This paper presents a literature review on the selected applications of renewable resource
and power forecasting models to facilitate the optimal integration of renewable energy (RE) …

At present, a harmonized pan‐European electricity market (EM) is a close reality. While in
day‐ahead markets (DAMs) the harmonization is at an advanced stage, in balancing …

The major electricity market models include: pools, bilateral contracts and hybrid models.
Pool prices tend to change quickly and variations are usually highly unpredictable. In this …

The new proposal for regulating the European Internal Market for Electricity (EIME) can
motivate the harmonization of the various National markets. The process of harmonizing the …

This chapter presents the key features of an agent-based simulation tool, called MATREM
(for Multi-Agent TRading in Electricity Markets). The tool allows the user to conduct a wide …

Currently, in most European electricity markets, power bids are based on forecasts
performed 12 to 36 hours ahead. Actual wind power forecast systems still lead to large …

Agent technology is a relatively new and rapidly expanding area of research and
development. The major motivations for the increasing interest in intelligent agents and multi …

The electricity industry is undergoing a deep transformation as Europe moves towards a
greener, healthier future—the growth of renewable generation has surpassed all …

Most existing energy markets (EMs) were not designed to take into account an active
participation of variable renewable energy (VRE). This situation results typically in …

Most energy markets (EMs) across Europe are based on a design framework involving day-
ahead, intraday, and bilateral markets, operating together with balancing markets. This …