Searched for: subject:"Electricity%5C+markets"
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Okur, Ö. (author), Voulis, N. (author), Heijnen, P.W. (author), Lukszo, Z. (author)
The high level of uncertainty of renewable energy sources generation creates differences between electricity supply and demand, endangering the reliable operation of the power system. Demand response has gained significant attention as a means to cope with uncertainty of renewable energy sources. Demand response of residential and service...
journal article 2019
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Kraan, Oscar (author), Kramer, Gert Jan (author), Nikolic, I. (author), Chappin, E.J.L. (author), Koning, Vinzenz (author)
Full decarbonisation of the electricity system is one of the key elements to limit global warming. As this transition takes place, the electricity system must maintain system adequacy and remain affordable to consumers. In liberalised electricity markets investors are seen as key actors driving this transition. Due to the intermittent...
journal article 2019
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Piao, L. (author), De Vries, Laurens (author), de Weerdt, M.M. (author), Yorke-Smith, N. (author), Piao, Longjian (author)
DC distribution systems (DCDSs) are a promising alternative to AC systems because they remove AC-DC conversions between renewable sources and loads. Their unique features compared to AC include low system inertia, strict power limits and power–voltage coupling. In a liberalised electricity market, merely applying an AC market design to a DCDS...
journal article 2019
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Tautz-Weinert, Jannis (author), Yürüşen, Nurseda Y. (author), Melero, Julio J. (author), Watson, S.J. (author)
Commercial operation and maintenance of wind farms always involves trying to find the most cost-effective solution from various possible options. In this paper, a maintenance action within a Spanish wind farm was studied, whereby a blade replacement was required to prevent catastrophic failure. The conducted replacement was accompanied by an...
journal article 2019
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Lammers, Imke (author), Hoppe, T. (author)
Due to the liberalisation of the European Union's (EU) electricity sector, stakeholders' roles and responsibilities in local energy planning and implementation are not well-defined in legislation anymore. To investigate what local energy planning and implementation processes look like in the post-liberalisation era we conduct a systematic...
review 2018
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Kraan, O. (author), Kramer, G. J. (author), Nikolic, I. (author)
Now that renewable technologies are both technically and commercially mature, the imperfect rational behaviour of investors becomes a critical factor in the future success of the energy transition. Here, we take an agent-based approach to model investor decision making in the electricity sector by modelling investors as actors with different ...
journal article 2018
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Piao, L. (author), de Vries, L.J. (author), de Weerdt, M.M. (author), Yorke-Smith, N. (author)
Direct current distribution systems (DCDS), which connect local prosumers directly to community grids without AC/DC conversions, are a promising alternative to AC systems. While regulations call for market-based operation, existing markets for AC systems do not meet DC requirements and cannot be applied to a DCDS. This paper develops a design...
conference paper 2018
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Reinders, Angèle (author), Übermasser, Stefan (author), van Sark, Wilfried (author), Gercek, Cihan (author), Schram, Wouter (author), Obinna, Uchechi (author), Lehfuss, Felix (author), van Mierlo, Barbara (author), Robledo, C.B. (author), van Wijk, A.J.M. (author)
In this paper, a framework is presented for the evaluation of smart grid environment which is called the three-layer model. This three-layer model comprises three specific categories, or 'layers', namely, the stakeholder, market and technologies layers. Each layer is defined and explored herein, using an extensive literature study regarding...
review 2018
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Lago Garcia, J. (author), De Ridder, Fjo (author), Vrancx, Peter (author), De Schutter, B.H.K. (author)
Motivated by the increasing integration among electricity markets, in this paper we propose two different methods to incorporate market integration in electricity price forecasting and to improve the predictive performance. First, we propose a deep neural network that considers features from connected markets to improve the predictive...
