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For an electric power system to meet the demand for electricity depends not only on subsystems of generation, transmission and distribution, but also on the ability to supply primary energy sources such as natural gas, oil and coal. The effects of a contingency in some of the subsystems, including supply networks, can propagate and affect system operations in terms of availability and price. In a...
Electricity market price may not always be a reference to determine the existence of market power. This paper discusses why electricity price in a day-ahead electricity market may exhibit peaks without representing market manipulation by any of the players. We use genetic algorithms to simulate the trading behavior of artificial agents in the spot market. Two case studies are reported and the results...
The need for short-term generation scheduling with take-or-pay fuel supply contracts is of increased importance for the new restructured electricity industry. This paper presents an integrated multiperiod supply-chain model which includes different types of transportation networks for fuel supply. The model also considers the impact of reliable fuel supply networks on system reliability. Numerical...
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