June 15, 2021

Download Ebook Free Local Electricity Markets

Local Electricity Markets

Local Electricity Markets
Author : Tiago Pinto,Zita Vale,Steve Widergren
Publisher : Academic Press
Release Date : 2021-04-01
Category : Business & Economics
Total pages :384
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Local Electricity Markets introduces the fundamental characteristics, needs, and resource constraints shaping the design and implementation of local electricity markets, and addresses proposed local market models and lessons from their limited implementation. The book discusses decision and informatics tools considered important in the implementation of local electricity markets. It features a review of management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure, regulatory frameworks available for local electricity market development internationally, and barriers and opportunities for local electricity markets in the future. Delineates key components shaping the design and implementation of local energy market structure Provides a coherent view on the enabling infrastructures and technologies that underpin local market expansion Explores the current regulatory environment for local electricity markets drawn from a global panel of contributors Exposes future paths toward widespread implementation of local electricity markets using an empirical review of barriers and opportunities Reviews relevant local electricity market case studies, pilots, and demonstrators already deployed and under implementation

Local Electricity Markets

Local Electricity Markets
Author : Pavlos Schoinas
Publisher : Unknown
Release Date : 2017
Category :
Total pages :129
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This master thesis has as an objective the development of an electricity market. It is a research project that aims to be the foundation for a bigger and more thorough analysis. It examines the implementation of a local electricity market in a residential network equipped with renewable generation and storage technologies. In the context of this project the electricity market is defined as a real-time market focused on the exchange of active power. This thesis focuses on examining the effects on electricity prices that different pricing and consumption strategies have. In this context the feasibility of the results, from a power flow point, are not examined. The network in question is considered to be connected to the low voltage, alternating current grid and it comprises exclusively of households. It is a perfectly competitive market in the sense that no single player can exercise market power on his own, in order to raise prices. Simulations are conducted in a MATLAB environment to investigate the effects of different pricing and consumption strategies on the clearing prices of the market, as well as to determine the viability of such a market. The viability of the project in the context of this thesis is examined only from a financial aspect. Prices are not chosen arbitrarily but aim to mirror real world costs and more specifically the Levelized Costs of Energy and Storage. It is against these quantities that the resulting prices are compared to conclude about the viability of the project. Furthermore a cartel situation is simulated to investigate possible outcomes. Again in the context of this thesis a cartel is assumed to be a consortium of players colluding for financial gain, a fraction of the market players that offers higher prices and instigate atypical market operation. The results demonstrate the viability of such a market, as well as the effects of the cartel situation. Each scenario is examined separately and then compared against the rest. Finally a cost analysis is conducted in order to show the costs of such a study in the real world.

Cooperation in local electricity markets

Cooperation in local electricity markets
Author : Maria Andersson
Publisher : Linköping University Electronic Press
Release Date : 2020-04-14
Category :
Total pages :79
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This thesis presents a system analysis for co-operation in local electricity markets including distributors and customers. The purpose of co-operation is to minimise the system cost of local markets by introducing system measures, such as end-use measures and municipal co-generation plants. Co-operation will strengthen the position of local markets in the national as well as future international electricity markets. With end-use measures local markets will achieve flexibility, additional reserve capacity and ability to avoid sudden large costs for peak loads. Biomass-fired cogeneration plants can become of great importance in an international market. In Sweden there is a simultaneous demand for electricity and district heating, many local markets already include district heating systems and there are major forest areas which can contribute with renewable fuel. The system analysis is partly based on the simulation model (INDSIM) and the linear programming model (MODEST). The simulation model has been further developed (STRATO) to include calculation of system costs. Shadow price analysis has been developed in order to study incentives for system measures. Calculation procedures have been developed that describe cooperation between distributor and customer. Six case studies of a selection of real, existing local markets in Sweden are presented. The studies show the potential economical effects of co-operation measured by system costs and shadow prices. Co-operation has been considered between demand- and supply-side, electricity- and district heating systems and also between different time periods. In a typical local market with 90 000 inhabitants, if end use measures are introduced without cooperation the system cost of the distributor will increase by 14 million SEK for a time period of 25 years. If instead end-use measures are introduced in co-operation, together with a biomass-fired cogeneration plant, the system cost of the local market will be reduced by 444 million SEK. Furthermore, the use of biomass in the local market is increased from 36 to 72 % while the use of oil is decreased from 34 to 1%. Another case study of another local market (50 000 inhabitants) shows that end-use measures will reduce the system cost (excluding investment costs) of an industry by 50 % corresponding to 1.3 million SEK for one year. The end-use measures imply reduced power demand during peak load periods in the local market and increased power demand during non- peak load periods.

