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The Strathprints institutional repository is a digital archive of University of Strathclyde's Open Access research outputs. Strathprints provides access to thousands of Open Access research papers by University of Strathclyde researchers, including by researchers from the Department of Computer & Information Sciences involved in mathematically structured programming, similarity and metric search, computer security, software systems, combinatronics and digital health.

The Department also includes the iSchool Research Group, which performs leading research into socio-technical phenomena and topics such as information retrieval and information seeking behaviour.

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Dynamic pricing in highly distributed power systems of the future

Kockar, I. and Papadaskalopoulos, D. and Strbac, G. and Pudjianto, D. and Galloway, S. and Burt, G. (2011) Dynamic pricing in highly distributed power systems of the future. In: Proceedings of the 2011 IEEE Power and Energy Society General Meeting. IEEE. ISBN 978-1-4577-1000-1

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Abstract

Existing energy systems and markets are characterized by a relatively small number of participants interacting in high-volume wholesale markets with end-users mainly participating in separate retail markets. This paper presents a work which aims to develop a Distributed Energy Market that brings together all participants in an integrated real-time marketplace. Operation in such markets will be based on dynamic pricing of various services, starting from energy generation, ancillary services and active demand participations. For this operation, new market and businesses models and rules need to be developed and tested.