Academia.eduAcademia.edu

Power System Economics

description460 papers
group3,889 followers
lightbulbAbout this topic
Power System Economics is the study of the economic principles and market mechanisms that govern the generation, distribution, and consumption of electrical energy. It analyzes the costs, pricing, and regulatory frameworks that influence the efficiency and reliability of power systems, focusing on optimizing resource allocation and ensuring sustainable energy supply.
lightbulbAbout this topic
Power System Economics is the study of the economic principles and market mechanisms that govern the generation, distribution, and consumption of electrical energy. It analyzes the costs, pricing, and regulatory frameworks that influence the efficiency and reliability of power systems, focusing on optimizing resource allocation and ensuring sustainable energy supply.

Key research themes

1. How do electricity tariff structures and market designs influence optimal energy management and demand-side behavior?

This theme investigates the development and impact of electricity tariff models, pricing strategies, and demand-side management (DSM) mechanisms on consumer behavior, market efficiency, and integration of renewable energy sources. Understanding tariff design is crucial for fostering optimal energy use, enabling peak load management, and supporting renewable energy penetration while maintaining fairness and system reliability.

Key finding: This study highlights critical factors influencing electricity tariff design, emphasizing fairness by imposing lower fixed charges on large consumers and higher variable charges on variable loads, as well as simplicity for... Read more
Key finding: This work underlines the critical role of communication and information technology in DSM frameworks, proposing a home energy management system using PWM techniques to control distributed generation and load. It also... Read more
Key finding: The study identifies that increasing Variable Renewable Energy (VRE) penetration introduces operational reliability challenges due to production volatility, necessitating reforms in electricity market rules to enhance... Read more

2. What are the economic feasibility and comparative assessments of renewable and distributed generation technologies in evolving power system economics?

This theme focuses on evaluating investment viability, cost-benefit analysis, and the integration challenges of distributed generation (DG) technologies such as solar photovoltaic (PV), wind, diesel, and hybrid power systems. The objective is to identify economically optimal generation portfolios and contracting strategies for distributed energy resources, considering regulatory frameworks, market mechanisms, and sustainability goals.

Key finding: Through a detailed case study in Maharashtra, India, this paper compares the economic metrics (internal rate of return, benefit-cost ratio) of diesel, wind, and solar PV distributed generation, highlighting the critical role... Read more
Key finding: This research analyzes the economic viability of utility-scale solar PV integration in Brazil, demonstrating financial viability despite regulatory uncertainties. It elaborates on institutional market structures, auction... Read more
Key finding: Analyzing Polish market conditions, the paper proposes a novel mathematical modeling and contracting strategy for hybrid power sources (combining biogas, wind, and solar). It reveals that hourly electricity sales contracts... Read more
Key finding: This study develops an analytical method for optimal siting and sizing of distributed generation to minimize system losses, considering active and reactive power injection. Validation on IEEE test systems reveals significant... Read more
Key finding: Utilizing real operational data, this study assesses the production capacity utilization and cost factors of a hydroelectric plant in Turkey. It defines a novel hourly electricity consumption coefficient highlighting demand... Read more

3. How can coordinated investment and operation in transmission, generation, storage, and ancillary services optimize power system economics under increasing renewable penetration?

This theme explores models and methodologies enhancing coordination among generation investments, transmission planning, storage deployment, and ancillary service provision. It also examines market structures and optimization techniques addressing reliability, cost minimization, and integration of variable renewables, thereby improving long-term system efficiency in liberalized and transitioning electricity markets.

Key finding: Using a detailed integrated model of the PJM regional grid, this study evaluates over 85 million generation, storage, and load scenarios incorporating external social costs. It finds that minimizing social costs rather than... Read more
Key finding: This research assesses aggregated microgrid behavior in energy and flexibility markets, explicitly modeling distributed battery degradation and reserve capacity provisioning. It demonstrates that operational strategies... Read more
Key finding: Providing comparative analysis across European transmission systems, this paper illustrates how ancillary services and balancing responsibility models evolve with increasing renewable shares, showing wide heterogeneity but a... Read more
Key finding: This foresight analysis synthesizes technology cost trends, business model shifts, and evolving regulation as transitional drivers shaping future power systems. It identifies that rapid cost declines in renewables, smart grid... Read more

