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Use of Blockchain Technology in Energy Banking and Electricity Markets

S. K. Jain, Paresh Khandelwal, P. K. Agarwal
2021 HighTech and Innovation Journal  
To ensure energy banking transactions in real-time and free from the perils of financial settlements, this article suggests the use of the Peer-to-Peer (P2P) model of blockchain technology for executing  ...  The power system reforms worldwide have commoditized electric energy and thus the electricity market has been developed.  ...  This is an example of Energy banking through the process of competitive bidding.  ... 
doi:10.28991/hij-2021-02-03-03 fatcat:kflkfiixlrbs3lduem6yvjbnua

Operation of Restructured Power Systems [chapter]

Y. H. Song, X. Wang, J. Z. Liu
2003 Power Systems  
However, this competition also brings many new technical issues and challenges to the operation of restructured power systems.  ...  its planning and operation of the power transmission system.  ...  Data might include locational congestion prices and planning studies that identify options for actions that might be taken to remedy reliability problems on the grid and cost data for some of these actions  ... 
doi:10.1007/978-1-4471-3735-1_1 fatcat:gtahewjrdzdwxh7t6cjbx7djma

SmartGrid initiatives and power market in India

V S K Murthy Balijepalli, S A Khaparde, R P Gupta, Yemula Pradeep
2010 IEEE PES General Meeting  
The current status of the power market as well as initiations of SmartGrids in India are studied to scrutinize the potential power market enhancement with the advent of SmartGrids.  ...  SmartGrids can continue towards enhancement of power market.  ...  Another option is IEC 61850, a standard for data communications among intelligent electronic devices (IEDs) across a power system, which encompass as the CIM model as part of IEC 61970 and IEC 61968.  ... 
doi:10.1109/pes.2010.5589947 fatcat:yiuti32gdzgvhlqcydbxfdsura

Mixed integer non-linear programming and Artificial Neural Network based approach to ancillary services dispatch in competitive electricity markets

Bruno Canizes, João Soares, Pedro Faria, Zita Vale
2013 Applied Energy  
The presented case studies use real AS data from California Independent System Operator (CAISO) to forecast AS requirements.  ...  The ANN is trained using AS historic data and are able to determine the amount of power to be guaranteed for each AS.  ... 
doi:10.1016/j.apenergy.2013.03.031 fatcat:rn34m7ruqbhmnl5qakds3bqmlm

Impact of Reserve Margin Variance on Competition for Creating Price Efficiency and Investment Encouragement

Ira Savitri, Eleftheria M. Polykarpou, Glenn R. Drayton
2013 International Journal of Electrical Energy  
The model was validated for both physical and competition conditions in order to ensure the accurate representation of real market conditions.  ...  Due to a lack of data for the Java-Bali spot-price market, the Australia's National Electricity Market (NEM) was used as a representative of the future spot-price market design of the Java-Bali system.  ...  Ira Savitri wishes to thank Energy Exemplar Pty Ltd for this work. Also to PT PLN (Persero) for the MSc course scholarship.  ... 
doi:10.12720/ijoee.1.4.206-212 fatcat:kqqo3ehu4ngazibp3wlaul76y4

Evaluation of Market Rules Using a Multi-Agent System Method

Nan-Peng Yu, Chen-Ching Liu, J. Price
2010 IEEE Transactions on Power Systems  
Realistic simulation scenarios are constructed for evaluation of the proposed PJM-like market power mitigation rules of the California electricity market.  ...  Index Terms-Electricity market, market design, market power mitigation, multi-agent system, Q-learning.  ...  Roy from Siemens, for their helpful discussions and support. They would also like to thank Prof. G. Sheblé's for the contribution in the initial stage of this research.  ... 
doi:10.1109/tpwrs.2009.2030379 fatcat:gozr2aibjvb5valeaghw7btakq

Auction design in day-ahead electricity markets

J. Contreras, O. Candiles, J.I. de la Fuente, T. Gomez
2001 IEEE Transactions on Power Systems  
Competition in day-ahead electricity markets has been established through auctions where generators and loads bid prices and quantities.  ...  Editor's note: "This paper originally appeared in the IEEE Transactions on Power Systems, vol. 16, no. 1, pp. 88-96, Feb. 2001. It is being republished due to typesetting errors."-M. P.  ...  Meseguer from the Instituto de Investigación Tecnológica (UPCo, Madrid) for their fruitful comments and advice.  ... 
doi:10.1109/59.932276 fatcat:zjyk44ksi5b3riouudnpr7l4em

Two‐stage ANN‐based bidding strategy for a load aggregator using decentralized equivalent rival concept

Mohammad Kiannejad, Mohammad Reza Salehizadeh, Majid Oloomi‐Buygi
2020 IET Generation, Transmission & Distribution  
In this regard, the provision of an effective optimal bidding strategy is very crucial for a load aggregator to increase its profit.  ...  As an intermediator between the wholesale electricity market and retail market, a typical load aggregator submits an optimal bid to the system operator to meet the expected demands of its customers.  ...  of bid options.  ... 
doi:10.1049/gtd2.12007 fatcat:kr5myfndjng3tb4laxrnujj6ni

Competition and the single electricity market: Which lessons for Ireland?

