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The effect of customer participation in electricity markets: an experimental analysis of alternative market structures

N. Adilov, R.E. Schuler, W.D. Schulze, D.E. Toomey
2004 37th Annual Hawaii International Conference on System Sciences, 2004. Proceedings of the  
An experimental structure is demonstrated that represents end-use customers in electricity markets who can substitute part of their usage between day and night.  ...  Three alternative demandside market structures are evaluated: 1) customers pay the same fixed price (FP) in all periods -the base case, 2) a demand response feature (DRP) is added in periods of supply  ...  Alternative Market Structures Considered The experiments are designed to test the efficiency of two alternative forms of active demand-side participation in electricity markets.  ... 
doi:10.1109/hicss.2004.1265174 fatcat:yf5xz47kbrdx5ndaymot4ilx4i

Market design test environments

S. Widergren, J. Sun, L. Tesfatsion
2006 2006 IEEE Power Engineering Society General Meeting  
This paper discusses the use of agent-based computational methods for the study of electricity markets at the wholesale and retail levels, and explores distinctions in problem formulation between these  ...  At the bulk electricity level, several organizations charged with regional system operation are implementing versions of a Wholesale Power Market Platform (WPMP) in response to U.S.  ...  participants might provide valuable guidance for how real-world market participants could automate their decision-making and learning tools to increase their effectiveness in the market.  ... 
doi:10.1109/pes.2006.1708927 fatcat:ut76vg2ai5doljkdshorsbenl4

Duopoly electricity markets with accurate and inaccurate market goals

Zhi Zhou, Wai Kin Victor Chan, Joe H. Chow, Serhiy Kotsan
2009 Proceedings of the 2009 Winter Simulation Conference (WSC)  
We develop an agent-based simulation model for a stylized electricity pool market and simulate the market as a repeated game.  ...  On the other hand, it is also found that inaccurate (or malicious) market goals could result in price war with an equilibrium where their profits are minimized. 978-1-4244-5771-7/09/$26.00 ©2009 IEEE Zhou  ...  INTRODUCTION An electricity market is a complex system because of the nature of the traded goods (electricity) and the complexity of the market structure and composition.  ... 
doi:10.1109/wsc.2009.5429264 dblp:conf/wsc/ZhouCCK09 fatcat:ackfacmozracbmo7ftit22elsq

Research Commentary—Designing Smart Markets

Martin Bichler, Alok Gupta, Wolfgang Ketter
2010 Information systems research  
The idea of smart markets revolves around using theoretically supported computational tools to both understand the characteristics of complex trading environments and multiechelon markets and help human  ...  We outline the research opportunities for complex trading environments primarily from the perspective of design of computational tools to analyze individual market organization and provide decision support  ...  participating in significant segments of the customer market.  ... 
doi:10.1287/isre.1100.0316 fatcat:yoi7t3bmlrfcrfbnic3ifqyrh4

Demand response in experimental electricity markets

Iván Barreda-Tarrazona, Aurora García-Gallego, Marina Pavan, Gerardo Sabater-Grande
2012 Revista Internacional de Sociología  
"the effect of customer participation in electricity markets: an experimental analysis of alternative market structures." proceedings of the 37th annual Hawaii international conference on system sciences  ...  aBSTracT We study consumers' behavior in an experimental electricity market. subjects make decisions concerning the quantity of electric energy they want to consume in three different pricing environments  ... 
doi:10.3989/ris.2011.10.30 fatcat:4vxqv7lh5rezxpcztgdyeifioy

An Analysis of the Swiss Electric Vehicle Market

Stephanie Teufel, Kirstin Stadelmann, Roger Neuhaus
2013 International Journal of Smart Grid and Clean Energy  
We provide a framework for the market and the potential customers of EV to determine precisely the exact segments to include in the research.  ...  The analysis provides information about the potential users of EV who took part in the market survey, their travelling habits, and their interests.  ...  Acknowledgements The authors would like to thank the partners of the ePark project ( for their support: Groupe E SA, iimt -University of Fribourg, Innovation Program of Canton of  ... 
doi:10.12720/sgce.2.2.264-270 fatcat:nqfv44yt75f5bgqyahefj35wwq

Transmission Market Design

William W. Hogan
2003 Social Science Research Network  
The alternative then would be to turn to a regulated investment that, in effect, compels participation in the coalition.  ...  At great expense, the United States has gone through an extended period of experimentation with designs for market institutions for the electricity system.  ... 
doi:10.2139/ssrn.453483 fatcat:dltapurr5vhanjoxswe226ktue

