Pricing of electric power under uncertainty: information and efficiency

Ishikida, Takashi; Varaiya, Pravin

doi:10.1109/59.387930

Cited by 12 publications

(3 citation statements)

References 7 publications

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“…The indicator system constructed in this paper is shown in Figure 2. Each single indicator describes certain characteristics of power balance from different aspects [7][8][9] . According to the target requirements of power balance, the characteristics of power balance can be summarized into 7 points: resistance, adjustable capacity, load, adequacy, orderly power supply, energy saving and environmental protection, and economy.…”

Section: Establishment Of Indicator Systemmentioning

confidence: 99%

County power balance method based on wind and water storage and charging

Chen,

Zhang,

Yang

et al. 2023

Second International Conference on Applied Statistics, Computational Mathematics, and Software Engineering (ASCMSE 2023)

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Under the requirements of the construction of new power systems and the constraints of dual carbon targets, the proportion of new energy and new loads in the power system continues to increase. Compared with traditional power sources, new energy power sources have higher uncertainty and are less affected by natural conditions. large and greater fluctuations, which have impacted the stability of the power system. In order to cope with the challenges brought by new energy and new power loads to the grid power balance, a county-level power balance method based on wind, water, storage and charging is proposed, and an annual power balance model is constructed. In terms of model evaluation, based on the key performance indicator analysis method, a power balance evaluation index system with adequacy, orderliness of power supply, energy conservation and environmental protection, and economy as key indicators was constructed. The AHPentropy weight combination method combining subjectivity and objectivity is used as the calculation method of the evaluation index weight, and the power balance scheme is comprehensively evaluated based on the approaching ideal point sorting method.

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Section: Establishment Of Indicator Systemmentioning

confidence: 99%

County power balance method based on wind and water storage and charging

Chen,

Zhang,

Yang

et al. 2023

Second International Conference on Applied Statistics, Computational Mathematics, and Software Engineering (ASCMSE 2023)

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“…Spot market prices are closely related to the bidding and pricing strategies of the market participants, therefore papers focused on them are listed in [42]- [56].…”

Section: Forecasting Techniques For Deregulatedmentioning

confidence: 99%

Forecasting techniques for deregulated electricity market prices

Niimura¹

2006

2006 IEEE Power Engineering Society General Meeting

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This paper reports preliminary results of an ongoing survey of electricity price forecasting techniques developed over the last fifteen years or so. The main focus of this survey is the method of forecasting electrical energy prices on a pool-style energy forward market (typically, one-day ahead). Because the British market began operating its initial pool and real data became available in 1990, this survey reviewed publications that appeared in 1990 and after. The paper source of this preliminary survey is exclusively limited to INSPEC/IEEE-Xplore. A limited list of printed books for general background information is also included. From the review of the papers, a summary of general procedure of price forecasting and of factors to be considered is discussed.

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“…The behaviors of prices under different policies [12] or different market clearing time [13] can be modeled by the models of this category. Furthermore, The impact of temperature [14], water temperatures [15]and information [16], can be studied in this framework as well.…”

Section: M Ethodology Of E Lectricity P Rice M Odelingmentioning

confidence: 99%

Modeling of electricity prices

Hou

2010

The 2010 International Conference on Green Circuits and Systems

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Pricing of electric power under uncertainty: information and efficiency

Cited by 12 publications

References 7 publications

County power balance method based on wind and water storage and charging

County power balance method based on wind and water storage and charging

Forecasting techniques for deregulated electricity market prices

Modeling of electricity prices

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