Optimal Prediction Games in Local Electricity Markets

Optimal Prediction Games in Local Electricity Markets
Author : Randall Martyr
Publisher : Unknown
Release Date : 2015
Category :
Total pages :129
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Engineering Local Electricity Markets for Residential Communities

Engineering Local Electricity Markets for Residential Communities
Author : Esther Marie Mengelkamp
Publisher : Unknown
Release Date : 2019
Category :
Total pages :129
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Local Electricity Markets Design and Operation in Distribution Power Systems

Local Electricity Markets Design and Operation in Distribution Power Systems
Author : Pol Olivella Rosell
Publisher : Unknown
Release Date : 2020
Category :
Total pages :246
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In the context of distributed generation growth, local grids could face operational issues. In that sense, smart grid deployment will give information to local grid operators about grid status at medium and low voltage levels for taking operational decisions on daily basis. This thesis presents local markets as a potential solution to avoid local grid congestions and over-costs. They mainly increase the negotiation power of end-users with distributed energy resources and allow activation of flexibility at local level.First of all, this thesis analyses electric vehicles as a potential challenge for distribution grids and electricity markets in case of uncontrolled charging as it could cause consumption peaks. At the same time, electric vehicles could be part of the solution thanks to their capability of shifting forward their consumption. The first solution presented in this thesis is a building level electric vehicle management algorithm in order to reduce energy cost and consumption peaks.However, local grid operators need a solution to deal with aggregated level problems like high demand or high generation periods. Such kind of problems vary over time and place, and they could be difficult to integrate in regular grid tariffs. Therefore, the present thesis provides two local market designs for these problems. The first local market presented is designed for taking advantage of renewable energy producers before and after the whole-sale day-ahead market without threatening distribution grids and increasing the local social welfare. However, this market implies significant regulatory changes because the local market operator should take sorne of the current local grid operator regulated activities.Therefore, this thesis presents a second market design for managing portfolios of consumers, producers and prosumers, and it could be operated by retailers, balance responsible parties or aggregators for flexibility provision without regulatory issues. The work includes a description of roles, contracts and interactions of such local flexibility market, and three optimization algorithms depending on the application, complexity and portfolio scale. The first algorithm assumes limited information about each site, the second one includes such information but presents potential scalability limitations, and the last algorithm is based on a decomposition method to optimise the aggregator portfolio in a distributed way reducing the computational burden and time.

Micro and Local Power Markets

Micro and Local Power Markets
Author : Andreas Sumper
Publisher : John Wiley & Sons
Release Date : 2019-06-13
Category : Technology & Engineering
Total pages :288
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Introduces readers to micro and local power markets and their use for local initiatives, grid integration, and future applications This book provides the basis for understanding micro power markets, emphasizing its application for local initiatives, the grid integration of renewable-based generation, and facilitating the decarbonization of the future electrical networks. It gives readers a comprehensive overview of the market operation, and highlights the basis of the design of local and micro markets. Micro and Local Power Markets starts by covering the economics and basic principle of power markets, including the fundamentals of the power trading (for both wholesale and local markets). Following a definition of both micro and local (technical and economic aspects) power markets, the book then looks at the organization of such markets. It describes the design of those power markets, isolated from the wholesale markets, and examines the methodologies of the interaction between these power markets and wholesale markets. The book also presents cognitive business models for micro and local power markets, as well as the regulatory issues concerning them. Introduces the basic principle of power markets Defines micro and local power markets Outlines the design of micro and local power markets, including the principles, as well as the trading schemes, flexibility, and services Discusses methodologies of the interaction between micro and local power markets and wholesale markets Presents business models for micro and local power markets Summarizes regulatory issues around micro and local power markets Micro and Local Power Markets is an ideal book for upper undergraduate students in engineering, as well as for early researchers in the energy sector. It is also recommended for any scientist and engineer being introduced to the field of power systems and their organization.