Naive Energy Markets

David B. Spence
2016 Social Science Research Network  
Ideologically, the two major political parties are more homogenous and further apart than at any time since the advent of the modern regulatory state. 1 Political scientists ascribe polarization in Congress  ...  to any number of factors, most of which fall within either of two categories: one focusing on the increasing ideological homogeneity in congressional districts, 2 and a second focusing on various kinds  ...  Alternatively, there has arisen a niche market of demand-side "aggregators," who sign up retail customers to contracts in which the customer pledges to reduce demand (or to allow the aggregator to do so  ... 
doi:10.2139/ssrn.2736499 fatcat:dp5xap4n3fdgzhtbqrjld2ja2q

Innovation and Market Design

Peter Cramton
2009 Innovation Policy and the Economy  
Market design plays an essential role in promoting innovation.  ...  Improved pricing information is one source of innovation. Enhancing competition is another driver of innovation seen in all of the applications.  ...  Effective pricing of scarce resources drives market participants to make good decisions in both the short and long term.  ... 
doi:10.1086/592423 fatcat:rr4ipsfbo5ht5m3t52v4cm5ujq

Retail competition in electricity markets

Christophe Defeuilley
2009 Energy Policy  
The introduction of competition into retail electricity supply gave rise to great expectations.  ...  Short-and medium-term prospects for the evolution of retail markets must be reconsidered from the perspective of greater stability : not a generalization of competition, but rather a persistent segmentation  ...  They help consumers Larsen Retail competition in electricity markets to become active participants in the market process.  ... 
doi:10.1016/j.enpol.2008.07.025 fatcat:pyjepgmkejhefn3zbraw5yehqm

Marketing Strategies to Use Solar Energy in Homes

Rickey Luckett, Charles Needham
2021 Open Journal of Business and Management  
Twenty residential homeowners were interviewed faceto-face to explore: 1) perceived benefits of solar energy in their county in Ohio and 2) perceptions of the rationale behind the marketing strategy of  ...  These strategies may promote solar energy systems as a clean, renewable, and affordable alternative electrical energy source for the 21st century.  ...  The participants understood how the lack of marketing solar energy systems limited their exposure to a new alternative electrical energy source (Yin, 2018) .  ... 
doi:10.4236/ojbm.2021.96165 fatcat:vqmnrbhn6bbx7aq3xuwwsp6ij4

Demand Response and Electricity Market Efficiency

Kathleen Spees, Lester B. Lave
2007 Electricity Journal  
A form of time-of-use pricing happens in deregulated markets when a broker buys electricity in the wholesale market for customers.  ...  The customers that do not participate benefit from lower electricity prices.  ...  To scale the total surplus increase numbers, they are expressed as a percentage of the entire consumer electric bills under the flatrate scenario.  ... 
doi:10.1016/j.tej.2007.01.006 fatcat:jsrpdqcvvvazjhslylngvgylae

Analysis of New Flexibility Market Models in Europe

Orlando Valarezo, Tomás Gómez, José Pablo Chaves-Avila, Leandro Lind, Mauricio Correa, David Ulrich Ulrich Ziegler, Rodrigo Escobar
2021 Energies  
vision of empowering the customers through their active participation in markets.  ...  The analyzed initiatives are relevant to consider alternative designs for European electricity markets.  ...  Nevertheless, they contribute to enhancing the political vision of empowering the customers through their active participation in electricity markets.  ... 
doi:10.3390/en14123521 fatcat:hubcivw7ajd3bbt4x2nxh7jqqu

Deregulated Electricity Market and Auctions: The Italian Case

Luca Grilli
2010 iBusiness  
In this paper we present an analysis of the Italian case in order to show the effects of deregulation on final prices for users.  ...  The Electricity Market (in Europe) undergoes a period of transformations never seen before.  ...  [8] provide an experimental analysis of this problem that is an ongoing debate about market design in the electricity industry.  ... 
doi:10.4236/ib.2010.23030 fatcat:aiguu274p5avxmuxx2do6mmbha

Strategic gaming in electric power markets

Paul R. Kleindorfer, D.-J. Wu, Chitru S. Fernando
2001 European Journal of Operational Research  
This paper presents an overview of strategic gaming used for understanding the effective company and regulatory strategies for various market participants under alternative scenarios on pricing and institutional  ...  structures for electric power.  ...  The authors thank participants in both conferences as well as three anonymous referees for helpful comments.  ... 
doi:10.1016/s0377-2217(00)00048-5 fatcat:tu2ahj5m5nftjlnuk5flsqnrt4
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