Centralized and Decentralized Electricity Markets: Assessment of Operational and Economic Aspects

This paper presents the comparison of decentralized and centralized market settings in terms of economic efficiencies, particularly price signals, and operating aspects. The decentralized dispatch consists of an energy auction separated from a contingency analysis. The centralized setting is the conventional economic dispatch. This comparison includes deterministic and stochastic formulations (source of uncertainty is wind generation) applied on the Swiss power system.


Published in:
2016 13Th International Conference On The European Energy Market (Eem)
Presented at:
13th International Conference on the European Energy Market (EEM), Porto, PORTUGAL, JUN 06-09, 2016
Year:
2016
Publisher:
New York, Ieee
ISSN:
2165-4077
ISBN:
978-1-5090-1298-5
Keywords:
Laboratories:




 Record created 2016-10-18, last modified 2018-01-28


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