Design the Electricity Market(s) of the Future

Design the Electricity Market(s) of the Future
Author : Anonim
Publisher : Unknown
Release Date : 2017
Category :
Total pages :129
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The European power system is facing profound changes as it transitions towards full decarbonisation. Stakeholders are confronted with the empowering of the energy customer through demand response and storage solutions and the deployment of decentralised, renewable generation, which progressively reduces the sector's carbon footprint. The structure of the electricity market will have to adapt to these changes and we must develop new business models. In partnership with the Florence School of Regulation (FSR), EURELECTRIC has opened the debate and gathered innovative visions for the functioning of a fully decarbonised electricity market. A joint call for contributions in 2016 triggered the interest of academics and energy experts from across the continent. They presented their suggestions at a dedicated event on 7 June, in Brussels. This e-book, built on the proceedings of that conference, is an attempt to provide insights for the public discussion and to inspire future debates on the topic. The high-level papers present different scenarios for 2050. There are some interesting proposals on how to design a market which is flexible enough to face the challenge of increasing levels of RES. Also, attention is given to investment conditions, the perception of risk and the impact of risk adjustments on capital cost in a market where RES marginal costs could be near-zero. Other scenarios address the increasing interest in local electricity markets in a world where consumers are also prosumers and daily use electric vehicles and storage facilities, and have the flexibility to do so. The power sector is undergoing a complex and long-term transformation: accelerated technological change, shifting consumer preferences, the application of ICT technology to link power generation and demand as well as the evolving EU climate and energy policy agenda are some of the key drivers impacting the industry. They provide unprecedented challenges but also important opportunities for the sector. In the midst of this energy transition, Europe needs to ensure secure, sustainable, affordable and competitive energy for all its citizens and businesses. With this book we hope to stimulate the debate on the right market design for our common low-carbon future.

Power to the People

Power to the People
Author : Peter Asmus
Publisher : Unknown
Release Date : 1998
Category : Electric power-plants
Total pages :15
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Micro and Local Power Markets

Micro and Local Power Markets
Author : Andreas Sumper
Publisher : John Wiley & Sons
Release Date : 2019-07-22
Category : Technology & Engineering
Total pages :272
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Introduces readers to micro and local power markets and their use for local initiatives, grid integration, and future applications This book provides the basis for understanding micro power markets, emphasizing its application for local initiatives, the grid integration of renewable-based generation, and facilitating the decarbonization of the future electrical networks. It gives readers a comprehensive overview of the market operation, and highlights the basis of the design of local and micro markets. Micro and Local Power Markets starts by covering the economics and basic principle of power markets, including the fundamentals of the power trading (for both wholesale and local markets). Following a definition of both micro and local (technical and economic aspects) power markets, the book then looks at the organization of such markets. It describes the design of those power markets, isolated from the wholesale markets, and examines the methodologies of the interaction between these power markets and wholesale markets. The book also presents cognitive business models for micro and local power markets, as well as the regulatory issues concerning them. Introduces the basic principle of power markets Defines micro and local power markets Outlines the design of micro and local power markets, including the principles, as well as the trading schemes, flexibility, and services Discusses methodologies of the interaction between micro and local power markets and wholesale markets Presents business models for micro and local power markets Summarizes regulatory issues around micro and local power markets Micro and Local Power Markets is an ideal book for upper undergraduate students in engineering, as well as for early researchers in the energy sector. It is also recommended for any scientist and engineer being introduced to the field of power systems and their organization.

Power Markets and Economics

Power Markets and Economics
Author : Barrie Murray
Publisher : John Wiley & Sons
Release Date : 2009-02-25
Category : Business & Economics
Total pages :324
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It is now almost twenty years since liberalisation and the introduction of competition was proposed for electricity utilities. Some form of restructuring has been widely adopted around the world to suit local objectives. The industry now faces new challenges associated with global warming, rising prices and escalating energy demand from developing countries like China and India. The industry will have to cope with; managing emissions; managing variable energy sources like wind, dev eloping clean coal technology; accommodating distributed generation and new nuclear stations and managing the impact of these developments on the distribution and transmission networks. It is now necessary to consider how the various market structures that were adopted have performed and how they will address some of these new issues and what further changes might be necessary. This volume presents an all-inclusive analysis of the electricity market structures that have been adopted around the world and how they are performing. It provides an up-to-date analysis of the cost of competing technologies, the operation of energy and ancillary service markets and the impact of renewable sources and emission restrictions. It takes a forward look at likely future developments necessary to cope with the new emerging issues. Part One introduces industry infrastructure, analysing state utilities, the motives behind liberalisation and the resulting structures. Part Two considers generation costs, including renewable generation costs, and investigates the cost of restricting emissions as well as transmission and distribution costs. Part Three discusses market operation, describing how costs affect the organisation of power generation. It covers trading arrangements, ancillary services, international trading and investment. Part Four looks to future markets and technological developments that will shape the industry through the next twenty years. This includes the appraisal of investment opportunities for global power companies and implications for market performance. Written by an internationally renowned consultant engineer, this book is full of expert insight and balances fundamental methodology and academic theory with practical information and diverse worked examples. This is an excellent reference on the topic for power system engineers, regulators, banks, investors, and government energy agencies. With its many worked examples, it is also a brilliant tutorial accessible for postgraduates and senior undergraduates in electrical and power engineering.

