Search results for "Day-Ahead Market"
showing 2 items of 2 documents
An ACE Wholesale Electricity Market Framework with Bilateral Trading
2011
In this paper, an agent-based simulation model for a hybrid power market structure is presented. A bilateral transaction mechanism is combined with a uniform-pricing auction settlement in order to isolate the impact of medium-term bilateral contracts on market power and spot prices in a competitive wholesale market setting. First we describe the negotiation method for bilateral trading of energy and then introduce a new approach for bidding in the DA market based on the load duration curve. We find that, despite the conventional concerns, the foreclosure effect produced by the bilateral agreement between a generation and a retail business will not necessarily lead to higher prices, and will…
Impact of non-programmable renewable sources in Day-Ahead Market in Sicily. Reasons to make more flexible and smarter the national transmission grid.
2014
This article describes technical and market aspects that characterize the Sicilian electrical system, the non-programmable renewable sources impacts on the energy markets (Day-Ahead Market and ancillary services market) and on Sicilian system operation, to evaluate the grid integration of renewable energy sources in a future Sicilian smart grid.