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Author: Sean Meyn
Publisher: Springer
ISBN: 1493978225
Category : Science
Languages : en
Pages : 516
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Book Description
This volume consists of selected essays by participants of the workshop Control at Large Scales: Energy Markets and Responsive Grids held at the Institute for Mathematics and its Applications, Minneapolis, Minnesota, U.S.A. from May 9-13, 2016. The workshop brought together a diverse group of experts to discuss current and future challenges in energy markets and controls, along with potential solutions. The volume includes chapters on significant challenges in the design of markets and incentives, integration of renewable energy and energy storage, risk management and resilience, and distributed and multi-scale optimization and control. Contributors include leading experts from academia and industry in power systems and markets as well as control science and engineering. This volume will be of use to experts and newcomers interested in all aspects of the challenges facing the creation of a more sustainable electricity infrastructure, in areas such as distributed and stochastic optimization and control, stability theory, economics, policy, and financial mathematics, as well as in all aspects of power system operation.
Author: Sean Meyn
Publisher: Springer
ISBN: 1493978225
Category : Science
Languages : en
Pages : 516
Get Book Here
Book Description
This volume consists of selected essays by participants of the workshop Control at Large Scales: Energy Markets and Responsive Grids held at the Institute for Mathematics and its Applications, Minneapolis, Minnesota, U.S.A. from May 9-13, 2016. The workshop brought together a diverse group of experts to discuss current and future challenges in energy markets and controls, along with potential solutions. The volume includes chapters on significant challenges in the design of markets and incentives, integration of renewable energy and energy storage, risk management and resilience, and distributed and multi-scale optimization and control. Contributors include leading experts from academia and industry in power systems and markets as well as control science and engineering. This volume will be of use to experts and newcomers interested in all aspects of the challenges facing the creation of a more sustainable electricity infrastructure, in areas such as distributed and stochastic optimization and control, stability theory, economics, policy, and financial mathematics, as well as in all aspects of power system operation.
Author: Wadim Strielkowski
Publisher: Elsevier
ISBN: 0128177705
Category : Business & Economics
Languages : en
Pages : 342
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Book Description
Social Impacts of Smart Grids: The Future of Smart Grids and Energy Market Design explores the significant, unexplored societal consequences of our meteoric evolution towards intelligent, responsive and sustainable power generation and distribution systems-the so-called 'smart grid'. These consequences include new patterns of consumption behavior, systems planning under increasing uncertainty, and the ever- growing complexities involved. The work covers the historical impact of the transformation, examines the changing role of production and consumption behavior, articulates the principles and options for socially responsible smart grid power market design, and explores social acceptance of the smart grid. Where relevant, it examines adjacent literatures from P2P electricity markets, electric vehicles, smart homes and smart cities, and related 'internet of energy' developments. Finally, it provides insights into mitigating the likely social consequences of our integrated low-carbon energy future.
Author: Tiago Pinto
Publisher: Academic Press
ISBN: 0128226668
Category : Business & Economics
Languages : en
Pages : 474
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Book Description
Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses current proposed local market models and lessons from their limited practical implementation. The work discusses relevant decision and informatics tools considered important in the implementation of local electricity markets. It also includes a review on management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure. It discusses the current regulatory frameworks available for local electricity market development internationally. The work concludes with a discussion of barriers and opportunities for local electricity markets in the future. - Delineates key components shaping the design and implementation of local electricity market structure - Provides a coherent view on the enabling infrastructures and technologies that underpin local market expansion - Explores the current regulatory environment for local electricity markets drawn from a global panel of contributors - Exposes future paths toward widespread implementation of local electricity markets using an empirical review of barriers and opportunities - Reviews relevant local electricity market case studies, pilots and demonstrators already deployed and under implementation
Author:
Publisher: John Wiley & Sons
ISBN: 1119670144
Category : Technology & Engineering
Languages : en
Pages : 288
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Book Description
Provides comprehensive information on swing contracts for flexible reserve provision in wholesale power markets This book promotes a linked swing-contract market design for centrally-managed wholesale power markets to facilitate increased reliance on renewable energy resources and demand-side participation. The proposed swing contracts are firm or option two-part pricing contracts permitting resources to offer the future availability of dispatchable power paths (reserve) with broad types of flexibility in their power attributes. A New Swing-Contract Design for Wholesale Power Markets begins with a brief introduction to the subject, followed by two chapters that cover: general goals for wholesale power market design; history, operations, and conceptual concerns for current U.S. RTO/ISO-managed wholesale power markets; and the relationship of the present study to previous swing-contract research. The next eight chapters cover: a general swing-contract formulation for centrally-managed wholesale power markets; illustrative swing-contract reserve offers; inclusion of reserve offers with price swing; inclusion of price-sensitive reserve bids; and extension to a linked collection of swing-contract markets. Operations in current U.S. RTO/ISO-managed markets are reviewed in the following four chapters, and conceptual and practical advantages of the linked swing-contract market design are carefully considered. The book concludes with an examination of two key issues: How might current U.S. RTO/ISO-managed markets transition gradually to a swing-contract form? And how might independent distribution system operators, functioning as linkage entities at transmission and distribution system interfaces, make use of swing contracts to facilitate their participation in wholesale power markets as providers of ancillary services harnessed from distribution-side resources? In summary, this title: Addresses problems with current wholesale electric power markets by developing a new swing-contract market design from concept to practical implementation Provides introductory chapters that explain the general principles motivating the new market design, hence why a new approach is required Develops a new type of swing contract suitable for wholesale power markets with increasing reliance on renewable energy and active demand-side participation A New Swing-Contract Design for Wholesale Power Markets is an ideal book for electric power system professionals and for students specializing in electric power systems.
