and theory both suggest that some form of organized market is...