2016 IEEE/PES Transmission and Distribution Conference and Exposition (T&D) 2016
DOI: 10.1109/tdc.2016.7519877
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A hierarchical electricity market structure for the smart grid paradigm

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Cited by 13 publications
(26 citation statements)
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“…On the other hand, semi‐definite programming (SDP) has been equally important for research (Bai, Wei, Fujisawa, & Wang, ; Jubril, Olaniyan, Komolafe, & Ogunbona, ; Lavaei & Low, ). Nevertheless, despite its drawbacks, the DC power flow has also been used for modeling distribution networks sometimes, as in the work done by Manshadi and Khodayar ().…”
Section: Missing Elements For Tso‐dso Coordination In Balancing and Lmentioning
confidence: 99%
“…On the other hand, semi‐definite programming (SDP) has been equally important for research (Bai, Wei, Fujisawa, & Wang, ; Jubril, Olaniyan, Komolafe, & Ogunbona, ; Lavaei & Low, ). Nevertheless, despite its drawbacks, the DC power flow has also been used for modeling distribution networks sometimes, as in the work done by Manshadi and Khodayar ().…”
Section: Missing Elements For Tso‐dso Coordination In Balancing and Lmentioning
confidence: 99%
“…The electricity prices are given in Table 3. Note that the electricity prices are dynamic in reality [35][36][37]. However, since it is not the focus of this paper, a static time of use price is applied for simplicity.…”
Section: Case Study I: Ieee 33-bus Distribution Systemmentioning
confidence: 99%
“…An important part of Demand Side Management (DSM) is Demand Response (DR) which deals with the consumers' behavior and how it can be modified to achieve different objectives. This provides a tool to get a more active participation of customers into the energy market bringing multiple benefits for the participants, as for example reduction in users' payments for electricity, optimization of the investments made by electric distribution, transmission and generation owners, benefits for the environment by increasing the use of sustainable sources of energy, in summary approaching the electricity system to the theory of hierarchical energy resources (7) . Electricity pricing and economic incentives are the primary mechanisms used for achieving consumers participation and consequently shaping the demand curve in the way necessities require (8) , which in general points for flattening the daily demand curve.…”
Section: Figure 1 Hierarchical Energy Resourcesmentioning
confidence: 99%
“…Many schemes of electricity markets do exist as for example the one proposed in (7) which is oriented to the smart grid structure approach, and also on the other hand cases of investigations whose orientation is towards economics which is a defining aspect to consider for any future implementation (12) , or the case in which a smart mini-grid scheme is proposed as a municipal grid for grouping the nano-grids and contribute and participate into the electricity market (20) . Furthermore, there are different scenarios to simulate an electricity market and at the same time the variables taken into consideration differ greatly between the investigations, as for example in the case of (21) where an electricity market is analyzed under a genetic algorithm taking into consideration rated power factor, stochastic load, holding costs, short costs, startup costs and shut down costs.…”
Section: Figure 4 Electricity Smart Grid Integrationmentioning
confidence: 99%