local electricity markets

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Local Electricity Markets
Author : Tiago Pinto,Zita Vale,Steve Widergren
Publisher : Academic Press
Release Date : 2021-04-01
ISBN 10 : 0128226668
Pages : 384 pages
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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

Cooperation in local electricity markets
Author : Maria Andersson
Publisher : Linköping University Electronic Press
Release Date : 2020-04-14
ISBN 10 : 917871897X
Pages : 79 pages
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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.

Local Electricity Markets Design and Operation in Distribution Power Systems
Author : Pol Olivella Rosell
Publisher : N.A
Release Date : 2020
ISBN 10 :
Pages : 246 pages
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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.

Competitive Electricity Markets
Author : Fereidoon P. Sioshansi
Publisher : Elsevier
Release Date : 2011-10-10
ISBN 10 : 9780080557717
Pages : 624 pages
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After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms. Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change. Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006 Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues Covers timely topics on the evolution of electricity market liberalization worldwide

Micro and Local Power Markets
Author : Andreas Sumper
Publisher : John Wiley & Sons
Release Date : 2019-06-13
ISBN 10 : 1119434564
Pages : 288 pages
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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.

Regulation and Investments in Energy Markets
Author : Alessandro Rubino,Ilhan Ozturk,Veronica Lenzi,Maria Teresa Costa Campi
Publisher : Academic Press
Release Date : 2015-12-02
ISBN 10 : 0128044764
Pages : 384 pages
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Regulation & Investments in Energy Markets: Solutions for the Mediterranean presents the status of advancement and maturity of the Mediterranean energy policy, identifying patterns of development as well as lessons learned. Mediterranean countries are facing unprecedented challenges in the energy sector which affect the entire region. Energy policy and regulation is the key to tackling energy efficiency challenges, and providing favorable conditions for engineering infrastructures, investments, and improving security of energy supply. The assumption that the normative model, on which the EC energy policy is based, could be adopted outside EU boundaries has proven to be difficult to implement. This book looks at the Mediterranean regions search for a revised model for regulatory convergence and provides answers to those research questions, allowing the reader to understand the different technical, institutional, and financial frameworks for energy policy. Contains a detailed overview of the specificities and institutional frameworks, giving greater clarity on existing energy practice Provides recommendations and contributions from leading scholars and key players in energy policy research Presents information from a region wide interdisciplinary approach based on specific industry information

Distributed Generation in Liberalised Electricity Markets
Author : Agence internationale de l'énergie,Peter Fraser,Organisation for Economic Co-operation and Development,International Energy Agency
Publisher : Paris, France : OECD/IEA
Release Date : 2002
ISBN 10 :
Pages : 125 pages
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Surveys the current situation and market status of distributed generation in selected OECD countries, including the impact of current energy policies.

Distributed Computing and Artificial Intelligence, 14th International Conference
Author : Sigeru Omatu,Sara Rodríguez,Gabriel Villarrubia,Pedro Faria,Paweł Sitek,Javier Prieto
Publisher : Springer
Release Date : 2017-06-19
ISBN 10 : 3319624105
Pages : 344 pages
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The 14th International Symposium on Distributed Computing and Artificial Intelligence 2017 (DCAI 2017) provided a forum for presenting the application of innovative techniques to study and solve complex problems. The exchange of ideas between scientists and technicians from both the academic and industrial sector is essential to advancing the development of systems that can meet the ever-growing demands of today’s society. The book brings together past experience, current work and promising future trends in distributed computing, artificial intelligence and their applications to efficiently solve real-world problems. It combines contributions in well-established and evolving areas of research, including the content of the DCAI 17 Special Sessions, which focused on multi-disciplinary and transversal aspects, such as AI-driven methods for multimodal networks and processes modeling, and secure management towards smart buildings and smart grids. The symposium was jointly organized by the Polytechnic of Porto, the Osaka Institute of Technology and the University of Salamanca. The latest event was held in Porto, Portugal, from 21st to 23rd June 2017.

