scholarly journals Provision of an Optimal Strategy to Forecast the Prices Set by the Electricity Market in the Competitive Iranian Energy Market in Fall

2021 ◽  
Vol 34 (1) ◽  
Keyword(s):  
Electricity Market ◽  
Optimal Strategy ◽  
Energy Market

scholarly journals An Experimental Analysis of Price Formation on the Polish Power Exchange

2015 ◽  
Vol 15 (2) ◽  
pp. 115-127
Author(s):  
Ewa Drabik
Keyword(s):  
Electricity Market ◽  
Market Price ◽  
Market Mechanism ◽  
Financial Supervision ◽  
Energy Market ◽  
Price Support ◽  
Transaction Prices ◽  
Power Exchange ◽  
Energy Trade ◽  
And Control

Abstract The Polish energy market gained its competitive character in late 1990s. At that time in majority of European countries a new law was enacted (in Poland – in 1987), which enabled the creation of internal energy markets. The Polish Power Exchange has been functioning since the end of 1999. However, from the very onset it has constituted a vital component of under grounding liberalization of electricity market. Since it was created the Polish Power Exchange has served as a market mechanism for setting objective energy market price. Support and control of the Polish Financial Supervision Authority guarantee the security of concluded transactions. The spot energy market was created as the first one and has functioned according to the rule of the double auction. The model of Sadrieh will be used for the description of the auction rules applied to the spot energy trade on the Polish Power Exchange. Furthermore, an algorithm on the basis of which it is possible to forecast transaction prices is presented. The effectiveness of this algorithm will be compared with other traditional methods of forecasting transaction prices.

scholarly journals Zonal and Nodal Models of Energy Market in European Union

Energies ◽  
2020 ◽  
Vol 13 (16) ◽  
pp. 4182 ◽  
Author(s):  
Piotr F. Borowski
Keyword(s):  
Power Systems ◽  
Electricity Market ◽  
Point Of View ◽  
Energy Market ◽  
Zone Model ◽  
Social Challenges ◽  
Nodal Model ◽  
New Challenges ◽  
Effective Models ◽  
Zonal Models

Along with economic development and development of power systems, new, more effective models of the energy market are sought. Traditional zonal models used on the electricity market have proved to be poorly adapted to new circumstances and phenomena occurring in the macroeconomic environment. The main aim of the research was to show the direction (including the nodal model and prosumer behavior) in which the energy market should develop in order to meet the state-of-the-art technical, ecological and social challenges. Therefore, with the new challenges, a new chapter has opened up on very interesting research for the electrical industry. There are new solutions for the development and modernization of models from the point of view of management and econometrics of the energy market, adapted to new challenges related to ecology, technology, and competition. This article presents the zone model with its imperfections and suggestions for its improvement and proposes a nodal model that may in the near future become a new model for the functioning of the electricity market in Europe.

scholarly journals Design of the Model of Optimization of Energy Efficiency Management Processes at the Regional Level of Slovakia

Energies ◽  
2021 ◽  
Vol 14 (20) ◽  
pp. 6502
Author(s):  
Martin Rovňák ◽  
Alexander Tokarčík ◽  
Lenka Štofejová ◽  
Roman Novotný ◽  
Peter Adamišin ◽  
...  
Keyword(s):  
Energy Efficiency ◽  
Electricity Market ◽  
Regional Level ◽  
Energy Market ◽  
The European Union ◽  
Suitable Candidate ◽  
Management Efficiency ◽  
Management Processes ◽  
Proposed Model ◽  
One Way Anova

This paper focuses on the issue of energy efficiency management in the region of Prešov self-governing region (PSR), Slovakia, as the energy market is liberalized and the behavior of electricity consumers is influenced not only by conventional but also by alternative suppliers of this type of energy. Based on the statistical evaluation of a questionnaire survey focused on the emotional, behavioral, and cognitive behavior of consumers, a model of optimization of system processes of energy efficiency management at the regional level is presented. A one-way ANOVA and t-test were used to determine statistically significant differences, and Pearson’s correlation coefficient was used to determine a statistically significant relationship. Based on the obtained results, a suitable candidate for efficient electricity management is an employee aged 36 to 50 with a technical focus. The proposed model of optimizing the processes of energy management efficiency at the regional level can also be applied to the supraregional level in the understanding of the geographical division of the European Union, where the same legislative regulations are applied within the liberalized electricity market.

Reconciling the marriage of renewables and gas in the Australian energy market

2020 ◽  
Vol 60 (1) ◽  
pp. 53
Author(s):  
Joshua Stabler
Keyword(s):  
Renewable Energy ◽  
Electricity Market ◽  
East Coast ◽  
Energy Markets ◽  
Energy Market ◽  
Rapid Rise ◽  
The Past ◽  
Energy Projects ◽  
East And West

Australian energy markets have been heavily influenced by the rapid rise of renewable energy projects (wind and solar) during the past three years on both the east and west coasts. While the east and west coast wholesale gas prices have followed very different trajectories, the fundamental implications of new competitive zero cost supply to the electricity industry is similar. While primarily focused on the sharper implications on the east coast energy markets, this paper will also investigate the twin case study of Western Australia and investigate the economic case of gas in the very different electricity market of the 2020s.

