The Norwegian Energy Act that came into force in 1991 deregulated the electricity market and removed the former obligation power companies had to supply electricity to the geographical area they were responsible for. Hence producers can supply electricity on the basis of profitability. In 2007...

Faced with ever-increasing demand for electricity, policymakers in South Korea plan to introduce a new tariff regime that properly reflects the varying costs of generation in the wholesale power market. Since it is crucial to have supporting empirical evidence for this regime, this study...

DSM (demand-side management) merits increased attention by power system modelers. Numerical models should incorporate DSM constraints in a complete and consistent way. Otherwise, flawed DSM patterns and distorted conclusions on the system benefits of demand-side management are inevitable....

The power sector faces a rapid transformation worldwide from a dominant fossil-fueled towards a low carbon electricity generation mix. Renewable energy technologies (RES) are steadily becoming a greater part of the global energy mix, in particular in regions that have put in place policies and...

Following the deregulation experience of retail electricity markets in most countries, the majority of the new entrants of the liberalized retail market were pure REP (retail electricity providers). These entities were subject to financial risks because of the unexpected price variations, price...

The present study uses the DHW (domestic hot water) electric backup from solar thermal systems to optimize the total electricity dispatch of an isolated mini-grid. The proposed approach estimates the hourly DHW load, and proposes and simulates different DR (demand response) strategies, from the...

A deregulated market environment in power industries offers utilities or load serving entities the chance to make profit by pursuing a suitable operational strategy. However, the volatility of the real-time market clearing price raises a price risk issue because the load serving entity sells...

Ireland is currently striving to source 10% of the energy required for its transport fleet from renewable energy sources by 2020. As part of the measures being implemented in order to help realise this ambitious target a number of Government schemes have been introduced to financially subsidise...

Over the last few years, load growth, increases in intermittent generation, declining technology costs and increasing recognition of the importance of customer behaviour in energy markets have brought about a change in the focus of Demand Response (DR) in Europe. The long standing programmes...