Power systems have distinctive features that greatly complicate the development of auction designs. This study reviews the theory and practice of auction design as it relates specifically to U.S. restructured wholesale power markets, i.e., centrally-administered wholesale power markets with...

The financial implications of losses in transmission and distribution line conductors are analysed, with the introduction of two new universal parameters, viz. Financial Burden Constant (FBC) and Critical Operating Hours (COH). Each size of a transmission line conductor has a distinctive value...

This paper presents a composite generation and transmission system reliability evaluation method incorporating multiple correlations among wind speeds, insolations and bus/regional load curves. The proposed method can accurately model any probability distribution and all the correlations between...

The paper deals with the ways to secure power industry development at a regional level. Requirements and peculiarities of regional energy strategies. The fact that the mentioned strategies act as a tool of priority actualization in terms of regional energy infrastructure development. The...

Ancillary services represent a good business opportunity that must be considered by market players. This paper presents a new methodology for ancillary services market dispatch. The method considers the bids submitted to the market and includes a market clearing mechanism based on deterministic...

This research studies the low carbon transition of the electric power sector in China using a multi-level perspective (MLP) of niches, socio-technical regime, and landscape, as well as literature on innovation systems. Three lines of thought on transition process are integrated in the paper to...

To achieve sustainable development, the focus on power system efficiency should move from analysis of just economic benefits to environmental efficiency studies that assess both economic benefits and carbon emissions. Therefore, balancing the development of different generation forms is a...

Distributed Generation (DG) units are said to have the potential to become an integral part of the future power systems. Today, DG units are characterised by high specific investment costs, but nevertheless are politically promoted because of their high degree of energy efficiency and their...

There is a continuous discussion going on concerning the integration cost of wind power. The integration cost can, for example, be defined as the extra costs in the rest of the system when wind power is introduced, compared with the situation without wind power. The result of the studies depends...

Renewable energy is a viable option for electrical power in developing and emerging nations. In most of these nations, there is a huge demand for energy that far exceeds what the countries are currently able to generate. While some nations are exploring renewable and alternative energy to reduce...