Electricity Markets
Author : Sayyad Nojavan,Kazem Zare
Publisher : Springer Nature
Release Date : 2020-03-10
ISBN 10 : 303036979X
Pages : 270 pages
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This book analyzes new electricity pricing models that consider uncertainties in the power market due to the changing behavior of market players and the implementation of renewable distributed generation and responsive loads. In-depth chapters examine the different types of market players including the generation, transmission, and distribution companies, virtual power plants, demand response aggregators, and energy hubs and microgrids. Expert authors propose optimal operational models for short-term performance and scheduling and present readers with solutions for pricing challenges in uncertain environments. This book is useful for engineers, researchers and students involved in integrating demand response programs into smart grids and for electricity market operation and planning. Proposes optimal operation models; Discusses the various players in today's electricity markets; Describes the effects of demand response programs in smart grids.

The Economics of Electricity Markets
Author : Darryl R. Biggar,Mohammad Reza Hesamzadeh
Publisher : John Wiley & Sons
Release Date : 2014-07-10
ISBN 10 : 1118775724
Pages : 432 pages
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Bridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers everything an engineer or economist needs to know to understand, operate within, plan and design an effective liberalized electricity industry, thus serving as both a useful teaching text and a valuable reference. The book focuses on principles and theory which are independent of any one market design. It outlines where the theory is not implemented in practice, perhaps due to other over-riding concerns. The book covers the basic modelling of electricity markets, including the impact of uncertainty (an integral part of generation investment decisions and transmission cost-benefit analysis). It draws out the parallels to the Nordpool market (an important point of reference for Europe). Written from the perspective of the policy-maker, the first part provides the introductory background knowledge required. This includes an understanding of basic economics concepts such as supply and demand, monopoly, market power and marginal cost. The second part of the book asks how a set of generation, load, and transmission resources should be efficiently operated, and the third part focuses on the generation investment decision. Part 4 addresses the question of the management of risk and Part 5 discusses the question of market power. Any power system must be operated at all times in a manner which can accommodate the next potential contingency. This demands responses by generators and loads on a very short timeframe. Part 6 of the book addresses the question of dispatch in the very short run, introducing the distinction between preventive and corrective actions and why preventive actions are sometimes required. The seventh part deals with pricing issues that arise under a regionally-priced market, such as the Australian NEM. This section introduces the notion of regions and interconnectors and how to formulate constraints for the correct pricing outcomes (the issue of "constraint orientation"). Part 8 addresses the fundamental and difficult issue of efficient transmission investment, and finally Part 9 covers issues that arise in the retail market. Bridges the gap between engineering and economics in electricity, covering both the economics and engineering knowledge needed to accurately understand, plan and develop the electricity market Comprehensive coverage of all the key topics in the economics of electricity markets Covers the latest research and policy issues as well as description of the fundamental concepts and principles that can be applied across all markets globally Numerous worked examples and end-of-chapter problems Companion website holding solutions to problems set out in the book, also the relevant simulation (GAMS) codes

Electricity Markets
Author : Jeremy Lin,Fernando H. Magnago
Publisher : John Wiley & Sons
Release Date : 2017-08-30
ISBN 10 : 1119179378
Pages : 352 pages
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A comprehensive resource that provides the basic concepts of electric power systems, microeconomics, and optimization techniques Electricity Markets: Theories and Applications offers students and practitioners a clear understanding of the fundamental concepts of the economic theories, particularly microeconomic theories, as well as information on some advanced optimization methods of electricity markets. The authors—noted experts in the field—cover the basic drivers for the transformation of the electricity industry in both the United States and around the world and discuss the fundamentals of power system operation, electricity market design and structures, and electricity market operations. The text also explores advanced topics of power system operations and electricity market design and structure including zonal versus nodal pricing, market performance and market power issues, transmission pricing, and the emerging problems electricity markets face in smart grid and micro-grid environments. The authors also examine system planning under the context of electricity market regime. They explain the new ways to solve problems with the tremendous amount of economic data related to power systems that is now available. This important resource: Introduces fundamental economic concepts necessary to understand the operations and functions of electricity markets Presents basic characteristics of power systems and physical laws governing operation Includes mathematical optimization methods related to electricity markets and their applications to practical market clearing issues Electricity Markets: Theories and Applications is an authoritative text that explores the basic concepts of the economic theories and key information on advanced optimization methods of electricity markets.

Power Markets and Economics
Author : Barrie Murray
Publisher : John Wiley & Sons
Release Date : 2009-02-25
ISBN 10 : 9780470743010
Pages : 324 pages
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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.

