Incentives for industrial loads to provide demand response on day-ahead and reserve markets are affected both by network tariffs, as well as regulations on the provision of flexibility in different markets. This paper uses a numerical model of the chlor-alkali process with a storable...

A flexible coupling of power and heat sectors can contribute to both renewable energy integration and decarbonization. We present a literature review of model-based analyses in this field, focusing on residential heating. We compare geographical and temporal research scopes and identify...

China has shown growing interest in market-based CO2 pricing and is expected to establish a nationwide emission trading system by 2016. This study investigates the implications of CO2 price for China’s power sector decarbonization up to 2050, incorporating different scenarios of fuel prices...

Intermittent renewable energy sources (RES) are increasingly used in many energy systems. The higher capacity of intermittent RES increases the importance of introducing flexible generation units into the electricity system balancing. Distributed district heating plants with combined heat and...

Battery storage technologies have developed to the point that some are mature enough to serve as a generation resource. However, whether a battery can generate profits by interacting solely in energy markets is unclear. Meanwhile, FERC order 784 requires electricity exchange markets in the U.S....

Over the last decade, the share of wind power production has rapidly increased. Thus, the market clearing outcomes have been exposed by inherent power production uncertainty of wind farms. This uncertainty may inevitably affect the behaviors of strategic producers in exercising their market...

Clean energy and water are two essential resources that any society must securely deliver. Their usage raises sustainability issues and questions of nations’ resilience in face of global changes and mega-trends such as population growth, global climate change, and economic growth....

In this study we evaluate the economic potential for energy arbitrage by simulating operation and resulting profits of a small price-taking storage device in South Korea’s electricity market. As demand for electricity continues to grow, maintaining a balanced power system at all times has...

Within an existing transmission network, this paper considers the problem of identifying the wind power plants to be built by a wind power investor to maximize its profit. For this analysis a future target year is considered and the loads at different buses are represented by stepwise...

This paper provides a methodology to build offering curves for a concentrating solar power plant. This methodology takes into account the uncertainty in the thermal production from the solar field and the volatility of market prices. The solar plant owner is a price-taker producer that...