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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...
Persistent link: https://www.econbiz.de/10012181064
This paper studies the bidding strategy of a Virtual Power Plant (VPP) in a market of energy and regulation service. The operation of distributed energy resources (DER) and battery energy storage inside the VPP is analyzed. A bidding strategy of the VPP including the spinning reserve contract...
Persistent link: https://www.econbiz.de/10012181270
Successful coordination is key for economic and societal wealth. The rich literature on the minimum-effort game (MEG …) has provided valuable insights into coordination, both theoretically and empirically. Yet, although real-world scenarios … often involve asymmetric benefits and/or costs from coordination, most previous studies rely on symmetric MEGs. We …
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theoretical refinements by introducing the concept of <<coordination resources >> to indicate modalities that permit connections … the build-up of partnerships and the complementary role of coordination resources. Social embeddedness appears to be …
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coordination. Such a coordination is easier between neighbors than between very distant countries. As a result, trade increases …
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