Author: Alessandro Burgio
Publisher: Frontiers Media SA
ISBN: 2832543243
Category : Technology & Engineering
Languages : en
Pages : 211
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Book Description
Author: Bo Nørregaard Jørgensen
Publisher: Springer Nature
ISBN: 3031486528
Category : Computers
Languages : en
Pages : 346
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Book Description
This two-volume set LNCS 14467-14468 constitutes the proceedings of the First Energy Informatics Academy Conference, EI.A 2023,held in Campinas, Brazil, in December 2023. The 39 full papers together with 8 short papers included in these volumes were carefully reviewed and selected from 53 submissions. The conference focuses on the application of digital technology and information management to facilitate the global transition towards sustainable and resilient energy systems.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 108
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Book Description
Author: Jim Wells
Publisher: DIANE Publishing
ISBN: 9780756728281
Category : Political Science
Languages : en
Pages : 106
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Book Description
This report discusses the Federal Energy Regulatory Commission's (FERC) efforts to revise its approach to regulating and overseeing the nation's natural gas and electric power industries in light of these industries' evolution from highly regulated monopolies to competitive energy markets. The report contains recommendations to the Chairman of FERC on developing and implementing an effective regulatory and oversight approach for these markets. It also contains a matter for congressional consideration on the need to review FERC's legal authorities to determine whether revisions are warranted in view of the change to competitive energy markets. Charts, tables and graphs.
Author: United States. Congress. House. Committee on Science and Technology (2007). Subcommittee on Technology and Innovation
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
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Book Description
"As directed by the Energy Independence and Security Act (EISA) of 2007 (P.L. 110-140), the National Institute of Standards and Technology (NIST) is coordinating an effort to develop a common framework and interoperability standards for the smart grid. The purpose of this hearing is to examine the progress of this effort and discuss how standards affect the development of the smart grid and the deployment of smart grid technologies. Additionally, witnesses will discuss current and anticipated challenges associated with these standards and offer their views on the ability of the current process to meet these challenges and develop standards that will enable the growth of a reliable, efficient, and secure smart grid ... The term "smart grid" refers to modernization of the electric grid to incorporate digital computing, microprocessor-based measurement and control, and communication technology. These technologies will enable greater two-way communication between consumers and electricity providers so that consumers can adjust their electricity usage in response to real-time demand and price information. These technologies will also enable two-way energy transfer ... and will help accommodate widespread use of different types of electricity generation and storage options."--P. 3.
Author: Hong Chen
Publisher: John Wiley & Sons
ISBN: 1119082803
Category : Science
Languages : en
Pages : 288
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Book Description
Covers the latest practices, challenges and theoretical advancements in the domain of balancing economic efficiency and operation risk mitigation This book examines both system operation and market operation perspectives, focusing on the interaction between the two. It incorporates up-to-date field experiences, presents challenges, and summarizes the latest theoretic advancements to address those challenges. The book is divided into four parts. The first part deals with the fundamentals of integrated system and market operations, including market power mitigation, market efficiency evaluation, and the implications of operation practices in energy markets. The second part discusses developing technologies to strengthen the use of the grid in energy markets. System volatility and economic impact introduced by the intermittency of wind and solar generation are also addressed. The third part focuses on stochastic applications, exploring new approaches of handling uncertainty in Security Constrained Unit Commitment (SCUC) as well as the reserves needed for power system operation. The fourth part provides ongoing efforts of utilizing transmission facilities to improve market efficiency, via transmission topology control, transmission switching, transmission outage scheduling, and advanced transmission technologies. Besides the state-of-the-art review and discussion on the domain of balancing economic efficiency and operation risk mitigation, this book: Describes a new approach for mass market demand response management, and introduces new criteria to improve system performance with large scale variable generation additions Reviews mathematic models and solution methods of SCUC to help address challenges posed by increased operational uncertainties with high-penetration of renewable resources Presents a planning framework to account for the value of operational flexibility in transmission planning and to provide market mechanism for risk sharing Power Grid Operations in a Market Environment: Economic Efficiency and Risk Mitigation is a timely reference for power engineers and researchers, electricity market traders and analysts, and market designers.
