Classification of electricity market models worldwide

Barroso, L.A.; Cavalcanti, T.H.; Giesbertz, Paul; Purchała, Konrad

doi:10.1109/cigre.2005.1532720

Cited by 31 publications

(20 citation statements)

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“…The Barroso et al . () survey results show that a wide variety of electricity sector models and arrangements can be found with evidence of both success and failure. The performance of the models can change depending on the conditions and locations.…”

Section: Electricity Demand Modelmentioning

confidence: 99%

“…There are different market organizations in the electricity industry. Barroso et al (2005) provide an overview of various existing operating electricity markets. They classify the organization and functioning of these markets.…”

Section: Electricity Market and Systems Modelsmentioning

confidence: 99%

“…The central dispatch model has advantages such that it allows for the integrated treatment of generation units, transmission networks, locational marginal pricing and efficient management of potential transmission constraints. The Barroso et al (2005) survey results show that a wide variety of electricity sector models and arrangements can be found with evidence of both success and failure. The performance of the models can change depending on the conditions and locations.…”

Section: Electricity Market and Systems Modelsmentioning

confidence: 99%

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Demand, Customer Base‐line and Demand Response in the Electricity Market: A Survey

Heshmati

2013

Journal of Economic Surveys

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The increasing use of demand‐side management, as a tool to reliably meet electricity demands at peak time, has stimulated interest among researchers, consumers and producer organiza‐tions, managers, regulators and policymakers. This research reviews the growing literature on models which are used to study demand, customer base‐line (CBL) and demand response in the electricity market. After characterizing the general demand models, the CBL, based on which the demand response models are studied, is reviewed. Given the experience gained from the review and existing conditions, the study combines an appropriate model for each case for a possible application to the electricity market; moreover, it discusses the implications of the results. In the literature, these aspects are studied independently. The main contribution of this survey is attributed to the treatment of the three issues as sequentially interdependent. The review is expected to enhance the understanding of the demand, CBL and demand response in the electricity market and their relationships. The objective is conducted through a combination of demand and supply side managements in order to reduce demand through different demand response programs during peak times. This enables electricity suppliers to save costly electricity generation and at the same time reduce energy vulnerability.

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Section: Electricity Demand Modelmentioning

confidence: 99%

Section: Electricity Market and Systems Modelsmentioning

confidence: 99%

Section: Electricity Market and Systems Modelsmentioning

confidence: 99%

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Demand, Customer Base‐line and Demand Response in the Electricity Market: A Survey

Heshmati

2013

Journal of Economic Surveys

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“…However, in the Netherlands the electricity market was liberalized, where "The entire residential market was opened in July 2004" [4]. This was done by the unbundling of the vertically integrated utilities and services for electricity generation, transport and supply management, and the introduction of competition in generation and supply [11]. This action was necessary in order to achieve compliance with the EU electricity market liberalization directive.…”

Section: A Market Structurementioning

confidence: 99%

Smart metering for the future energy systems in the Netherlands

AlAbdulkarim

Lukszo

2009

2009 Fourth International Conference on Critical Infrastructures

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Over the past few years there has been a keen interest in smart metering across countries of the European Union. This has been strongly motivated by the EU Energy Efficiency Directive, which among other things aims to minimize the environmental impacts of energy generation and to meet the commitments made on climate change under the Kyoto Protocol. However, the system implementation choices and the roll-out process vary among those countries that have already embarked on the implementation of the system. In this paper we present an overview of the smart metering system implementation in the Netherlands, to conclude about possible lessen learnt applicable for different countries coping with transition problems in the energy sector changing from a traditional hierarchical governance structure into a future system with various different distributed generation sources.

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“…Remunerating BSPs can either be by pay-as-cleared pricing or by pay-asbid pricing. The former indicates that all units are remunerated at the marginal price of the system, which is the cost of activating one more unit of energy and is thus given by the least expensive reserve capacity that would have to be activated next [26]. The latter indicates that units are paid at their nominated price for the quantity activated by the TSO, which means that each generating unit receives a different compensation as different technologies bid at different prices in order to account for their costs [27].…”

Section: Introductionmentioning

confidence: 99%

Statistical analysis of negative prices in European balancing markets

et al. 2015

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a b s t r a c tThe presence of renewable power generation technologies increases the need for system flexibility due to their variable nature. The increasing share of variable renewables in European power systems create a downward adequacy problem, which deals with the ability of power systems to cope with periods of excess generation. The occurrence of negative prices on Central Western European electricity markets confirms the relevance of this issue, which is referred to as "incompressibility of power systems" and is assessed as a barrier for further renewable power integration. The objective of this article is to identify the main drivers of negative price periods in European balancing markets, by means of both an empirical and regression analysis. Results confirm a positive relation with the scheduled generation of renewables and inflexible base load, as well as a negative relation with the scheduled system load. Furthermore, the occurrence of negative prices is related to the positive and negative forecast error of renewable generation and demand, respectively. It is concluded that negative balancing market prices provide a market signal for investments in flexibility sources such as flexible generation, demand response, electricity storage, and interconnector capacity.

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Classification of electricity market models worldwide

Cited by 31 publications

References 1 publication

Demand, Customer Base‐line and Demand Response in the Electricity Market: A Survey

Demand, Customer Base‐line and Demand Response in the Electricity Market: A Survey

Smart metering for the future energy systems in the Netherlands

Statistical analysis of negative prices in European balancing markets

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