Short term wholesale electricity market designs: A review of identified challenges and promising solutions

L Silva-Rodriguez, A Sanjab, E Fumagalli… - … and Sustainable Energy …, 2022 - Elsevier
The electricity market is being increasingly challenged by new trends, such as the high
penetration of intermittent renewables and the transformation of the consumers' energy …

A systematic review of European electricity market design options

S Honkapuro, J Jaanto, S Annala - Energies, 2023 - mdpi.com
The European electricity market model continues to evolve in the face of new challenges.
This systematic literature review aims to assess the status of research and discussion on the …

Finding Nash equilibrium based on reinforcement learning for bidding strategy and distributed algorithm for ISO in imperfect electricity market

L Yu, P Wang, Z Chen, D Li, N Li, R Cherkaoui - Applied Energy, 2023 - Elsevier
Finding Nash equilibrium in an imperfect market with active and strategic resources is key to
the successful operation of the electricity market. A hierarchical Nash distributed …

Redesigning capacity market to include flexibility via ramp constraints in high-renewable penetrated system

X Fang, Q Hu, R Bo, F Li - International Journal of Electrical Power & …, 2021 - Elsevier
Capacity markets can co-exist alongside the energy and ancillary markets to ensure the
medium-term and long-term supply adequacy by remunerating the generation resources for …

Benefits of regional coordination of balancing capacity markets in future European electricity markets

M Ihlemann, A van Stiphout, K Poncelet, E Delarue - Applied energy, 2022 - Elsevier
In the face of growing balancing requirements, there is increased interest in cross-border
coordination of balancing capacity markets. Despite improved coordination of balancing …

Optimum day-ahead clearing for high proportion hydropower market considering complex hydraulic connection

Z Jia, J Shen, C Cheng, Y Zhang, Q Lyu - International Journal of Electrical …, 2022 - Elsevier
Over the past few decades, China has built a batch of high proportion hydropower systems
(HPHSs) in southwest China. In these HPHSs, it is very common that the upstream and …

[HTML][HTML] Simulation-based estimation of the economic benefits implied by coordinated balancing capacity procurement and deployment in a day-ahead market model

D Csercsik - Energy Strategy Reviews, 2023 - Elsevier
In this paper we analyze how increasing levels of cooperation in reserve procurement and
activation affect the implied economic benefits and the respective network loads assuming …

Decentralized multi-area multi-agent economic dispatch model using select meta-heuristic optimization algorithms

OM Adeyanju, LN Canha - Electric Power Systems Research, 2021 - Elsevier
This paper presents a decentralized multiarea multiagent economic dispatch (DMMED)
model using select meta-heuristic optimization (MO) algorithms. The previous multiarea …

Co-optimization of energy and reserve with incentives to wind generation

Y Smeers, S Martin, JA Aguado - IEEE Transactions on Power …, 2021 - ieeexplore.ieee.org
Transitioning from fossil fuel dominated power systems to high penetrations of intermittent
renewable generation is affecting classical electricity market designs. Here, a method is …

Equilibrium stability of asymmetric evolutionary games of multi-agent systems with multiple groups in open electricity market

L Yin, S Li, F Gao - Ieee Access, 2020 - ieeexplore.ieee.org
The asymptotically stable equilibrium points of asymmetric evolutionary games for multiple
groups with multiple game strategies are obtained. The evolution of four groups and more …