Wind power forecasting is becoming an important tool in electricity markets, but the use of these forecasts in market operations and among market participants is still at an early stage. The authors discuss the current use of wind power forecasting in U.S. ISO/RTO markets, and offer...

With the increasing penetration of renewable energy, automatic generation control (AGC) capacity requirements will increase dramatically, becoming a challenging task that must be addressed. The rapid growth of electric vehicles (EVs) provides new approaches for the stable operation of power...

In the past 20 years, China has paid significant attention to wind power. Onshore wind power in China has experienced tremendous growth since 2005, and offshore wind power development has been on-going since 2009. In 2010, with a total installed wind power capacity of 41.8GW, China surpassed the...

This paper examines the driving forces for reducing China’s CO2 emission intensity between 1998 and 2008, utilizing the logarithmic mean divisia index (LMDI) technique. By first grouping the CO2 emissions into two categories, those arising from activities related to the electric power industry...

This paper proposes a novel price forecasting method based on wavelet transform combined with ARIMA and GARCH models. By wavelet transform, the historical price series is decomposed and reconstructed into one approximation series and some detail series. Then each subseries can be separately...

Because of China's increasingly limited energy supplies and serious environmental pollution, much attention has been paid to conserving energy and reducing emissions to help the country's economy achieve sustainable development. As the electric power industry is the largest consumer of coal...

This paper uses a new unit commitment model which can simulate the interactions among plug-in hybrid electric vehicles (PHEVs), wind power, and demand response (DR). Four PHEV charging scenarios are simulated for the Illinois power system: (1) unconstrained charging, (2) 3-hour delayed...

To establish a reasonable system and mechanism for Chinese energy prices, we use the Granger causality test, Hodrick–Prescott (HP) filter and time difference analysis to research the pricing relationship between Chinese and international energy prices. We find that Chinese and international...

Concerns over climate change (global warming) are driving innovation for stabilizing and reducing greenhouse gas (GHG) emissions. Technologies like carbon capture and storage (CCS) as well as renewable energy sources including wind and solar have been increasingly used and integrated into...

Unit commitment (UC) is one of the most important daily tasks that independent system operators or regional transmission organizations must accomplish in the electric power market. In the conventional UC problem, especially under a deregulated power system, the power schedule is usually taken as...