Market Design for a High-Renewables Electricity System

doi:10.3390/books978-3-03936-257-8

Download Url(s)

https://mdpi.com/books/pdfview/book/2793

Contributor(s)

Strielkowski, Wadim (editor)

Language

English

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Abstract

The book provides assessments and evaluations of emerging trends in the electricity markets, with a focus on high-renewables electricity systems. Specifically, various issues are examined, such as wind and solar energy, interconnection, smart meters, smart grids of the future (including their social implications), and peer-to-peer (P2P) electricity trading, which is closely connected to the principle of a sharing economy. The book also contemplates how the market design for a high-renewables electricity system would be different from the classical post-liberalization market design.

URI

https://directory.doabooks.org/handle/20.500.12854/69024

Keywords

renewable energy; sustainable development; gross domestic product; GDP; electrical capacity; energy intensity; hierarchical cluster analysis; energy policy; wholesale market design; Electricity markets; power system; conceptual architecture; distributed generation; flexible resources; local electricity markets; electricity market design; direct current; distribution system; local market; flexibility; microgrids; continuous double auction; Q-learning algorithm; battery energy storage system, Q-cube framework; bidding strategy; emissions trading; electricity price; econometric modeling; time series analysis; emission allowance; electricity market; speculative trading; forward market; integration of renewable sources; integrated markets; co-optimization; reserve allocation; biofuels; electricity generation; power sector; biomass; Jatropha curcas; system integration; power industry; state policy; smart metering; tariff rates; system marginal price; renewable energy sources; photovoltaics; day ahead market; merit order curve; electricity demand; seasonal and daily variation; RES (renewable energy sources) surcharge; energy market; artificial intelligence; digital platform; peer-to-peer; trading mechanism; clearing model; clearing algorithm; trading platform; sustainability; Internet of Energy; smart meters; smart grid; husk; energy supply; efficiency; carbon dioxide; emissions; energy efficiency; economic growth; energy consumption; Czech Republic; Slovakia