Proceedings of the 50th Hawaii International Conference on System Sciences (2017) 2017
DOI: 10.24251/hicss.2017.376
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The Case for a Simple Two-Sided Electricity Market

Abstract: Abstract-This paper builds on the results from our earlier research on the design of electricity markets that have to accommodate the uncertainty associated with high penetrations of renewable sources of energy. The key results show that 1) distributed storage (deferrable demand) is an effective way to reduce total system costs, 2) a simple market structure for energy allows aggregators to meet their customers' energy needs and provide ramping services to the system operator, and 3) using a receding-horizon op… Show more

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