Optimizing the day-ahead energy market for Central Western Europe subject to flow-based market coupling network constraints

The primary goal of this work was to develop a model that solved the market clearing problem while abiding by all the special requirements set by the European power ex- changes. The methodology that we applied is derived from Madani and Van Vyve, who referred to it as the Primal-Dual approach. It is assumed that the optimal set of blocks for the...

The feasibility of the energy-only market in a highly renewable European power system

The Netherlands policy on electricity steers towards a carbon neutral power generation in 2050. Among<br/>the studies that focus on long term power system research, none use the starting point of a 100%<br/>renewable power system in 2050. It is unknown if such a system is technically feasible given the<br/>variability of wind and solar. The...

Predictive Estimation of the Real-time Electricity Market Price

Electricity can not be stored efficiently in the grid, resulting in a need for demand and supply to be in balance. The Transmission System Operator operates a real-time electricity market to acquire extra supply or load. Traditionally, electricity usage is forecast as accurately as possible a day ahead and deviations from this electricity...

Electricity market of the future: Assessing economic feasibility and regulatory constraints for demand response aggregators in Europe

Recent developments in the demand response (DR) arena (PowerMatcher platform, Google’s NEST device, FAN communication standard, ENDAX platform etc.) indicate that the world is not becoming simpler. A complex set of interactions and mixtures at different levels of demand response aggregation can be expected in the near future. Given the goal of ...

Modeling the interplay between storage and flexibility in power systems

The need for a more resource-efficient and low-carbon electricity sector has boosted the integration of Renewable Energy Sources (RES) in power systems, especially of wind and solar energy. However, their intermittent output hinders the match of electricity demand and supply which is required for the smooth operation of the electricity grid....

Modeling Strategic Bidding in Congested Electricity Lines

In many cases, congestion is a recurrent problem that exists in electricity lines since the demand, in general, steadily increases whereas lines capacity cannot increase in small increments but only in multiple units of line capacity. Congestion in electricity lines hampers the interconnection of local markets because the interconnection line...