Dynamic pricing in highly distributed power systems of the future

I. Kockar, D. Papadaskalopoulos, G. Strbac, D. Pudjianto, S. Galloway, G. Burt

Research output: Contribution to conferencePaper

3 Citations (Scopus)

Abstract

Existing energy systems and markets are characterized by a relatively small number of participants interacting in high-volume wholesale markets with end-users mainly participating in separate retail markets. This paper presents a work which aims to develop a Distributed Energy Market that brings together all participants in an integrated real-time marketplace. Operation in such markets will be based on dynamic pricing of various services, starting from energy generation, ancillary services and active demand participations. For this operation, new market and businesses models and rules need to be developed and tested.
Original languageEnglish
Pages1 -4
Number of pages4
DOIs
Publication statusPublished - 1 Jul 2011
EventIEEE Power and Energy Society General Meeting 2011 - Ljubljana, Slovenia
Duration: 24 Jul 2011 → …

Conference

ConferenceIEEE Power and Energy Society General Meeting 2011
CountrySlovenia
CityLjubljana
Period24/07/11 → …

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Keywords

  • active demand participations
  • ancillary services
  • business model
  • distributed energy market
  • dynamic pricing
  • energy generation
  • high-volume wholesale markets
  • highly-distributed power systems
  • integrated real-time marketplace
  • market model
  • retail markets
  • power markets
  • power system economics
  • pricing

Cite this

Kockar, I., Papadaskalopoulos, D., Strbac, G., Pudjianto, D., Galloway, S., & Burt, G. (2011). Dynamic pricing in highly distributed power systems of the future. 1 -4. Paper presented at IEEE Power and Energy Society General Meeting 2011, Ljubljana, Slovenia. https://doi.org/10.1109/PES.2011.6039761