Abstract
This paper explains why current electricity markets are not fit for purpose and propose a new market design. Electricity markets operating today were designed for the technical and economic conditions of the 1990's. These conditions have changed substantially, especially with increased [...]
Abstract
Smart charging of electric vehicles (EVs) could potentially facilitate easing network imbalance and grid over-loading issues that are expected to emerge due to the increase in sustainable energy alternatives in the near future. It has been shown that smart charging is technically [...]
Abstract
This paper explains why current electricity markets are not fit for purpose and proposes a new consumer-driven two-market design to support very high penetrations of intermittent renewable energy. The structure encourages demand flexibility; enables consumers to choose what mix [...]