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This paper proposes a stochastic time-series based method to simulate the volatility of intermittent renewable generation and distributed storage devices along timeline. The proposed method can calculate the optimal timeline for different electricity markets and power systems. In practice, the proposed method is potentially useful for designing market rules and evaluating different design options...
The integration of wind resources into power systems entails new challenges at all levels of the electricity industry. In this paper, we discuss critical issues emerging due to the incorporation of wind power suppliers in existing electricity market designs. We discuss the impacts of wind power intermittency and uncertainty on the planning and operation of the system and markets. In particular, we...
This study provides valuable evaluations and recommendations for the interconnection of large wind projects to a major power grid. Focusing on the intermittent nature of the wind power, a Monte Carlo method has been included in the power market simulation. By performing a dispatch for each hour, the expected behavior of generating resources in the market under a variety of conditions can be studied...
With power deregulation and the formulation of horizontal and competitive electricity market, non-utility-owned distributed generators (DG) are able to feed power into the utility distribution system. Today, the majority of ISOs have established the Demand Response programs to alleviate the transmission bottlenecks and to defer the infrastructure investments, which presents opportunity for distributed...
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