Determining the impact of Ukraine’s energy strategy on the efficiency of enterprise management

2021 ◽  
Vol 72 (5) ◽  
pp. 30-40
Author(s):  
T. Tymoshenko ◽  
V. Fidrya
Keyword(s):  
Electricity Market ◽  
Energy Sector ◽  
State Regulation ◽  
Enterprise Management ◽  
Energy Market ◽  
Energy Strategy ◽  
Energy Company ◽  
Industrial Enterprises ◽  
Key Participants ◽  
The Impact

The paper is devoted to the determination of the impact of Ukraine's energy strategy on the efficiency of enterprise management on the example of DTEK, which is one of the key participants in the energy market of Ukraine. Despite the country's constant attention to energy security, the country remains vulnerable to external and internal threats and challenges. That is why the investigation of problems and perspectives of energy market development, as well as the efficiency of its enterprises are extremely important at present. The paper has the applied nature, the research is based on current data of recent years. In particular, the paper presents production volumes, dynamics of export-import and electricity consumption in Ukraine in 2020–2021. The energy market of Ukraine is investigated in detail and the key features of its development are determined. It is determined that the main consumers of electricity in Ukraine are large industrial enterprises and the population. The structure and key participants of management and regulation in the energy sector of Ukraine are revealed in this paper. The state regulation of the electricity market in Ukraine is analyzed, the forms of state aid, benefits and subsidy programs operating in the energy sector are characterized. The main goals of «Energy Strategy of Ukraine for the period up to 2035» project are highlighted and compared with previous programs and plans. It is established that the target parameters of the country's energy strategy should be formed on the basis of energy balance, that is a system of indicators that characterize the resources, production, supply and use of all fuels and energy. To analyze the impact of the country's energy strategy on the efficiency of enterprise management, key financial indicators for the period 2017–2019 of DTEK energy company, including: income, expenses, cost of sales, margin, net profit, assets, investments, paid taxes and others are analyzed. Achievments of the goals of Ukraine's energy strategy in the long-term perspective will contribute to the reduction of dependence on energy imports, overcoming the crisis in economy and increase of the country economic potential as a whole.

FORECASTING ENERGY MARKET DEVELOPMENT SCENARIOS

2020 ◽  
Vol 3 (11) ◽  
pp. 15-19
Author(s):  
I. B. TESLENKO ◽  
◽  
A. A. PROCHNOVA ◽  
Keyword(s):  
Electric Power ◽  
Electricity Market ◽  
Electric Power Industry ◽  
Power Industry ◽  
Market Development ◽  
Energy Market ◽  
Development Scenarios

The article highlights the main challenges faced by the electricity market during the coronavirus pandemic. The main prospects and new trends in the development of the electric power industry are highlighted.

‘Transmission expansion planning under different uncertainties’

2018 ◽  
Vol 4 (10) ◽  
pp. 194-201
Author(s):  
Ercan Şenyiğit
Keyword(s):  
Electricity Market ◽  
Heuristic Method ◽  
Energy Market ◽  
Conduction Model ◽  
Expansion Planning ◽  
Transmission Expansion Planning ◽  
Cross Docking ◽  
Transmission Expansion ◽  
Expansion Plan ◽  
And Storage

This study aimed to determine the transmission expansion plan by considering the uncertainties in the electricity energy market. In the modelling and solution phase, the concept of cross-docking used in logistics and storage will be used, and the electrical conduction model will be created in the cross-docking logic light. With the help of the literature data, the problem will be solved with meta-heuristic method and transmission expansion plan will be established. Our work is aimed to be the interesting modelling work in the field of industrial engineering, addressing many uncertainties in the electricity market. Keywords: ‘Transmission expansion planning, genetic algorithm, uncertainties, electricity, simulation’. 

Study of Distributed Generation Units Impact on Pricing on the Wholesale Power Energy Market

2015 ◽  
Vol 799-800 ◽  
pp. 1199-1205 ◽  
Author(s):  
Ilya D. Polyakov ◽  
Stepan A. Dmitriev ◽  
Pavel V. Chusovitin
Keyword(s):  
Cost Effectiveness ◽  
Power System ◽  
Impact Assessment ◽  
Distributed Generation ◽  
Electricity Market ◽  
Energy Market ◽  
Real Power ◽  
The Real ◽  
Wholesale Electricity Market ◽  
The Cost

This paper is devoted to the study of distributed generation units impact on pricing on the wholesale power energy market. The paper deals with results the analysis of the wholesale electricity market and power. This analysis is necessary for proper impact assessment of distributed generation units on a total optimization. Optimization calculations performed for the real power system, when distributed generation units operating the basic and peak modes, as well as the cost-effectiveness of this modes.

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