Redesign Electricity Market for the Next Generation Power System of Renewable Energy and Distributed Storage Technologies

Publication: Research - peer-reviewArticle in proceedings – Annual report year: 2010

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This paper proposes a stochastic time-series based method to simulate the volatility of intermittent renewable generation and distributed storage devices along timeline. The proposed method can calculate the optimal timeline for different electricity markets and power systems. In practice, the proposed method is potentially useful for designing market rules and evaluating different design options. Following works is underway on application and simulation of proposed method using the realistic distribution system of Bornholm Island in Denmark.
Original languageEnglish
Title of host publicationIEEE PES GM 2010
Publication date2010
ISBN (print)978-1-4244-6549-1
ISBN (electronic)978-1-4244-8357-0
StatePublished - 2010


ConferenceIEEE Power and Energy Society General Meeting : Panel Session: International Practices and Guidelines for Distributed Generation
CityMinneapolis, MN, USA
Period01/01/2010 → …
CitationsWeb of Science® Times Cited: No match on DOI


  • regulating power, electricity market, vehicle to grid, power system, distributed storage, renewable energy, time-series analysis, market design, electric vehicle, Monte-Carlo simulation
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ID: 4965843