Stochastic electricity market model in networked microgrids considering demand response programs and renewable energy sources

2020 ◽  
Vol 117 ◽  
pp. 105606 ◽  
Author(s):  
Ramin Bahmani ◽  
Hamid Karimi ◽  
Shahram Jadid
Keyword(s):  
Renewable Energy ◽  
Demand Response ◽  
Electricity Market ◽  
Renewable Energy Sources ◽  
Market Model ◽  
Energy Sources ◽  
Demand Response Programs ◽  
Networked Microgrids

scholarly journals Key Factors Which Contribute to the Participation of Consumers in Demand Response Programs and Enable the Proliferation of Renewable Energy Sources

Energies ◽  
2021 ◽  
Vol 14 (24) ◽  
pp. 8273
Author(s):  
Adrian Tantau ◽  
András Puskás-Tompos ◽  
Costel Stanciu ◽  
Laurentiu Fratila ◽  
Catalin Curmei
Keyword(s):  
Renewable Energy ◽  
Demand Response ◽  
Online Survey ◽  
Consumer Behaviour ◽  
Renewable Energy Sources ◽  
Energy System ◽  
Energy Sources ◽  
Main Role ◽  
Key Factors ◽  
Demand Response Programs

Consumer behaviour in the energy field is playing a more important role in the new approach dominated by the proliferation of renewable energy sources. In this new context, the grid has to balance the intermittent and uncertain renewable energy generated, and find solutions, also, on the consumer side for increasing the stability and reliability of the energy system. The main de-mand response solutions are price and incentive based, but there is a need to identify the main factors which can influence their efficiency due to the fact that there is a lack of knowledge about the preferences of consumers. The main goal of this article is to identify the main demand response solutions and the related key factors which influence the participation of consumers in demand response programs and may contribute to the spread of renewable energy sources. For this research, semi-structured interviews were organised with experts in energy from Romania, Hungary and Serbia, as well as workshops with experts in energy, and an online survey with customers for electricity. This article reduces the gap between the results of technical studies, related in demand response programs, and their practical implementations, where the consumer behaviour and its social dimensions are neglected even though, in reality, they are playing the main role. The results suggest that the consumer’s participation in demand response programs is highly influenced by different aspects related to the promotion of the renewable energy and the reduction of CO2 emissions and the global warming impact.

scholarly journals Problems of functioning and development of a new electricity market model in Ukraine (according to the scientific report at the meeting of the Presidium of NAS of Ukraine, February 3, 2021)

2021 ◽  
pp. 20-28
Author(s):  
I.V. Blinov ◽  
Keyword(s):  
Renewable Energy ◽  
Electricity Market ◽  
Renewable Energy Sources ◽  
Electricity Sector ◽  
Market Model ◽  
Energy Sources ◽  
National Academy Of Sciences ◽  
Scientific Report ◽  
Academy Of Sciences ◽  
Market Coupling

The most important scientific and practical results of the Institute of Electrodynamics of the National Academy of Sciences of Ukraine and other institutions of the Academy are given. The results of research are aimed at scientific and methodological substantiation of the organization and functioning of the electricity market in Ukraine, forecasting the generation of electricity from renewable energy sources, Ukrainian and European electricity market coupling to improve the efficiency of the electricity sector and Ukraine's competitiveness on European market.

scholarly journals Acceptance of Demand Response and Aggregators as a Solution to Optimize the Relation between Energy Producers and Consumers in Order to Increase the Amount of Renewable Energy in the Grid

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3441
Author(s):  
Adrian Tantau ◽  
András Puskás-Tompos ◽  
Laurentiu Fratila ◽  
Costel Stanciu
Keyword(s):  
Renewable Energy ◽  
Demand Response ◽  
Electricity Market ◽  
Online Survey ◽  
Renewable Energy Sources ◽  
Electrical Energy ◽  
Structured Interviews ◽  
New Development ◽  
Demand Response Programs

Demand response plays a very important role in balancing the intermittent production of an increasing share of renewable energy sources on the energy market. This article analyses the importance of demand response and the role of aggregators for the new development of the electricity market, where the renewables will play a more important role. The main objective of this research is to determine the acceptance level of demand response and its implementation on the energy consumer side. This acceptance should include a professional actor, the aggregator which is assuming the role of optimizing the relation between energy producers and consumers, and to monitor the implementation and use of demand response. The research is based on semi-structured interviews with experts in energy from Hungary, Romania and Serbia, on workshops with experts and a wider online survey with end customers for electricity. The results indicate that there is a willingness potential to implement demand response programs with aggregators as intermediaries between energy providers and end consumers of electrical energy.

scholarly journals Analyzing Trade in Continuous Intra-Day Electricity Market: An Agent-Based Modeling Approach

Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3860
Author(s):  
Priyanka Shinde ◽  
Ioannis Boukas ◽  
David Radu ◽  
Miguel Manuel de Manuel de Villena ◽  
Mikael Amelin
Keyword(s):  
Renewable Energy ◽  
Electricity Market ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Thermal Power ◽  
Agent Based Modeling ◽  
Market Liquidity ◽  
Energy Sources ◽  
Modeling Framework ◽  
Agent Based

In recent years, the vast penetration of renewable energy sources has introduced a large degree of uncertainty into the power system, thus leading to increased trading activity in the continuous intra-day electricity market. In this paper, we propose an agent-based modeling framework to analyze the behavior and the interactions between renewable energy sources, consumers and thermal power plants in the European Continuous Intra-day (CID) market. Additionally, we propose a novel adaptive trading strategy that can be used by the agents that participate in CID market. The agents learn how to adapt their behavior according to the arrival of new information and how to react to changing market conditions by updating their willingness to trade. A comparative analysis was performed to study the behavior of agents when they adopt the proposed strategy as opposed to other benchmark strategies. The effects of unexpected outages and information asymmetry on the market evolution and the market liquidity were also investigated.

scholarly journals Atjaunojamo energoresursu tiesiskuma nodrošinājums

2015 ◽  
Vol 1 (1) ◽  
pp. 55-63
Author(s):  
Kristīne Šeļepova
Keyword(s):  
Renewable Energy ◽  
Power Supply ◽  
Electricity Market ◽  
Renewable Resources ◽  
Renewable Energy Sources ◽  
Cost Effective ◽  
Energy Industry ◽  
Energy Sources ◽  
Power Base ◽  
Investment Priority

Raksta mērķis ir apzināt atjaunojamo energoresursu tiesisko regulējumu, tā atbalsta shēmas un problemātiku. Raksta autore skaidro, vai šo tiesību aizsardzības līmenis ir pietiekams, vai ir pieņemtas nepieciešamās materiālo tiesību normas, kā arī vai ir pietiekoši tiesiskie līdzekļi, kas nodrošina šo tiesību aizsardzības ievērošanu, kā arī nākamos soļus energoresursu liberalizācijas posmos. Use of renewable energy increases independence from imported energy, reduces greenhouse gas emissions, as well as increases security of energy supply. However, energy industry concedes that power becomes more vulnerable because of historical paradigms; independent power base is replaced with production from renewable energy sources. This is due to subsidies in the investment priority being cost-effective renewable resources projects. Thus, it is necessary to develop a solution defining how volatile and unpredictable renewable energy sources integrated into the European electricity market can be, while ensuring safe and uninterrupted power supply.

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