Electricity Trading

Sevaioğlu, Osman
Basic structure of liberalized electrical markets, principles of deregulation, competition and market architecture, market power, wholesale trading, risk management, bilateral and multilateral contracts, hedging, eligible customers, national and cost based tariffs, price cap and revenue cap techniques, stranded costs, balancing and settlement task, spare-reserve capacity, marginal costs, quality of electricity, conditions for quality, retail wheeling, regulation of retail prices, demand management, regulation of transmission system, congestion management, implicit and explicit auctioning, ancillary services, regulation of distribution system, electricity trading by renewables, back-up and capacity trading by renewables, energy regulatory authorities, licensing, market monitoring, market monopoly, cross-monopoly, oligopoly, dominant position and abuse.


Electricity load and price forecasting of Turkish electricity markets
Kalay, Oğuz; Karasözen, Bülent; Department of Financial Mathematics (2018)
Progress on the forecasting techniques of market clearing price (MCP) and system marginal price (SMP) conveys millions of dollars profit to the electricity generator corporations. Therefore, more accurate forecasting system on total electricity load (TEL) and market prices enhances profits of the market participants. System of the Turkish Electricity Market has three interdependent platforms; Day Ahead Market (DAM), Intra-Day Market (IDM) and Balancing Power Market (BPM). MCP and SMP are the most important ...
Electricity Consumption Behaviors and Clustering of Distribution Grids in Terms of Demand Response
Cetinkaya, Umit; Avcı, Ezgi; BAYINDIR, RAMAZAN (2022-01-01)
Knowing of energy consumption behaviors and similarities between consumers becomes extremely important for electric power systems operators to apply green energy trends by ensuring the stability and flexibility of the grid. Especially in the modern power systems and the energy markets, consumer-based market structures must be implemented. Consumer types, energy needs, and demand behaviors of the distribution grid can affect cumulatively the demand behavior of the full electricity system. Thus, understanding...
Short-term electricity load forecasting with special days: an analysis on parametric and non-parametric methods
Erisen, Esra; İyigün, Cem; Tanrisever, Fehmi (Springer, 2019-01-01)
Accurately forecasting electricity demand is a key business competency for firms in deregulated electricity markets. Market participants can reap significant financial benefits by improving their electricity load forecasts. Electricity load exhibits a complex time-series structure with nonlinear relationships among the variables. Hence, models with higher capabilities to capture such nonlinear relationships need to be developed and tested. In this paper, we present a parametric and a nonparametric method fo...
Congestion-driven transmission planning considering incentives for generator investments
Tör, Osman Bülent; Güven, Ali Nezih; Department of Electrical and Electronics Engineering (2008)
This thesis study focuses on transmission expansion planning (TEP) problem for restructured power systems and addresses challenges specifically in countries where electricity market is in developing phase after liberalization of power industry for establishing a competitive market, like Turkey. A novel multi-year TEP approach is developed which considers generation investment cost and transmission congestion level in the planning horizon. The model assesses the impact of generation investments on TEP proble...
Capacity trading in electricity markets
Çubuklu, Ömer; Sevaioğlu, Osman; Department of Electrical and Electronics Engineering (2012)
In electricity markets, capacity cost must be determined in order to make capacity trading. In this thesis, capacity cost and the factors deriving the capacity cost are studied. First, fixed capacity cost of power plants is examined. Direct and indirect costs of fixed capacity cost are detailed with respect to different types of power plants and the impact of these factors to the capacity cost is given. Second, interconnection and system utilization costs of transmission and distribution system are consider...
Citation Formats
O. Sevaioğlu, “Electricity Trading,” 00, 2011, Accessed: 00, 2020. [Online]. Available: https://ocw.metu.edu.tr/course/view.php?id=129.