Delays in electricity market models

Morcillo, José D.; Franco, Carlos; Angulo, Fabiola

doi:10.1016/j.esr.2017.02.004

Cited by 17 publications

(4 citation statements)

References 15 publications

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“…For that, this system takes advantage of several market structure models that exist. The electricity market is typically organized in a pool and bilateral contracts negotiation [25,26].…”

Section: Mascem -A Multi-agent Electricity Market Simulatormentioning

confidence: 99%

Adjacent Markets Influence Over Electricity Trading—Iberian Benchmark Study

2020

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This paper presents a study on the impact of adjacent markets on the electricity market, realizing the advantages of acting in several different markets. The increased use of renewable primary sources to generate electricity and new usages of electricity such as electric mobility are contributing to a better and more rational way of living. The investment in renewable technologies for the distributed generation has been creating new opportunities for owners of such technologies. Besides the selling of electricity and related services (ancillary services) in energy markets, players can participate and negotiate in other markets, such as the carbon/CO2 market, the guarantees of origin market, or provide district heating services selling of steam and hot water among others. These market mechanisms are related to the energy market, originating a wide market strategy improving the benefits of using distributed generators. This paper describes several adjacent markets and how do they complement the electricity market. The paper also shows how the simulation of electricity and adjacent markets can be performed, using an electricity market simulator, and demonstrates, based on market simulations using real data from the Iberian market, that the participation in various complementary markets can enable power producers to obtain extra profits that are essential to cover the production costs and facilities maintenance. The findings of this paper enhance the advantages for investment on energy production based renewable sources and more efficient technologies of energy conversion.

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“…For that, this system takes advantage of several market structure models that exist. The electricity market is typically organized in a pool and bilateral contracts negotiation [25,26].…”

Section: Mascem -A Multi-agent Electricity Market Simulatormentioning

confidence: 99%

Adjacent Markets Influence Over Electricity Trading—Iberian Benchmark Study

2020

View full text Add to dashboard Cite

show abstract

“…There are also more flexible models that break in part the monopoly and allow that different companies to take charge of generation and distribution-retailing at least in part of the total demand, but the monopoly still exists with regard to the wholesale trading agency in charge of buying electricity from generators, transmitting it and selling it to distributors. It is necessary to exist a clear regulation for this wholesale trading agency being it a monopoly for the distributors and a monopsony for the generators (10) .…”

Section: Electricity Markets Main Structurementioning

confidence: 99%

Review of Electricity Markets for Smart Nano-Grids

Robalino

Torres

2019

inycomp

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Este artícul o se enfoca en revisar los mode los de mercados eléctricos y las característic as de las nano redes inteligentes, realizando un estudio de los aspectos principales, estructura e integración. Investigaciones previas son discutidas e ideas fundamentales son desarrolladas y explicadas, y finalmente variables y restricciones son expuestas para modelar un mercado eléctrico incluyendo las consideraciones para nano redes inteligentes

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“…The behavioural patterns of customers generated by the dynamic of the Latin-American electricity market required a systematic analysis [22][23][24]. Particularly, system dynamics is a methodology of simulation based on feedback structures analysis and time-delays, which define the behaviour of a complex social system [25][26][27][28]. Developing an intuitive understanding of dynamics is also challenging for policymakers and managers.…”

Section: Introductionmentioning

confidence: 99%

What's the role of brand identity in creating value of the electricity sector? A dynamic model-based analysis

Herrera

2021

Ingeniare. Rev. chil. ing.

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Delays in electricity market models

Cited by 17 publications

References 15 publications

Adjacent Markets Influence Over Electricity Trading—Iberian Benchmark Study

Adjacent Markets Influence Over Electricity Trading—Iberian Benchmark Study

Review of Electricity Markets for Smart Nano-Grids

What's the role of brand identity in creating value of the electricity sector? A dynamic model-based analysis

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