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Smart Innovations in the Energy Markets: Past, Present and the Future

A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "C: Energy Economics and Policy".

Deadline for manuscript submissions: closed (31 December 2022) | Viewed by 3750

Special Issue Editors


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Guest Editor
Department of Operations Research and Business Intelligence, Faculty of Computer Science and Management, Wrocław University of Science and Technology, 50-370 Wrocław, Poland
Interests: sustainability, emerging technologies, marketing, innovation management
Special Issues, Collections and Topics in MDPI journals

E-Mail Website
Guest Editor
Department of Operations Research and Business Intelligence, Faculty of Computer Science and Management, Wrocław University of Science and Technology, 50-370 Wrocław, Poland
Interests: renewable energy sources; demand side management; energy market; diffusion of innovation; agent-based model

Special Issue Information

Dear Colleagues,

The beginning of the 2nd decade of 21st century marked the revival of the fourth industrial revolution, known as Industry 4.0, where information and communication technology (ICT) has revolutionized the way we live, connect, communicate, do business, govern and much more. Both people and things are becoming smarter by the day and indications of 5.0 phase are fascinating. In these circumstances, fulfilling the demand for energy is a challenge faced by countries all over the world. The COVID-19 pandemic brought about a drastic change in the day-to-day activities as well as the energy usage patterns of individuals and businesses globally. This Special Issue aims to be a compilation of original research articles and review articles which highlight the past, present and future of smart innovations in the energy sector, as a way to tackle the challenges for researchers and practitioners today and in times to come. All the subject areas of Energies journal would be covered by this Special Issue.

 

Dr. Yash Chawla
Prof. Dr. Anna Kowalska-Pyzalska
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Energies is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Smart devices
  • Innovations
  • Sustainable development
  • Energy markets

Published Papers (2 papers)

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Research

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19 pages, 3527 KiB  
Article
An Agent-Based Bidding Simulation Framework to Recognize Monopoly Behavior in Power Markets
by Ye He, Siming Guo, Yu Wang, Yujia Zhao, Weidong Zhu, Fangyuan Xu, Chun Sing Lai and Ahmed F. Zobaa
Energies 2023, 16(1), 434; https://0-doi-org.brum.beds.ac.uk/10.3390/en16010434 - 30 Dec 2022
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Abstract
Although many countries prefer deregulated power markets as a means of containing power costs, a monopoly may still exist. In this study, an agent-based bidding simulation framework is proposed to detect whether there will be a monopoly in the power market. A security-constrained [...] Read more.
Although many countries prefer deregulated power markets as a means of containing power costs, a monopoly may still exist. In this study, an agent-based bidding simulation framework is proposed to detect whether there will be a monopoly in the power market. A security-constrained unit commitment (SCUC) is conducted to clear the power market. Using the characteristics that the agent can fully explore in a certain environment and the Q-learning algorithm, each power producer in the power market is modeled as an agent, and the agent selects a quotation strategy that can improve profits based on historical bidding information. The numerical results show that in a power market with monopoly potential among the power producers, the profits of the power producers will not converge, and the locational marginal price will eventually become unacceptable. Whereas, in a power market without monopoly potential, power producers will maintain competition and the market remains active and healthy. Full article
(This article belongs to the Special Issue Smart Innovations in the Energy Markets: Past, Present and the Future)
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Review

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31 pages, 933 KiB  
Review
Electricity Trading in Energy Market Integration: A Theoretical Review
by Muhumuza Ezra Rubanda, Livingstone Senyonga, Mohammed Ngoma and Muyiwa S. Adaramola
Energies 2023, 16(1), 103; https://0-doi-org.brum.beds.ac.uk/10.3390/en16010103 - 22 Dec 2022
Cited by 2 | Viewed by 1866
Abstract
This paper surveys theory and practice on how a larger and integrated energy market can propel electricity trading through economies of scale. We make a systematic presentation of theories and methods used by various scholars to generate knowledge on integrated electricity markets. We [...] Read more.
This paper surveys theory and practice on how a larger and integrated energy market can propel electricity trading through economies of scale. We make a systematic presentation of theories and methods used by various scholars to generate knowledge on integrated electricity markets. We discuss paradigms, concepts, and practices emanating from the complex topic of a unified electricity market with an intent to identify gaps. We conclude that electricity trading in EMI has a propensity to drive both economic integration and sustainable energy access; that crafting ways and means for integrating cross-border systems without sacrificing the local economy could make the idea of EMI more palatable to partner countries; and that adoption of ex ante studies that are non-data oriented could improve the design of upcoming regional electricity markets. Full article
(This article belongs to the Special Issue Smart Innovations in the Energy Markets: Past, Present and the Future)
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