Dynamic pricing in highly distributed power systems of the future

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

Research output: Chapter in Book/Report/Conference proceedingConference contribution book

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
Title of host publicationProceedings of the 2011 IEEE Power and Energy Society General Meeting
PublisherIEEE
Number of pages4
ISBN (Print)978-1-4577-1000-1
DOIs
Publication statusPublished - 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

  • dynamic pricing
  • decentralized operation
  • electricity markets

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. In Proceedings of the 2011 IEEE Power and Energy Society General Meeting IEEE. https://doi.org/10.1109/PES.2011.6039761