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This paper analyzes the impact of renewables on the resource adequacy in German electricity market. A system dynamic model is proposed to model the electricity market by considering the uncertainty of renewable generation. The aim is to investigate the impact of the increasing renewables generation and its intermittency on the profitability of new installed capacity and long term investment decisions...
This paper analyzes the impact of renewables on the resource adequacy in German electricity market. A system dynamic model is proposed to model the electricity market by considering the uncertainty of renewable generation. The aim is to investigate the impact of the increasing renewables generation and its intermittency on the profitability of new installed capacity and long term investment decisions...
This paper analyzes the impact of scarcity prices and demand response capacity on the resource adequacy in the German energy-only market with a probabilistic framework. By considering the uncertainty both in generation and demand side, we implement a Monte Carlo analysis to examine all potential economic and reliability outcomes. A system dynamic model is proposed to evaluate the hourly and annual...
This paper analyzes the impact of effective competition on the supply security problem in the German electricity market. Based on the energy-only resource adequacy mechanism utilized in ERCOT, effective competition is defined by two major elements. The first element is active demand-side participation in the market and the second one is defining optimal price cap in the market to achieve efficient...
This paper presents a modified fuzzy TOPSIS method with a new distance measurement and a fuzzy majority opinion aggregator for a multi criteria decision making (MCDM) problem. The rating of each alternative and the weight of each criterion is described by linguistic terms which can be expressed in triangular fuzzy numbers. We introduce a new distance metric by using graded mean integration representation...
This paper presents a modified fuzzy TOPSIS method with a new distance measurement and a fuzzy majority opinion aggregator for a multi criteria decision making (MCDM) problem. The rating of each alternative and the weight of each criterion is described by linguistic terms which can be expressed in triangular fuzzy numbers. We introduce a new distance metric by using graded mean integration representation...
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