Valeria Di Cosmo, Muireann Á. Lynch
2016 Utilities Policy  
that the regulator should extend regulation to the price and quantity which the dominant firm bids for holding new reliability options.  ...  This paper examines the redesign of the Irish Single Electricity Market in order to comply with the European Target Model for electricity.  ...  The opinions, findings and conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of the Science Foundation Ireland.  ... 
doi:10.1016/j.jup.2016.05.002 fatcat:fjpdzdrwg5a5ffguiqscbzu2sy

A web services based artificial market

Karla Atkins, Chris Barrett, Achla Marathe
2009 Proceedings of the 2009 Winter Simulation Conference (WSC)  
From the software standpoint, the architecture has several unique features, including use of web services for loosely coupling individual elements of the system, an easy to use web based graphical user  ...  The system provides users the unique ability to experiment with a variety of markets such as market for communication spectrum, Internet bandwidth, electricity, as well as traditional commodities like  ...  Her research interests include modeling and simulation of socio-economic systems, computational economics and restructured electricity markets. Her email address is <amarathe@vbi.vt.edu>.  ... 
doi:10.1109/wsc.2009.5429221 dblp:conf/wsc/AtkinsBM09 fatcat:sinbkxqldne4nekfh267ancuva

Experience with PJM market operation, system design, and implementation

A.L. Ott
2003 IEEE Transactions on Power Systems  
He was responsible for implementation of the current PJM locational marginal pricing system, the PJM financial transmission rights auction, and the PJM day-ahead energy market.  ...  Economic incentives drive the convergence of the day-ahead and real-time market prices.  ...  INTRODUCTION P JM OPERATES the world's largest competitive wholesale electricity market and one of North America's largest power grids.  ... 
doi:10.1109/tpwrs.2003.810698 fatcat:yqo5nhtsqzagnpwkbwbeicnjma

Metalearning to support competitive electricity market players' strategic bidding

Tiago Pinto, Tiago M. Sousa, Hugo Morais, Isabel Praça, Zita Vale
2016 Electric power systems research  
other hand, if the main requirement is for the system to be executed rapidly.  ...  In order to overcome this gap, MASCEM (Multi-Agent System for Competitive Energy Markets) [8, 10] has been developed.  ... 
doi:10.1016/j.epsr.2016.03.012 fatcat:uoaj25hkqfezpfjup4ioytqnea

Vendor selection information system on the electronic trading platform for energy supply companies

Rimma Zaripova, Alexander Nikitin, Yulia Hadiullina, Elena Pokaninova, Maxim Kuznetsov, V.A. Golenishchev-Kutuzov
2021 E3S Web of Conferences  
For this purpose, an information system for selecting suppliers on the electronic trading platform has been developed, which enables a more transparent, fast, profitable and less costly selection of the  ...  The main challenges for industrial companies today are to improve the competitiveness of their products and to adapt and respond quickly to changes in the external environment.  ...  The requirements for a supplier selection information system are: -user-friendly interface; -autonomy of operation; -security of data storage; -cost-effectiveness of use.  ... 
doi:10.1051/e3sconf/202128801072 fatcat:3xvgdsotf5e7tausjb4zjlepu4

Market Monitoring and Analysis: Electricity Sector

2015 European Journal of Sustainable Development  
In countries where no "official" power pool has been set up, different kinds of privates" entities, e.g. generators, distributors, traders, large consumers, stock exchanges, system operator etc. or a combination  ...  Electricity market liberalisation is the opening of the market to competition; the extension of vertical unbundling of transmission and distribution from the generation and retailing; and the introduction  ...  unit"s bids, related to the abuse of market power, can be identified by: -Deviation of bids from reference price levels.  ... 
doi:10.14207/ejsd.2015.v4n3p73 fatcat:eh2pdgoi6neh3jdur7pz3zqgae

Evaluating the efficiency of divestiture policy in promoting competitiveness using an analytical method and agent-based computational economics

Morteza Rahimiyan, Habib Rajabi Mashhadi
2010 Energy Policy  
Both methods are applied in a multi-area power system and effects of different divestiture policies on market behavior are analyzed.  ...  The analytical method is applied to solve a designed concentration boundary problem, even for situations where the cost data of generators are unknown.  ...  Fig. 2 .Fig. 3 . 23 Multi-area power system. Structure of the matrix T for three divestiture options. Fig. 4 . 4 Values of HHI min , HHI max and HHI equ for three divestiture options.  ... 
doi:10.1016/j.enpol.2009.11.043 fatcat:uivymt55sbe4hjdg234gvv4tyi
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