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Introduction of competition in the generation sector has resulted in an interest for modeling the behavior of competitors for all strategic decisions. The behavioral model using conjectural variation (CV) will play a key role in the prediction of behavior of all constituents of power market. The conjecture of a firm is defined as its belief or expectation about how its opponents will react to a change...
Financial transmission rights (FTRs) are complementary to the locational marginal pricing of energy. The basic aim of the FTR mechanism is to guard forward contracts from uncertain congestion charges. FTRs are also useful to individual generators and loads for selling and buying power, respectively, at the prices of other locations. The concept has evolved, encompassing many features such as a simultaneous...
Hybrid optimization model for electric renewables (HOMER), developed by National Renewable Energy Laboratory (NREL), enables economic analysis for single source and hybrid distributed energy resources (DERs). However, current version of HOMER does not support microgrid analysis. In this paper, economic analyzer for distributed energy resources (EADER) is developed. It finds minimum cost of energy...
In India the power sector reforms were initiated in 1991. It began with the participation of the private investors' in generation, and then focused on the unbundling of vertically integrated utilities. The Regulatory Commissions were formed in 1998 and the Electricity Act 2003 was enacted to accelerate the reforms. In states, the reforms were initiated in November 2003. The Karnataka state started...
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