The electricity price is the sensitive signal of the supply-demand balance and some other market incidents. The analysis of the price data can provide plenty of the market information. It is helpful for the participants to understand the market and improve future strategies. However, most of the...

In this article, a comparative analysis is made between three statistical methods (Taguchi's Orthogonal Array Testing method, Monte Carlo and Two-Point method) by integrating the uncertainty of primary sources of renewable generation in systems of electric power. The modeling of the Institute of...

The electricity price arbitrage from the utility grid can be a major source of revenue for energy storage systems. In most countries, the electricity price is tightly regulated by their government statutory authority or energy regulator to which obey the different power utility and distribution...

Isolated grid diesel-based systems have been a basic electricity system in islands in developing countries. Nevertheless, the increasing diesel price and the higher cost of diesel transport to a long distance to the remote islands make the diesel-based systems unsustainable. This study analyzes...

The purpose of this study is to assess the policy-relevant effects of incorporating a more proper representation of electricity transmission in multi-sector national policy models. This goal is achieved by employing the KAPSARC Energy Model (KEM), which is the first publicly available...

Rural electrification has been identified as one of the essential prerequisite for the development of modern society. Provision of uninterrupted supply for rural enterprises and affordable electricity for low-income users is imperative for the revitalisation of rural areas. Stand-alone...

The current Energy Market is not yet ready for the integration of the Smart Grid context. Concepts such as Demand Response and Distributed Generation, namely renewable energy resources, are not yet included in current business models in order to the system flow properly. Therefore, the authors...

The distributed photovoltaic power generation is an important way to make use of solar energy in cities. China issues a series of policies to support the development of distributed photovoltaics in law, electricity price, grid connection standard, project management, financial support and so on....

Vertical Axis Wind Turbine (VAWT) is relatively simple to implement in urban areas on ground or/and building-roofs, the development of appropriate design of VAWT will open new opportunities for the large-scale acceptance of these machines. The primary objective of this research was to design and...

With buildings accounting for high electrical demand and GHG emissions in Japan, enabling higher penetration of hybrid renewable energy systems can significantly reduce their load demand. This paper proposes an efficient power control scheme and design for a hybrid renewable standalone system...