Multiple Electricity Markets Competitiveness Undergoing Symmetric and Asymmetric Renewables Development Policies
This paper scrutinizes the impact of different renewable energy sources (RES) development policies on competitiveness within multiple electricity markets (MEMs). Also, the variation in market power indices by increasing the integration of the markets undergoing symmetric and asymmetric RES developme...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Iran University of Science and Technology
2022-03-01
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| Series: | Iranian Journal of Electrical and Electronic Engineering |
| Subjects: | |
| Online Access: | http://ijeee.iust.ac.ir/article-1-2014-en.html |
| _version_ | 1818892520003731456 |
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| author | S. A. Mozdawar A. Akbari Foroud M. Amirahmadi |
| author_facet | S. A. Mozdawar A. Akbari Foroud M. Amirahmadi |
| author_sort | S. A. Mozdawar |
| collection | DOAJ |
| description | This paper scrutinizes the impact of different renewable energy sources (RES) development policies on competitiveness within multiple electricity markets (MEMs). Also, the variation in market power indices by increasing the integration of the markets undergoing symmetric and asymmetric RES development policies is investigated. To do so, several stochastic mixed-integer non-linear programming objective functions are used in the agent-based simulation framework to model the power plants’ behavior and markets. The case study shows in the low RES penetrated markets, one can say the more integration level of the markets, the lower potential of exercising market power. The reciprocal judgment is true for a high RES penetrated market. Also, large asymmetry in RES development between markets within MEMs may bring about market power problem for a high RES penetrated market. Unlike the asymmetric RES development policies, adopting homogeneous policies in RES development within MEMs reduces the market power potential in all markets and this potential decreases with the increase in the integration of the markets. |
| first_indexed | 2024-12-19T17:58:00Z |
| format | Article |
| id | doaj.art-eb31d83993554ab7b059355f7ba2b903 |
| institution | Directory Open Access Journal |
| issn | 1735-2827 2383-3890 |
| language | English |
| last_indexed | 2024-12-19T17:58:00Z |
| publishDate | 2022-03-01 |
| publisher | Iran University of Science and Technology |
| record_format | Article |
| series | Iranian Journal of Electrical and Electronic Engineering |
| spelling | doaj.art-eb31d83993554ab7b059355f7ba2b9032022-12-21T20:11:46ZengIran University of Science and TechnologyIranian Journal of Electrical and Electronic Engineering1735-28272383-38902022-03-0118120142014Multiple Electricity Markets Competitiveness Undergoing Symmetric and Asymmetric Renewables Development PoliciesS. A. Mozdawar0A. Akbari Foroud1M. Amirahmadi2 Electrical and Computer Engineering Faculty, Semnan University, Semnan, Iran. Electrical and Computer Engineering Faculty, Semnan University, Semnan, Iran. Islamic Azad University-Semnan Branch, Semnan, Iran. This paper scrutinizes the impact of different renewable energy sources (RES) development policies on competitiveness within multiple electricity markets (MEMs). Also, the variation in market power indices by increasing the integration of the markets undergoing symmetric and asymmetric RES development policies is investigated. To do so, several stochastic mixed-integer non-linear programming objective functions are used in the agent-based simulation framework to model the power plants’ behavior and markets. The case study shows in the low RES penetrated markets, one can say the more integration level of the markets, the lower potential of exercising market power. The reciprocal judgment is true for a high RES penetrated market. Also, large asymmetry in RES development between markets within MEMs may bring about market power problem for a high RES penetrated market. Unlike the asymmetric RES development policies, adopting homogeneous policies in RES development within MEMs reduces the market power potential in all markets and this potential decreases with the increase in the integration of the markets.http://ijeee.iust.ac.ir/article-1-2014-en.htmlintegration of the marketsmarket powermultiple electricity marketssymmetric and asymmetric renewable resource development. |
| spellingShingle | S. A. Mozdawar A. Akbari Foroud M. Amirahmadi Multiple Electricity Markets Competitiveness Undergoing Symmetric and Asymmetric Renewables Development Policies Iranian Journal of Electrical and Electronic Engineering integration of the markets market power multiple electricity markets symmetric and asymmetric renewable resource development. |
| title | Multiple Electricity Markets Competitiveness Undergoing Symmetric and Asymmetric Renewables Development Policies |
| title_full | Multiple Electricity Markets Competitiveness Undergoing Symmetric and Asymmetric Renewables Development Policies |
| title_fullStr | Multiple Electricity Markets Competitiveness Undergoing Symmetric and Asymmetric Renewables Development Policies |
| title_full_unstemmed | Multiple Electricity Markets Competitiveness Undergoing Symmetric and Asymmetric Renewables Development Policies |
| title_short | Multiple Electricity Markets Competitiveness Undergoing Symmetric and Asymmetric Renewables Development Policies |
| title_sort | multiple electricity markets competitiveness undergoing symmetric and asymmetric renewables development policies |
| topic | integration of the markets market power multiple electricity markets symmetric and asymmetric renewable resource development. |
| url | http://ijeee.iust.ac.ir/article-1-2014-en.html |
| work_keys_str_mv | AT samozdawar multipleelectricitymarketscompetitivenessundergoingsymmetricandasymmetricrenewablesdevelopmentpolicies AT aakbariforoud multipleelectricitymarketscompetitivenessundergoingsymmetricandasymmetricrenewablesdevelopmentpolicies AT mamirahmadi multipleelectricitymarketscompetitivenessundergoingsymmetricandasymmetricrenewablesdevelopmentpolicies |