Centralized and Decentralized Electricity Markets: Assessment of Operational and Economic Aspects
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
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
Peer-reviewed publications
Conference Papers
Work produced at EPFL
Published
Record creation date
2016-10-18