Microgrids

Microgrids
Author : Amjad Anvari-Moghaddam,Hamdi Abdi,Behnam Mohammadi-Ivatloo,Nikos Hatziargyriou
Publisher : Springer Nature
Release Date : 2021-04-16
Category : Technology & Engineering
Total pages :643
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This book provides a comprehensive overview on the latest developments in the control, operation, and protection of microgrids. It provides readers with a solid approach to analyzing and understanding the salient features of modern control and operation management techniques applied to these systems, and presents practical methods with examples and case studies from actual and modeled microgrids. The book also discusses emerging concepts, key drivers and new players in microgrids, and local energy markets while addressing various aspects from day-ahead scheduling to real-time testing of microgrids. The book will be a valuable resource for researchers who are focused on control concepts, AC, DC, and AC/DC microgrids, as well as those working in the related areas of energy engineering, operations research and its applications to energy systems. Presents modern operation, control and protection techniques with applications to real world and emulated microgrids; Discusses emerging concepts, key drivers and new players in microgrids and local energy markets; Addresses various aspects from day-ahead scheduling to real-time testing of microgrids.

Restructuring Electricity Markets

Restructuring Electricity Markets
Author : Charles J. Cicchetti,Kristina M. Sepetys
Publisher : Pennwell Books
Release Date : 1995
Category : Electric power
Total pages :209
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This unique publication offers a comprehensive perspective on the restructuring of the electricity sector. It explores, describes, and identifies common elements of change, emphasizing from the experiences of developed and developing nations.

Electric Choices

Electric Choices
Author : Andrew N. Kleit
Publisher : Rowman & Littlefield
Release Date : 2007
Category : Business & Economics
Total pages :242
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Electricity is one of the largest and most vital industries in the U.S. economy, with sales exceeding $200 billion annually. While electricity represents the backbone of commerce, industry, and household production, the structure of the industry has been changing in rather dramatic ways. After being heavily regulated for more than a century by local, state, regional, and federal authorities, deregulation is taking center stage. In general, deregulation results in lower prices, more product choices, and more rapid technological advances. Conversely, rate regulation has inherent flaws, including the encouragement of waste and inefficiency, and a retarding of innovation. There is little doubt to the contributors of this book that putting regulation aside offers enormous efficiency gains in the production of electricity. But can market forces handle the delicate matter of transmitting electricity when the simple model of supply and demand must be more precise than other goods and services? How much regulation does the electric industry need? The essays in this timely collection explore these difficult questions and propose a new, market-based plan to improve America's electrical future. Published in cooperation with The Independent Institute.

Energy Storage in Energy Markets

Energy Storage in Energy Markets
Author : Behnam Mohammadi-Ivatloo,Amin Mohammadpour Shotorbani,Amjad Anvari-Moghaddam
Publisher : Academic Press
Release Date : 2021-04-30
Category : Science
Total pages :490
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Energy Storage in Energy Markets reviews the modeling, design, analysis, optimization and impact of energy storage systems in energy markets in a way that is ideal for an audience of researchers and practitioners. The book provides deep insights on potential benefits and revenues, economic evaluation, investment challenges, risk analysis, technical requirements, and the impacts of energy storage integration. Heavily referenced and easily accessible to policymakers, developers, engineer, researchers and students alike, this comprehensive resource aims to fill the gap in the role of energy storage in pool/local energy/ancillary service markets and other multi-market commerce. Chapters elaborate on energy market fundamentals, operations, energy storage fundamentals, components, and the role and impact of storage systems on energy systems from different aspects, such as environmental, technical and economics, the role of storage devices in uncertainty handling in energy systems and their contributions in resiliency and reliability improvement. Provides integrated techno-economic analysis of energy storage systems and the energy markets Reviews impacts of electric vehicles as moving energy storage and loads on the electricity market Analyzes the role and impact of energy storage systems in the energy, ancillary, reserve and regulatory multi-market business Applies advanced methods to the economic integration of large-scale energy storage systems Develops an evaluation framework for energy market storage systems