of day-ahead energy market is computed at the presence of large-scale wind power generation considering hour-ahead deployment reserve market scenarios. Then, equilibrium of hour-ahead reserve market is computed considering results of day-ahead market...

shows that unconventional revolution has multi consequences on energy market like ranking change of world oil regions through exploration of unconventional resources, effect of unconventional resource development on production trend of crude oil, oil...

A group of energy resources (including energy storage units) physically distributed in the network which are placed under a unified and integrated management with a central control system is called a Virtual Power Plant ...

Owing to the interaction between energy and spinning reserve markets, designing proper bid functions and offering

optimal prices to these markets is economically a challenging task from generation companies (GenCos) ...

This paper presents a novel solution method for joint energy and Spinning Reserve

(SR) dispatch problem. In systems in which the Lost Opportunity Cost (LOC) should be paid

to generators, if the LOC is not ...

show that the contribution of a GenCo in each market strongly depends on its production

cost and its level of risk-aversion. Furthermore, if reserve bid acceptance is considered

subjected to winning in the energy market, it can affect the strategic bidding...

In the competitive environment of power industry, analysis of interactions among different

markets is useful for market policy makers to gain access to desirable designs and rules. In this paper,

the energy ...