Centralized and Decentralized Electricity Markets: Assessment of Operational and Economic Aspects
Matenli, Anneta; Abbaspourtorbati, Farzaneh; Cherkaoui, Rachid; Mende, Florian; Luongo, Luigi
2016

Abstract

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.

Details

Title Centralized and Decentralized Electricity Markets: Assessment of Operational and Economic Aspects
Author(s) Matenli, Anneta ; Abbaspourtorbati, Farzaneh ; Cherkaoui, Rachid ; Mende, Florian ; Luongo, Luigi
Published in 2016 13Th International Conference On The European Energy Market (Eem)
Pagination 5
Series International Conference on the European Energy Market
Conference 13th International Conference on the European Energy Market (EEM), Porto, PORTUGAL, JUN 06-09, 2016
Date 2016
Publisher New York, Ieee
ISSN 2165-4077
ISBN 978-1-5090-1298-5
Keywords
DOI https://doi.org/10.1109/EEM.2016.7521256
Other identifier(s) View record in Web of Science
Laboratories DESL
Record Appears in Scientific production and competences > STI - School of Engineering > IEM - Institut d'Electricité et de Microtechnique > DESL - Distributed Electrical Systems Laboratory - EOS Holding Chair
Peer-reviewed publications
Conference Papers
Work produced at EPFL
Published
Record creation date 2016-10-18