journal article 2018
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Bhagwat, P.C. (author), Marcheselli, A. (author), Richstein, J.C. (author), Chappin, E.J.L. (author), de Vries, L.J. (author)
We analyze the effectiveness of a forward capacity market (FCM) with long-term contracts in an electricity market in the presence of a growing share of renewable energy. An agent-based model is used for this analysis. Capacity markets can compensate for the deteriorating incentive to invest in controllable power plants when the share of...
journal article 2017
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Iychettira, K.K. (author), Hakvoort, R.A. (author), Linares, Pedro (author), de Jeu, R.J.J. (author)
The governance of renewable electricity in Europe beyond 2020 is still uncertain. The only certain aspects are that national level targets will be abolished beyond 2020, and that most renewable electricity support schemes will take the form of competitive bidding. The objective of this paper is to assess the impact of policy choices, the so...
journal article 2017
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Verzijlbergh, R.A. (author), de Vries, L.J. (author), Dijkema, G.P.J. (author), Herder, P.M. (author)
The integration of large amounts of variable renewable energy poses fundamental challenges to the operation and governance of the energy system. In this article we address the main institutional challenges that are caused by the integration of variable renewable energy sources like solar and wind energy in the European power system. We first...
journal article 2017
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Piao, L. (author), de Weerdt, M.M. (author), de Vries, L.J. (author)
DC distribution systems (DCDS) connect local generators and loads directly. By avoiding unnecessary losses in AC-DC conversion, DCDS offers higher energy efficiency. Since different parties in a DCDS may have conflicting goals, matching between power supply and demand should be done with carefully designed allocation rules and monetary transfers...
conference paper 2017
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Shariat Torbaghan, S. (author)
The new energy policy of the European Union (EU) with the core objectives of competitiveness, reliability and sustainability, has driven Europe into a transition towards a low carbon & sustainable electricity supply systems. Under the new policy, the European energy systems are pursing two major objectives. First is to shift the focus from...
doctoral thesis 2016
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van der Veen, R.A.C. (author), Hakvoort, R.A. (author)
In the unbundled national electricity markets in Europe, the balancing market is the institutional arrangement that deals with the balancing of electricity demand and supply. This paper presents a framework for policy makers that identifies the relevant design variables and performance criteria that play a role in the design and analysis of...
journal article 2016
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Richstein, J.C. (author), Chappin, E.J.L. (author), De Vries, L.J. (author)
The low prices in the European Emission Trading System (EU ETS) have triggered discussions of various possible reforms. One option is to decouple the CO 2 prices from renewable energy policy by adjusting the emission cap to renewable energy investment overshoots. We introduce two ways of reducing the CO 2 cap in response to overshoots of...
journal article 2015
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Richstein, J.C. (author), Chappin, E.J.L. (author), De Vries, L.J. (author)
The EU parliament has accepted a proposal of the EU commission on the backloading of EU emission allowances (EUA), where the auctioning of EUAs is postponed to future time periods. The EU commission has also proposed a market stability reserve (MSR), which is a quantity-based stabilisation policy that is aimed at controlling the volume of EUAs...
journal article 2015
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Shayesteh, E. (author)
Electrical energy is one of the most common forms of energy these days. Consequently, electric power system is an indispensable part of any society. However, due to the deregulation of electricity markets and the growth in the share of power generation by uncontrollable renewable energies such as wind and solar, power system simulations are more...
doctoral thesis 2015
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Oruç, S. (author)
The electricity infrastructure, like many other networked infrastructures, is an indispensable and integral part of developed economies. The economic growth, quality of life and general well-being of modern societies all depend on the smooth, reliable and efficient operation of electricity system. On the other hand, adverse strategic behavior by...
doctoral thesis 2014
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Yang, Q. (author), Zhenpeng, Z. (author)
The increasing energy demand in China due to urbanization has made the study of different energy policies in big cities a crucial topic of discussion. This is a complex problem since the electricity market is a multi-actor system where various actors may have a great influence on the main issue we are focusing on. In order to reduce the energy...
conference paper 2014
Searched for: subject:"Electricity%5C+markets"
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