Modern Energy Markets
Author : Maria Kopsakangas-Savolainen,Rauli Svento
Publisher : Springer Science & Business Media
Release Date : 2012-04-02
ISBN 10 : 1447129717
Pages : 140 pages
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Energy has moved to the forefront in terms of societal and economic development. Modern Energy Markets is a comprehensive, economically oriented, exploration of modern electricity networks from production and distribution to deregulation and liberalization processes. Updating previous work by the authors, different aspects are considered resulting in a complete and detailed picture of the systems and characteristics of modern electricity markets. Modern Energy Markets provides clear detail whilst encompassing a broad scope of topics and includes: •A method to model energy production systems including the main characteristics of future demand side management, •Different applications of this model in nuclear and renewable energy scenarios, •An analysis of Real-Time Pricing of electricity and its potential effects across the market, and, •A discussion of the need for regulation in an easily monopolized industry. Engineering and Economics students alike will find that Modern Energy Markets is a succinct and informative resource, as will researchers interested in environmental and energy issues. The inclusion of timely and relevant issues related to economic decision will also be of value to industry and civil officials.

Electricity Market Reform
Author : Fereidoon P. Sioshansi,Wolfgang Pfaffenberger
Publisher : Elsevier
Release Date : 2006-04-13
ISBN 10 : 9780080462714
Pages : 688 pages
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Since the late 1980s, policy makers and regulators in a number of countries have liberalized, restructured or “deregulated their electric power sector, typically by introducing competition at the generation and retail level. These experiments have resulted in vastly different outcomes - some highly encouraging, others utterly disastrous. However, many countries continue along the same path for a variety of reasons. Electricity Market Reform examines the most important competitive electricity markets around the world and provides definitive answers as to why some markets have performed admirably, while others have utterly failed, often with dire financial and cost consequences. The lessons contained within are direct relevance to regulators, policy makers, the investment community, industry, academics and graduate students of electricity markets worldwide. Covers electicity market liberalization and deregulation on a worldwide scale Features expert contributions from key people within the electricity sector

Evolution of Global Electricity Markets
Author : Fereidoon P. Sioshansi
Publisher : Academic Press
Release Date : 2013-06-10
ISBN 10 : 0123979064
Pages : 880 pages
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Get the latest on rapidly evolving global electricity markets direct from the scholars and thought leaders who are shaping reform. In this volume, dozens of world-class experts from diverse regions provide a comprehensive assessment of the relevant issues in today’s electricity markets. Amid a seething backdrop of rising energy prices, concerns about environmental degradation, and the introduction of distributed sources and smart grids, increasingly stringent demands are being placed on the electric power sector to provide a more reliable, efficient delivery infrastructure, and more rational, cost-reflective prices. This book maps out the electric industry’s new paradigms, challenges and approaches, providing invaluable global perspective on this host of new and pressing issues being investigated by research institutions worldwide. Companies engaged in the power sector’s extensive value chain including utilities, generation, transmission & distribution companies, retailers, suppliers, regulators, market designers, and the investment & financial rating community will benefit from gaining a more nuanced understanding of the impacts of key market design and restructuring choices. How can problems be avoided? Why do some restructured markets appear to function better than others? Which technological implementations represent the best investments? Which regulatory mechanisms will best support these new technologies? What lessons can be learned from experiences in Norway, Australia, Texas, or the U.K.? These questions and many more are undertaken by the brightest minds in the industry in this one comprehensive, cutting-edge resource. Features a unique global perspective from more than 40 recognized experts and scholars around the world, offering opportunities to compare and contrast a wide range of market structures Analyzes how the implementation of existing and developing market designs impacts real-world issues such as pricing and reliability Explains the latest thinking on timely issues such as current market reform proposals, restructuring, liberalization, privatization, capacity and energy markets, distributed and renewable energy integration, competitive generation and retail markets, and disaggregated vs. vertically integrated systems

