Prosumers as active market participants: A systematic review of evolution of opportunities, models and challenges

M Gržanić, T Capuder, N Zhang, W Huang - Renewable and Sustainable …, 2022 - Elsevier
The possibility of onsite production and flexible consumption is transforming consumers from
passive users to active service providers in power systems with the large share of renewable …

An incentive profit-sharing mechanism for welfare transfer in balancing market integration

Z Wu, M Zhou, Z Zhang, H Zhao, J Wang, J Xu… - … and Sustainable Energy …, 2022 - Elsevier
Due to the rising share of variable renewable energy, balancing market integration (BMI)
has been advocated as a promising solution to achieve flexible resource sharing among …

[HTML][HTML] Electricity balancing challenges for markets with high variable renewable generation

E Rosales-Asensio, DB Diez, P Sarmento - Renewable and Sustainable …, 2024 - Elsevier
This research studies how the process of equalizing the supply and demand of electrical
energy can be improved in a foreseeable scenario characterized by a high share of …

[HTML][HTML] The impact of renewables on the incidents of negative prices in the energy spot markets

O Prokhorov, D Dreisbach - Energy Policy, 2022 - Elsevier
In this paper we analyze the impact of growing renewable energy generation on the
instances of negative day-ahead auction prices. We perform a simulation that is based on …

[HTML][HTML] Making the most of short-term flexibility in the balancing market: Opportunities and challenges of voluntary bids in the new balancing market design

K Poplavskaya, J Lago, S Strömer, L De Vries - Energy Policy, 2021 - Elsevier
Electricity balancing is one of the main demanders of short-term flexibility. To improve its
integration, the recent regulation of the European Union introduces a common standalone …

Bidding behaviors of GENCOs under bounded rationality with renewable energy

H Guo, Q Chen, M Shahidehpour, Q Xia, C Kang - Energy, 2022 - Elsevier
With the worldwide restructuring of power markets, it is more meaningful to analyze the
bidding behaviors of generation companies (GENCOs). A realistic bidding behavior model …

Auction design for capacity allocation in the petroleum pipeline under fair opening

Q Liao, R Tu, W Zhang, B Wang, Y Liang, H Zhang - Energy, 2023 - Elsevier
Auction is a dominant way to allocate transport capacities for the aim of profit, fairness, and
transparency. Previous related work focuses on the natural gas pipeline and cannot be …

Probabilistic forecasting of German electricity imbalance prices

M Narajewski - Energies, 2022 - mdpi.com
The imbalance market is very volatile and often exhibits extreme price spikes. This makes it
very hard to model; however, if predicted correctly, one could make significant gains by …

The emerging threat of artificial intelligence on competition in liberalized electricity markets: A deep Q-network approach

DE Aliabadi, K Chan - Applied energy, 2022 - Elsevier
Abstract According to Sustainable Development Goals (SDGs), societies should have
access to affordable, reliable, and sustainable energy. Liberalized electricity markets have …

[HTML][HTML] Stochastic adaptive robust approach for day-ahead energy market bidding strategies in hydro dominated sequential electricity markets

A Khodadadi, L Söder, M Amelin - Sustainable Energy, Grids and Networks, 2022 - Elsevier
This paper presents a novel methodological approach for the optimal day-ahead energy
market bidding behavior of a cascaded hydropower plants (HPPs) portfolio in the sequential …