The Next-Generation U.S. Retail Electricity Market with Customers and Prosumers—A Bibliographical Survey
Due to the rapidly-changing technologies in the power industry, many new references addressing the frameworks and business models of the next-generation retail electricity market are entering the research community. In particular, considering new customers with considerable demand response awareness...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2017-12-01
|
| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/11/1/8 |
| _version_ | 1818013425596366848 |
|---|---|
| author | Tao Chen Qais Alsafasfeh Hajir Pourbabak Wencong Su |
| author_facet | Tao Chen Qais Alsafasfeh Hajir Pourbabak Wencong Su |
| author_sort | Tao Chen |
| collection | DOAJ |
| description | Due to the rapidly-changing technologies in the power industry, many new references addressing the frameworks and business models of the next-generation retail electricity market are entering the research community. In particular, considering new customers with considerable demand response awareness and so-called prosumers with localized power generation based on distributed energy resources (DERs), the next-generation retail electricity market infrastructure will be a level playing field for local energy transactions, strategic pricing scheme design, new business model design and building an innovative energy ecosystem. Consequently, there is an urgent need to keep track of international experiences and activities taking place in the field of the market mechanism design problem at the distribution level. This paper provides a comprehensive survey of recent technology developments and aims to inspire awareness of the further deregulation of the electricity market, especially in areas close to customers. We mainly bring attention to the more than 90 articles published during the past five years. The collected literature has been divided into different sections to discuss different aspects of the next-generation retail electricity market under the deregulated power industry. |
| first_indexed | 2024-04-14T06:33:00Z |
| format | Article |
| id | doaj.art-ddf66a9ec50141e4b9c00ebcf8f218c0 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-04-14T06:33:00Z |
| publishDate | 2017-12-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-ddf66a9ec50141e4b9c00ebcf8f218c02022-12-22T02:07:34ZengMDPI AGEnergies1996-10732017-12-01111810.3390/en11010008en11010008The Next-Generation U.S. Retail Electricity Market with Customers and Prosumers—A Bibliographical SurveyTao Chen0Qais Alsafasfeh1Hajir Pourbabak2Wencong Su3Department of Electrical Engineering, University of Michigan-Dearborn, Dearborn, MI 48128, USADepartment of Electrical Power and Mechatronics Engineering, Tafila Technical University, Tafila 66110, JordanDepartment of Electrical Engineering, University of Michigan-Dearborn, Dearborn, MI 48128, USADepartment of Electrical Engineering, University of Michigan-Dearborn, Dearborn, MI 48128, USADue to the rapidly-changing technologies in the power industry, many new references addressing the frameworks and business models of the next-generation retail electricity market are entering the research community. In particular, considering new customers with considerable demand response awareness and so-called prosumers with localized power generation based on distributed energy resources (DERs), the next-generation retail electricity market infrastructure will be a level playing field for local energy transactions, strategic pricing scheme design, new business model design and building an innovative energy ecosystem. Consequently, there is an urgent need to keep track of international experiences and activities taking place in the field of the market mechanism design problem at the distribution level. This paper provides a comprehensive survey of recent technology developments and aims to inspire awareness of the further deregulation of the electricity market, especially in areas close to customers. We mainly bring attention to the more than 90 articles published during the past five years. The collected literature has been divided into different sections to discuss different aspects of the next-generation retail electricity market under the deregulated power industry.https://www.mdpi.com/1996-1073/11/1/8retail electricity marketdistribution networkenergy transactionseconomic operation |
| spellingShingle | Tao Chen Qais Alsafasfeh Hajir Pourbabak Wencong Su The Next-Generation U.S. Retail Electricity Market with Customers and Prosumers—A Bibliographical Survey Energies retail electricity market distribution network energy transactions economic operation |
| title | The Next-Generation U.S. Retail Electricity Market with Customers and Prosumers—A Bibliographical Survey |
| title_full | The Next-Generation U.S. Retail Electricity Market with Customers and Prosumers—A Bibliographical Survey |
| title_fullStr | The Next-Generation U.S. Retail Electricity Market with Customers and Prosumers—A Bibliographical Survey |
| title_full_unstemmed | The Next-Generation U.S. Retail Electricity Market with Customers and Prosumers—A Bibliographical Survey |
| title_short | The Next-Generation U.S. Retail Electricity Market with Customers and Prosumers—A Bibliographical Survey |
| title_sort | next generation u s retail electricity market with customers and prosumers a bibliographical survey |
| topic | retail electricity market distribution network energy transactions economic operation |
| url | https://www.mdpi.com/1996-1073/11/1/8 |
| work_keys_str_mv | AT taochen thenextgenerationusretailelectricitymarketwithcustomersandprosumersabibliographicalsurvey AT qaisalsafasfeh thenextgenerationusretailelectricitymarketwithcustomersandprosumersabibliographicalsurvey AT hajirpourbabak thenextgenerationusretailelectricitymarketwithcustomersandprosumersabibliographicalsurvey AT wencongsu thenextgenerationusretailelectricitymarketwithcustomersandprosumersabibliographicalsurvey AT taochen nextgenerationusretailelectricitymarketwithcustomersandprosumersabibliographicalsurvey AT qaisalsafasfeh nextgenerationusretailelectricitymarketwithcustomersandprosumersabibliographicalsurvey AT hajirpourbabak nextgenerationusretailelectricitymarketwithcustomersandprosumersabibliographicalsurvey AT wencongsu nextgenerationusretailelectricitymarketwithcustomersandprosumersabibliographicalsurvey |