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Market power and its possible abuse by market participants is one of the main issues in electricity trading and a lot of work is done on establishing trading rules for fair and transparent electricity market. The focus of this paper is to present market power detection techniques which have been proposed in literature with detail review of the tools which could be used in monitoring units of organised...
The retail company on the liberalized electricity market faces an increasing price risk exposure, stemming from the uncertain demand and the wholesale market price volatility. In the paper the influence of the stochastic parameters on the retailer's overall risk exposure is analyzed. After constructing the appropriate models for consumer demand, electricity spot price and forward price curve, the...
The paper presents an organizational structure of an ancillary services market in the Slovenian power system and discusses possible solutions for future development. It is based on the ongoing project ordered by the Energy Agency of the Republic of Slovenia. Its primary goal is to define how ancillary services in Slovenian power system are to be managed. Introduction of a competitive ancillary service...
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