Dynamic pricing in highly distributed power systems of the future

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

doi:10.1109/PES.2011.6039761

Dynamic pricing in highly distributed power systems of the future

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

Electronic And Electrical Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution book

4 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 language	English
Title of host publication	Proceedings of the 2011 IEEE Power and Energy Society General Meeting
Publisher	IEEE
Number of pages	4
ISBN (Print)	978-1-4577-1000-1
DOIs	https://doi.org/10.1109/PES.2011.6039761
Publication status	Published - 2011
Event	IEEE Power and Energy Society General Meeting 2011 - Ljubljana, Slovenia Duration: 24 Jul 2011 → …

Conference

Conference	IEEE Power and Energy Society General Meeting 2011
Country/Territory	Slovenia
City	Ljubljana
Period	24/07/11 → …

Keywords

dynamic pricing
decentralized operation
electricity markets

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10.1109/PES.2011.6039761

Cite this

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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.",

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AU - Burt, G.

PY - 2011

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AB - 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.

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KW - decentralized operation

KW - electricity markets

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T2 - IEEE Power and Energy Society General Meeting 2011

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ER -

Dynamic pricing in highly distributed power systems of the future

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Keywords

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