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This paper presents two alternative electric market structures that increase market efficiency and reduce the cost of implementing RPS mandates. A review of existing market operation and the structure of RPS mandates provides necessary context. One alternative market structure combines a parallel market for stochastic renewable energy with incremental power flow control based on emerging power electronic...
Combined heat and power system (CHP) with renewable energy generation, which operates with high efficiency and low costs, is an important form of microgrid. This paper deals with the problem of economic operation of cogeneration system including wind energy, PV, heat recovery boiler and battery. On the basis of predicting the next 24-hours' wind energy and PV power, power and heat demand, a nonlinear...
Increasing societal concern for global warming and energy security have led many of the US states to adopt policies like Renewable Portfolio Standards (RPS). Introduction of these environmental policies in the energy market are expected to have significant impact on grid operation as well transmission investment. The energy delivery system has to be upgraded significantly in order to make it capable...
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