Sharif Digital Repository

Electricity industry is ongoing towards reregulation worldwide. Some new market issues that experienced in other commodities markets are suggested to be exercised in electricity markets. Electricity and ancillary services pricing under different schemes are such issues. Pricing mechanism can be applied via several sequential markets. A day-ahead market associated with joint energy and ancillary services dispatch is used as a benchmark for contingency reserves option pricing. This paper proposed a new methodology aimed to derive the option pricing for contingency reserves as a major part of ancillary services in restructured power systems  

Reactive market power assessment is an important issue for ISOs and the regulators of the reactive power market. Due to the localized characteristics of reactive power as a technical support and its monopsonistic nature as an economic commodity, a vivid reactive market power index including market share, demand side and cost is not achieved yet. In this paper, a new reactive market power index is presented which is based on bidding strategy deviation of the GENCOs after establishing a uniform price auction reactive market. Not knowing others' offers to ISO, each unit faces a bidding strategy problem that is solved using game theory. Considering its production costs, the unit uses the... 

Genco's offering strategies could change SCUC convergence; as a result, generation plants profit is adjusted. The minimum profit alteration with production changeless, defined as discrete strategies. Here, different discrete strategy base on marginal cost was tested and compare with other strategies. Revenue was calculated with game theory method to find Nash equilibrium as mix game; then, market power indices was estimated. These models help ISO to simulate power market and analyze it before markets occurred. Because of uncertainty in producer's strategy, model was implemented in probabilistic pivotal strategy and finally checked simulation on IEEE 30 buses test case system and market power... 

With the advent of small-scale heat and electricity producers in distribution energy systems, the interdependencies between energy carriers have been increased. Moreover, the rapid deployment of micro CHP, electric heat pumps, electricity-to-heat appliances etc., calls for new local market frameworks to be employed in distribution energy systems. In response, this paper presents a new energy market framework based on the concept of peer-to-peer negotiations to facilitate energy transactions between agents at the distribution level while addressing the interdependencies between different energy carriers. Moreover, linear optimization problems are proposed to investigate the optimal strategies... 

One of the major problems in liberalized power markets is loss allocation. In this paper, a different method for allocating transmission losses to pool market participants is proposed. The proposed method is fundamentally based on decomposition of loss function and current projection concept. The method has been implemented and tested on several networks and one sample summarized in the paper. The results show that the method is comprehensive and fair to allocating the energy losses of a power market to its participants  

Among the different options available for market clearing mechanisms, offer cost minimisation mechanism is being used in most electric power markets. The payments are then calculated based on locational marginal prices (LMPs). The payments can be significantly higher due to the inconsistency of the clearing and pricing mechanisms. Payment cost minimisation (PCM) mechanism which directly minimises the total payment has been recently proposed to solve this issue. In this study, an auction mechanism is proposed for payment to suppliers minimisation (PSM) based on the LMPs instead of consumers payment minimisation (CPM). Using a proper formulation for the supply side reserve LMPs, the complete... 

Renewable energies as a solution for environmental issues have always been a key research area due to Demand Response Programs (DRPs). However, the intermittent nature of such energies may cause economic and technological challenges for Independent System Operators (ISOs) besides DRPs, since the acceptable effective solution may exceed the requirement of further investigations. Although, previous studies emphasized employing Demand Response and Renewable Energies in power systems, each problem was investigated independently, and there have been few studies which have investigated these problems simultaneously. In these recent studies, authors neither analyzed these problems simultaneously... 

Efficient operation of electricity markets necessitates a penalty mechanism to penalize market participants who do not fulfill their market obligations. However, the traditional penalty mechanisms that have been successfully implemented in wholesale electricity markets may result in unintended consequences in transactive markets where the participants have uncertain supply or demand. In this regard, this letter investigates main challenges of applying traditional penalty mechanisms in transactive energy markets. Some efficient strategies are also proposed to operate the transactive markets in such a way that guarantees its security as well as liquidity. © 1969-2012 IEEE  

In Particle Swarm Optimization (PSO) algorithm, although taking an active role to guide particles moving toward optimal solution, the most-fit candidate does not have a guide itself and only moves along its velocity vector in every iteration. This may yield a noticeable number of agents converge into local optima if the guide (i.e. the most fit candidate) agent cannot explore the best solution. In this paper, an attempt is made to get the advantage of the Ant Colony Optimization (ACO) methodology to assist the PSO algorithm for choosing a proper guide for each particle. This will strengthen the PSO abilities for not getting involved in local optima. As a result, we present a promising new... 

The rapid deployment of district heating systems in local energy markets and increasing the number of small-scale heat producers along with the expansion of local electricity markets increase the need for a transaction framework to manage the transactions between local participants in both heat and electricity markets. This paper presents a peer-to-peer thermal energy transaction framework to manage the transactions between small-scale heat prosumers. This framework enables small-scale thermal energy producers and consumers to participate in the market as price maker agents. Moreover, the optimal strategy of heat market participants is determined by proposing a linear profit function for... 

The potential of end-users to modify their consumption pattern makes them an interesting resource for providing energy flexibility in energy communities. Thus, active end-users require sufficient incentives and automated trading and management schemes. In order to enable increased small-scale end-users participation for flexibility service provision, a new design for flexibility trading is required to model the behavior of different agents and their interactions in energy communities. The novelty of our work lies in proposing an iterative game-based approach in which all agents - consisting of the distribution system operator (DSO), aggregators, and customers- can determine their decision... 

The escalated penetration of wind energy in the electric industry has by large contributed to an intensified uncertainty and variability of the net-load, i.e., the difference between stochastic demand and intermittent supply. In response, some Independent System Operators (ISOs) have recently introduced the Flexible Ramping Product (FRP) to heighten the grid flexibility via effective hosting of the uncertain renewables. This paper suggests a novel framework for optimal FRP provision in real-time markets (RTM) in which the shortage in the RTM ramp capacity is compensated by optimal deployment of day-ahead procured spinning reserve. In the envisioned mechanism, the ISO can deploy specific... 

Uncoordinated adoption of plug-in electric vehicles (PEVs) imposes further load on the distribution network, and therefore may result in disruptive impacts on the grid. Transactive coordination of PEVs has been introduced as an effective approach to mitigate these negative consequences. This paper furthers efforts enabling PEVs to participate in a real-time retail electricity market under a transactive energy (TE) paradigm. In this regard, PEV owners will estimate their willingness to pay/accept using a user-friendly strategy and submit the estimated values to the retail market operator. Then using a network-constrained market clearing mechanism, the clearing prices, i.e., dual variables of... 

An integrated view of energy markets has led to the introduction of new market participants named energy retailers (ERs). Competition among ERs in an integrated market greatly improves market performance in areas such as sustainability, supply security, and environmental awareness. ER performance is evaluated in an integrated market with emission penalty reduction in the objective function. Bi-level programming is used to model an ER game, and the equilibria of different configurations are compared. In the game's first level, ERs offer various energy carrier selling prices to optimise profits. In the second level, consumers respond by switching from the retail market to minimise their energy...