Search results for "Electricity retailing"
showing 10 items of 16 documents
New dispatching strategy for the integration of active-demand and distributed storage in the electricity market
2015
The proliferation of Distributed Generation (DG) in power systems calls for a redesign of electricity network management, which should be able to accommodate large amounts of intermittent generation. This issue requires a discussion about the current dispatching regulation, giving distributed storage systems and qualified electricity consumption the opportunity to provide ancillary services to the distribution grid. In this work, a new dispatching strategy for the integration of active-demand and distributed storage in the Italian electricity market is presented. The strategy is focused on a distribution Smart Grid (SG), where customers can indirectly participate to the Day-Ahead (DA) and t…
Economic impact of medium-scale battery storage systems in presence of flexible electricity tariffs for end-user applications
2012
This article addresses the question if it is cost-effective to use medium-scale battery storage systems for time-of-use (TMO) energy cost applications at a consumer level, assuming flexible electricity tariffs in the Italian electricity market. TMO application allows customers to reduce their electricity bill charging the storage when off-peak time periods are applied and discharge it during on-peak periods, when electricity energy prices are high. The analysis is carried out taking into account three different electrochemical storage technologies. The economical comparison shows that, at the current costs of storage technologies and at the electricity tariffs currently offered in Italy, th…
Vertical Separation v. Independent Downstream Entry in the Spanish Electricity Network: An Experimental Approach
2007
We present experimental results from a series of sessions organized using the Power Market simulator; a software designed to realistically replicate the Spanish Electricity Market. In the experiments reported here we compare the status quo to two alternative treatments which represent alternative market structures. In one of them, labeled as vertical separation, we assume that power generating firms and electricity distributors-endsuppliers belong to separate business groups. In the second, we study the effect of entry by independent end-suppliers. Both alternative scenarios dominate the status quo in terms of market efficiency, whereas the latter of them dominates the former.
Impacts of Green Electricity Markets in the United Kingdom, Germany and Finland
2014
In liberalized electricity markets, a wide variety of competing green electricity products are available to customers in addition to competition on tariff price. These voluntary products are marketed as environmentally friendly and claimed to support renewable energy production, new capacity building and offer other environmental benefits. We review products in the UK, Germany and Finland and find that they encompass different mechanisms such as renewable sourcing, green funds or carbon offsetting. The interface between voluntary markets and renewable energy policies is especially studied. We assess if voluntary products offer additional benefits and identify possible problems like double c…
A stepwise power tariff model with game theory based on Monte-Carlo simulation and its applications for household, agricultural, commercial and indus…
2019
Abstract The concept of game theory has been adapted in the regulation of retail electricity market within the constraints of stepwise power tariff (SPT) for economic energy consumption. The objective is to increase the penetration level of renewable energy sources (RES) and electric vehicles with implementation of Bayesian game model for categorized (i.e. household, agricultural, commercial & industrial) consumers. Bayesian game model is based on degree of information shared by consumers due to their selfish nature. The main goal is to create an algorithm using constraints RES, storage through electric vehicles, electric wiring, number of consumer, efficient equipment, social status of fam…
Economic feasibility of a customer-side energy storage in the Italian electricity market
2015
Electricity prices show significant short-term variations during the day due to the need of balancing supply and demand in real time. Normally, customers are not exposed to these variations but pay a constant electricity price. In an attempt to reduce the volatility of the wholesale prices, several utilities are moving from conventional fixed-rate pricing schemes to new market-based models, where the electricity price can fluctuate during the day depending on the market conditions. Examples of time-dependent pricing schemes are Time-Of-Use (TOU) tariffs, where the electricity price can take two or three price levels during the day, or Real-Time Pricing (RTP) tariffs, where the energy price …
Green energy products in the United Kingdom, Germany and Finland
2014
In liberalized electricity markets, suppliers are offering several kinds of voluntary green electricity products marketed as environmentally friendly. This paper focuses on the development of these voluntary markets at household level in the UK, Germany and Finland. Since there are already existing renewable energy policies regulating and encouraging the use of renewable energy, it is important to consider whether voluntary products offer real additional benefits above these policies. Problems such as double counting or re-marketing hydropower produced in existing plants are identified. According to our study, the demand varies between countries: in Germany the number of green electricity c…
Technical and economical assessment of distributed electrochemical storages for load shifting applications: An Italian case study
2016
Time-of-use (TOU) energy cost management involves the use of energy storage systems (ESSs) by customers to reduce their electricity bills. The ESS is charged during off-peak time periods, when electricity energy prices are low, and discharged during times when on-peak energy prices are applied. This article addresses the question whether it is economically viable to install medium-scale distributed ESSs designed to lower the electricity cost for a customer-side application, assuming flexible electricity tariffs. The technical/economical evaluation is carried out referring to lithium-ion (Li-ion), sodium sulfur (NaS) and vanadium redox battery (VRB) technologies, performing a parametric anal…
Five-years-long effects of the Italian policies for photovoltaics on the energy demand coverage of grid-connected PV systems installed in urban conte…
2016
Abstract The paper examines the responsiveness of the electricity demand coverage in urban contexts to the changes in the Italian policies for PV systems. The morphological configuration of building roofs according to the number of covered flats, annual data of PV generation and electricity consumptions were considered in the transition from the feed-in tariff (FIT) mechanism to the tax credits scheme currently in force. With the aim of assessing the changes over time in three representative cities, the fluctuations both in the premiums for the produced electricity and the tax credits applied to the PV system costs were observed from July 2010 to February 2016. Furthermore, the main time-va…
Congestion management rules and trading strategies in the Spanish electricity market
2009
Abstract This paper analyses the economic incentives embodied in the rules governing the resolution of transmission constraints in the Spanish wholesale electricity market and the way these incentives may have influenced on the trading behaviour of both the generators and the demand side. The evidence obtained is consistent with them responding to these incentives. In particular, buyers would respond to the way congestion costs are billed to them by abandoning the daily market in favour of the intraday market as far as possible. Additionally, some strategic generators may have been prompted the system operator to require them to inject electricity into the system to solve network congestion…