Wind energy has been considered as an important substitution of fossil-based energy for future society. However large-scale integration of wind power will introduce great risks to both power system planning and operation due to its stochastic nature. By adopting power system reliability theory,...

Abstract EU power market design has been focused on facilitating trading between countries and for this has defined interfaces for market participants and TSOs between countries. The operation of power systems and markets within countries was not the focus of these developments. This may have...

The penetration of renewable energy sources into power systems has been increasing to mitigate the concerns for the environment, global warming, and rising fuel prices. However, the variability and uncertainty of power output from renewable energy sources raise challenging issues for power...

Abstract EU power market design has been focused on facilitating trading between countries and for this has defined interfaces for market participants and TSOs between countries. The operation of power systems and markets within countries was not the focus of these developments. This may have...

Electric vehicles (EVs) can help decarbonise the transportation sector, which is responsible for a great share of greenhouse gas emissions. Although different measures have been introduced to foster the penetration of EVs in the society, they have not been deployed at a large scale yet. Electric...

In this article we consider how the operator of an electric power system should activate bids on the regulating power market in order to minimize the expected operation cost. Important characteristics of the problem are reaction times of actors on the regulating market and ramp-rates for...