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The demand for electrical power is not constant. There are certain times of the day where the demand levels are much higher than the rest of the day. The demand can often exceed the generation capacity and when that happens, the utility companies can either shed loads or buy additional electrical energy from wholesale electricity markets to close the gap between demand and supply. These markets clear...
This is a summary of the presentation in the special session: “Digital Signal Processing for Green Power Systems and Delivery”. The power sectors in various countries have established competitive markets for an industry that, for decades, consists of utility companies that own and operate generation, transmission and distribution systems. The objective of deregulation in power industry is to enhance...
Security limits in both re-structured and vertically integrated power systems are usually derived based on a limited number of off-line system studies using a previously defined portfolio of demand and generation scenarios, which may incur risk in real-time operation as well as driving high electricity prices. This work addresses the existing challenges facing independent system operators to provide...
The main objective of electricity regulators when establishing electricity markets is to decrease the cost of electricity through competition. However, this scenario can not be achieved without a full participation of the electricity demand by reacting against electricity prices. The aim of this research is to develop tools for helping customers and aggregators to join price and demand response programs,...
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