IEEE Transactions on Energy Markets, Policy and Regulation最新文献

IEEE Transactions on Energy Markets, Policy, and Regulation Information for Authors

IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2025-03-14 DOI: 10.1109/TEMPR.2025.3545354

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IEEE Power & Energy Society Information

IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2025-03-14 DOI: 10.1109/TEMPR.2025.3545352

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IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2025-03-14 DOI: 10.1109/TEMPR.2025.3545376

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Regression Equilibrium in Electricity Markets

IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2025-01-17 DOI: 10.1109/TEMPR.2025.3530266

Vladimir Dvorkin

{"title":"Regression Equilibrium in Electricity Markets","authors":"Vladimir Dvorkin","doi":"10.1109/TEMPR.2025.3530266","DOIUrl":"https://doi.org/10.1109/TEMPR.2025.3530266","url":null,"abstract":"In two-stage electricity markets, renewable power producers enter the day-ahead market with a forecast of future power generation and then reconcile any forecast deviation in the real-time market at a penalty. The choice of the forecast model is thus an important strategy decision for renewable power producers as it affects financial performance. In electricity markets with large shares of renewable generation, the choice of the forecast model impacts not only individual performance but also outcomes for other producers. In this paper, we argue for the existence of a competitive regression equilibrium in two-stage electricity markets in terms of the parameters of private forecast models informing the participation strategies of renewable power producers. In our model, renewables optimize the forecast against the day-ahead and real-time prices, thereby maximizing the average profits across the day-ahead and real-time markets. By doing so, they also implicitly enhance the temporal cost coordination of day-ahead and real-time markets. We base the equilibrium analysis on the theory of variational inequalities, providing results on the existence and uniqueness of regression equilibrium in energy-only markets. We also devise two methods to compute regression equilibrium: centralized optimization and a decentralized ADMM-based algorithm.","PeriodicalId":100639,"journal":{"name":"IEEE Transactions on Energy Markets, Policy and Regulation","volume":"3 1","pages":"121-132"},"PeriodicalIF":0.0,"publicationDate":"2025-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143621542","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

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2024 Index IEEE Transactions on Energy Markets, Policy and Regulation Vol. 2 能源市场，政策与监管，第2卷

IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-12-17 DOI: 10.1109/TEMPR.2024.3519796

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IEEE Power & Energy Society Information IEEE电力与能源协会信息

IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-12-12 DOI: 10.1109/TEMPR.2024.3505656

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IEEE Transactions on Energy Markets, Policy, and Regulation Information for Authors IEEE能源市场、政策和法规信息汇刊

IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-12-12 DOI: 10.1109/TEMPR.2024.3505658

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IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-12-12 DOI: 10.1109/TEMPR.2024.3505660

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A Catastrophe Bond Design for the Financial Resilience of Electric Utilities Against Wildfires

IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-11-18 DOI: 10.1109/TEMPR.2024.3501012

Saeed Nematshahi;Behrouz Sohrabi;Ali Arabnya;Amin Khodaei;Erin Belval

{"title":"A Catastrophe Bond Design for the Financial Resilience of Electric Utilities Against Wildfires","authors":"Saeed Nematshahi;Behrouz Sohrabi;Ali Arabnya;Amin Khodaei;Erin Belval","doi":"10.1109/TEMPR.2024.3501012","DOIUrl":"https://doi.org/10.1109/TEMPR.2024.3501012","url":null,"abstract":"The scale of wildfires, in terms of acreage burned and mortality rates, is risingdue to climate change. There are various causes for wildfire ignition; however, power lines are one of the most significant factors, leading to some of the most devastating wildfire events over the past decade and even bankrupting electric utilities. Traditional insurance strategies are often not applicable for providing financial resilience to electric utilities against such catastrophic events. This paper quantifies the associated risk and proposes a catastrophe bond (CAT bond) as a form of parametric insurance to cover a portion of the risk. Vegetative fuel, weather, power grid, and historical wildfire ignition data are integrated into a proposed simulation-based methodology to accurately price the risk of the third-party wildfire liability, transmission line reconstruction, and the cost of load-shedding. The proposed methodology offers a useful tool for transmission system owners to transfer a portion of the risk of wildfire ignition to CAT bond investors. In addition, the premium calculation is analyzed through a sensitivity analysis to calibrate the indemnity-based CAT bond parameters.","PeriodicalId":100639,"journal":{"name":"IEEE Transactions on Energy Markets, Policy and Regulation","volume":"3 1","pages":"133-143"},"PeriodicalIF":0.0,"publicationDate":"2024-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143621897","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

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Exploring and Quantifying the Impact of Ex-Ante Market Power Mitigation in the Integrated European Day-Ahead Electricity Market

IEEE Transactions on Energy Markets, Policy and Regulation Pub Date : 2024-11-15 DOI: 10.1109/TEMPR.2024.3500068

Christos K. Simoglou;Pandelis N. Biskas;Georgios I. Tsoumalis;Alex D. Papalexopoulos

{"title":"Exploring and Quantifying the Impact of Ex-Ante Market Power Mitigation in the Integrated European Day-Ahead Electricity Market","authors":"Christos K. Simoglou;Pandelis N. Biskas;Georgios I. Tsoumalis;Alex D. Papalexopoulos","doi":"10.1109/TEMPR.2024.3500068","DOIUrl":"https://doi.org/10.1109/TEMPR.2024.3500068","url":null,"abstract":"Default Energy Bids (DEBs) lie among the most prominent ex-ante market power mitigation approaches implemented in modern electricity markets. This paper presents a conduct-and-impact methodology for the exploration and quantification of the impact that the enforcement of DEBs would have on the operation of the integrated European day-ahead electricity market as a whole. A quantitative large-scale simulation of the day-ahead market of eighteen European countries has been performed in order to evaluate the effect that the implementation of various DEB levels in the sell orders of thermal generating units would have on the market clearing prices and the associated revenues of market participants. Extensive scenario-based chronological simulations using a specialized and commercially available day-ahead market simulation software for a historical two-month period in 2021-2022 indicated that if thermal generating units were allowed to bid above their average variable cost only by up to 10–30%, day-ahead market clearing prices in most European countries would decrease, also leading to lower market revenues from −5.2% up to −9.9% for all market participants. The proposed methodology is directly applicable to unit-based day-ahead electricity markets in Europe. An extension to European portfolio-based day-ahead markets is also proposed.","PeriodicalId":100639,"journal":{"name":"IEEE Transactions on Energy Markets, Policy and Regulation","volume":"3 1","pages":"83-97"},"PeriodicalIF":0.0,"publicationDate":"2024-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143621543","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

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