All papers in Power System Economics

The essence of developing the leadership qualities of the head of Commercial organization lies in the development and application of a set of measures aimed, first of all, at stimulating the “growth points” of the director of this... more
Renewable energy, particularly green energy, is becoming increasingly essential in meeting global energy demands, primarily due to its emphasis on environmental sustainability. In the field of renewable energy, the term 'intermittency'... more
В статье рассматривается цифровая трансформация образования в Таджикистане как стратегический императив в условиях глобальной неопределенности. В рамках реализации ЦУР-4 и Национальной стратегии развития образования до 2030 года в стране... more
The article described measures taken by employees of state and municipal government organizations to improve the professional culture of civil servants. A more comprehensive and different work would have provided a much more comprehensive... more
The application of next-generation information and communication technologies in election campaigns is essential for their full implementation for the needs of modern public administration.
В статье рассматривается, как ИИ влияет на информационный суверенитет Беларуси. Обсуждаются конкретные риски для безопасности страны, в частности дипфейки, предрассудки, заложенные в алгоритмы и манипуляции информацией, предлагаются... more
СОЦИАЛЬНЫЕ ТЕХНОЛОГИИ В УПРАВЛЕНИИ СОВРЕМЕННЫМИ ОРГАНИЗАЦИЯМИ Аннотация. В данной статье анализируется роль и значение социальных технологий в повышении эффективности управления современными организациями. Рассматриваются теоретические и... more
What social psychology has given to an understanding of human nature is the discovery that forces larger than ourselves determine our mental life and our actions-that chief among these forces... [is] the power of the social situation.... more
The article considers the phenomenon of collaborative consumption as an important factor influencing the development of traditional markets. Collaborative consumption, expressed in the exchange of goods and services between consumers... more
The article considers the optimization of human resources as a tool to increase the stability of a credit institution. The key aspects of the impact of human capital on the financial stability of banking institutions are analyzed.... more
Econometrics research on trade blocs requires a multidisciplinary approach that integrates both qualitative and quantitative methods to capture their economic, political, and social dimensions. Quantitative techniques, including... more
The emerging trends of volatile distributed energy resources and micro-grids are putting pressure on electrical power system infrastructure. This pressure is motivating the integration of digital technology and advanced power-industry... more
. The increased concern about the financial losses due to voltage sags and interruptions plus the advancements in power electronics technology have led to the innovation of very fast acting intervening equipment that can mitigate such... more
Le due sfere del mondo. Metropoli, classe, tecnologia, conflitti Intervista a Toni Negri Intervista a Toni Negri Le due sfere del mondo L'intervista è stata realizzata a casa di Toni a Parigi, il 3 maggio 2019. Prima dell'incontro erano... more
6 IP Rebates generalize to many pricing challenges 6.1 This two period generalization does not perform as well as the three-period
As the electricity system shifts from a conventional operating system into a smart grid system, the paper proposes an efficiency-enhancing mechanism comprised of communication-based demand response (CBDR) and a customer-friendly inclining... more
Цифровая экономика стала ключевым фактором экономического развития в XXI веке. В статье рассматриваются основные компоненты цифровой экономики, включая электронную коммерцию, облачные технологии, большие данные, искусственный интеллект и... more
Цифровая экономика стала ключевым фактором экономического развития в XXI веке. В статье рассматриваются основные компоненты цифровой экономики, включая электронную коммерцию, облачные технологии, большие данные, искусственный интеллект и... more
Аннотация В статье рассматривается понятие цифровой экономики, её основные характеристики, ключевые технологии и влияние на социальноэкономическое развитие. Анализируются преимущества и вызовы цифровизации, а также перспективы развития... more
Аннотация В статье рассматривается понятие цифровой экономики, её основные характеристики, ключевые технологии и влияние на социальноэкономическое развитие. Анализируются преимущества и вызовы цифровизации, а также перспективы развития... more
Аннотация В статье рассматривается понятие цифровой экономики, её основные характеристики, ключевые технологии и влияние на социальноэкономическое развитие. Анализируются преимущества и вызовы цифровизации, а также перспективы развития... more
В статье исследована медиакоммуникация в территориальном маркетинге (на примере Респуб- лики Беларусь) с целью роста экономики и устойчивого развития страны. Рассмотрено понятие «территориальный маркетинг». Выявлены ключевые тренды... more
With the crisis in the Brazilian electricity sector in May 2001, many questions were raised regarding the reforms carried out in the sector-privatization. Here we will emphasize two of them. The first referred to the type of development... more
REGO, Erik Eduardo. Proposal for Improving Methodology of Regulated Electricity Procurement Auction: Concepts, Methodologies, and Their Applications. 2012. 248f.
À minha esposa Barbara Grings, a quem dedico este trabalho, mas também agradeço por estar sempre ao meu lado ao longo dessa jornada. À minha amiga e orientadora professora Virgínia Parente, não por formalidade, mas por merecimento, pelo... more
Preface This document outlines a conceptual framework for a new economic model-the Part Consumer Ownership Economy (PCOE). It is shared publicly to invite critique, refinement, and collaboration. The ideas within are untested and offered... more
In this paper, we propose to analyse the pratical task of dealing with uncertainty for security management by Transmission System Operators in the context of day-ahead planning and intraday operation. We propose a general but very... more
Digital transformation of an organization is associated with significant uncertainty, which is especially high in the economic dimension. Identifying potential threats and developing the necessary measures to prevent the negative impact... more
Download research papers for free!