Insights into Congestion Costs and Financial Risk Management: The Electricity Market

Mosconi, Enrico Maria; Poponi, Stefano; Silvestri, Cecilia

doi:10.1016/j.procs.2015.05.087

Cited by 4 publications

(5 citation statements)

References 22 publications

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“…In other words, more residences require the community to obtain energy from external sources, reducing the community's profits and making it more dependent on external sources. Additionally, it indicates an increase in energy loss due to transformers and other conversion devices [4], [16].…”

Section: Discussionmentioning

confidence: 99%

The Effect Of The Number of Units On Peer-to-Peer Energy Trading

2023

International Conference on Innovative Academic Studies

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In recent years, there has been a significant and rapid expansion in the energy sector. Renewable energy sources have made substantial inroads into the electricity grid, resulting in their substantial contribution to the overall energy mix. This shift towards renewables has introduced new complexities into energy estimation and trading, particularly in the electrical energy market, where the reliance on meteorological conditions is significant. Developing effective energy trading strategies has become paramount to ensuring the efficient functioning of smart grids, as they play a crucial role in alleviating system stress. Nevertheless, the burgeoning number of smart grid users has presented substantial challenges for maintaining stability and efficiency in energy trading operations [1], [12]. Furthermore, amidst the escalating global energy crisis, which has been linked to geopolitical conflicts and the dominance of powerful nations in fossil fuel reserves, many countries are pivoting towards clean and sustainable energy sources, accompanied by the implementation of new legal frameworks. One such legal development pertains to commercial laws in the electrical energy sector [2]. This study, centered on the electricity trading landscape, conducted a comparative analysis within the Emir community. It was observed that the number of households on the consumer side has a significant impact on cost escalation. To mitigate this rising cost trend, it becomes imperative to enact legislation that delineates construction criteria to be adhered to by communities [3], [13]. In this study, the introductory section highlights the importance of electricity trading, followed by an examination of peer-to-peer energy trading. The research investigates how the quantity of residential units affects trade dynamics and resulting profitability. The concluding segment of the study presents the findings and provides recommendations for future directions [4].

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Section: Discussionmentioning

confidence: 99%

The Effect Of The Number of Units On Peer-to-Peer Energy Trading

2023

International Conference on Innovative Academic Studies

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“…According to the results we found in this study, the location and arrangement of consumers in an electricity grid is effective in peer-to-peer energy trading. [4], [16] In the current system, energy is distributed from a dam or nuclear power plant to a large area, which means more expensive energy for the consumer, but with distributed renewable power plants and energy storage systems, we can minimize the distance and distribute cheaper energy. [5], [19] V. CONCLUSION According to my comparison, the farther the distance between the residences, the higher the volume of energy in trade, causing higher costs.…”

Section: Methods and Programmentioning

confidence: 99%

The importance of classification in reducing the congestion price in peerto-peer energy trading

Hanari,

Baysal

2023

ICCAR

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Peer-to-peer energy trading is a model in which energy can be exchanged directly betweenenergy producers and consumers. This model offers an innovative approach to energy markets. Intraditional energy trading models, energy producers collect energy at a single point and then distribute it toconsumption points. However, with peer-to-peer energy trading, energy producers can offer energy directlyto consumers, thus reducing the costs of intermediaries and distribution networks. [1], [12]The importance of the peer-to-peer energy trading model comes from several aspects: Energy Efficiency,Renewable Energy Incentives, Flexibility and Reliability etc.Peer-to-peer energy trading allows the energy system to become more decentralized and more sustainable.However, an appropriate classification and regulation is necessary for peer-to-peer energy trading to workeffectively. [2]The most important of these classifications is the distance category. Distance and peer-to-peer energytrading offers a new paradigm for efficient and sustainable energy distribution. Compared to traditionalenergy distribution models, this new approach allows energy consumers to exchange energy amongthemselves. This aims to provide a more flexible, efficient, and environmentally friendly energydistribution. [3], [13]In this study, I made simulations to see how the distance could have an effect on the energy trade betweenpeers, and as a result of the simulations, the distance and arrangement of consumers from each other wasexamined. As a result, the regulation of consumers has proven to have an effect on trade, and theclassification of consumers shows that it has a large effect on lowering the congestion price.

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“…The main risks of this solution are solidification of salts when they cool and decomposition when they warm up [11]. Some recently commissioned sites have a storage capacity of more than 1 GWh [12]. In thermodynamics, latent heat refers to heat released or absorbed by a body whose temperature remains constant.…”

Section: B Current Solutions Using Natural Resourcesmentioning

confidence: 99%

“…Depending on the physical nature of the electricity grid, congestion may occur on some sections in the event of high local power demands. This congestion will cause the failure of part or all the network, depending on the protection devices inserted and the management methods deployed [12]. One technique commonly used by operators is to isolate the congested part of the network from the rest of the power network.…”

Section: A Usefulness Of Storing Electrical Energymentioning

confidence: 99%

Electrical Energy Large-Scale Storage, A Possible Application in the Russian Federation

Savard¹,

Nikulina²,

Mécemmène³

2019

EJERS

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There are many solutions for storing energy, they can be either mechanical, thermal, chemical, electrochemical or electrical. In a context of smart-grid and micro-grid development, it is necessary to be able to store electrical energy at various points in the network: at the source for intermittent resources, in the network itself to have reserves to ensure exploitation and in consumption areas. Each solution is more or less relevant depending on the storage needs in terms of both power and energy. The evolution of electricity demand in the Russian Federation is a good example to illustrate this issue, especially since it is now planned that all new construction will have an energy storage system, so as to contribute to a better overall exploitation of the network. For intermediate storage, on the network, there is definite potential thanks to the old mines, in particular, that can be developed to store energy in the form of compressed air. In high consumption sites, it is also possible to use storage in the form of large energy banks made up of batteries.

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Insights into Congestion Costs and Financial Risk Management: The Electricity Market

Cited by 4 publications

References 22 publications

The Effect Of The Number of Units On Peer-to-Peer Energy Trading

The Effect Of The Number of Units On Peer-to-Peer Energy Trading

The importance of classification in reducing the congestion price in peerto-peer energy trading

Electrical Energy Large-Scale Storage, A Possible Application in the Russian Federation

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