Evolution of Global Electricity Markets
Author : Fereidoon P. Sioshansi
Publisher : Academic Press
Release Date : 2013-06-10
ISBN 10 : 0123979064
Pages : 880 pages
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Get the latest on rapidly evolving global electricity markets direct from the scholars and thought leaders who are shaping reform. In this volume, dozens of world-class experts from diverse regions provide a comprehensive assessment of the relevant issues in today’s electricity markets. Amid a seething backdrop of rising energy prices, concerns about environmental degradation, and the introduction of distributed sources and smart grids, increasingly stringent demands are being placed on the electric power sector to provide a more reliable, efficient delivery infrastructure, and more rational, cost-reflective prices. This book maps out the electric industry’s new paradigms, challenges and approaches, providing invaluable global perspective on this host of new and pressing issues being investigated by research institutions worldwide. Companies engaged in the power sector’s extensive value chain including utilities, generation, transmission & distribution companies, retailers, suppliers, regulators, market designers, and the investment & financial rating community will benefit from gaining a more nuanced understanding of the impacts of key market design and restructuring choices. How can problems be avoided? Why do some restructured markets appear to function better than others? Which technological implementations represent the best investments? Which regulatory mechanisms will best support these new technologies? What lessons can be learned from experiences in Norway, Australia, Texas, or the U.K.? These questions and many more are undertaken by the brightest minds in the industry in this one comprehensive, cutting-edge resource. Features a unique global perspective from more than 40 recognized experts and scholars around the world, offering opportunities to compare and contrast a wide range of market structures Analyzes how the implementation of existing and developing market designs impacts real-world issues such as pricing and reliability Explains the latest thinking on timely issues such as current market reform proposals, restructuring, liberalization, privatization, capacity and energy markets, distributed and renewable energy integration, competitive generation and retail markets, and disaggregated vs. vertically integrated systems

Spot Pricing of Electricity
Author : Fred C. Schweppe,Michael C. Caramanis,Richard D. Tabors,Roger E. Bohn
Publisher : Springer Science & Business Media
Release Date : 2013-03-07
ISBN 10 : 1461316839
Pages : 356 pages
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There is a need for fundamental changes in the ways society views electric energy. Electric energy must be treated as a commodity which can be bought, sold, and traded, taking into account its time-and space-varying values and costs. This book presents a complete framework for the establishment of such an energy marketplace. The framework is based on the use of spot prices. In general terms: o An hourly spot price (in dollars per kilowatt hour) reflects the operating and capital costs of generating, transmitting and distributing electric energy. It varies each hour and from place to place. o The spot price based energy marketplace involves a variety of utility-customer transactions (ranging from hourly varying prices to long-term, multiple-year contracts), all of which are based in a consistent manner on hourly spot prices. These transactions may include customers selling to, as well as buying from, the utility. The basic theory and practical implementation issues associated with a spot price based energy marketplace have been developed and discussed through a number of different reports, theses, and papers. Each addresses only a part of the total picture, and often with a somewhat different notation and terminology (which has evolved in parallel with our growing experience). This book was xvii xviii Preface written to serve as a single, integrated sourcebook on the theory and imple mentation of a spot price based energy marketplace.

Electricity Auctions
Author : Luiz Maurer,Luiz Barroso
Publisher : World Bank Publications
Release Date : 2011-07-25
ISBN 10 : 082138824X
Pages : 176 pages
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Electricity-contract auctions have been getting increased attention as they have emerged as a successful mechanism to procure new generation capacity and. This book presents a comprehensive overview of international experiences in auction design and implementation.

Blockchain-Based Smart Grids
Author : Miadreza Shafie-khah
Publisher : Academic Press
Release Date : 2020-06
ISBN 10 : 0128178620
Pages : 310 pages
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Blockchain-Based Smart Grids presents emerging applications of blockchain in electrical system and looks to future developments in the use of blockchain technology in the energy market. Rapid growth of renewable energy resources in power systems and significant developments in the telecommunication systems has resulted in new market designs being employed to cover unpredictable and distributed generation of electricity. This book considers the marriage of blockchain and grid modernization, and discusses the transaction shifts in smart grids, from centralized to peer-to-peer structures. In addition, it addresses the effective application of these structures to speed up processes, resulting in more flexible electricity systems. Aimed at moving towards blockchain-based smart grids with renewable applications, this book is useful to researchers and practitioners in all sectors of smart grids, including renewable energy providers, manufacturers and professionals involved in electricity generation from renewable sources, grid modernization and smart grid applications.