Frontiers of Engineering Management

, Volume 6, Issue 1, pp 128–130 | Cite as

Low-carbon technology calls for comprehensive electricity-market redesign



The energy transition also calls for electricity-market redesign. Low-carbon technologies will fundamentally reshape the electricity sector. The electricity generation and demand will be significantly unpredictable and uncontrollable thus require for a more sophisticated system operation to guarantee the grid stability and reliability. The higher difficulty induced by the green-technology penetration expose the electricity-market to a higher market-failure risk. Thus, the future low-carbon electricity-market and associated regulation scheme require a comprehensive new design.


low-carbon technology electricity-system operation market design 


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Bitar E Y, Rajagopal R, Khargonekar P P, Poolla K, Varaiya P (2012). Bringing wind energy to market. IEEE Transactions on Power Systems, 27(3): 1225–1235CrossRefGoogle Scholar
  2. Carrasco J M, Franquelo L G, Bialasiewicz J T, Galvan E, PortilloGuisado R C, Prats M A M, Leon J I, Moreno-Alfonso N (2006). Power-electronic systems for the grid integration of renewable energy sources: A survey. IEEE Transactions on Industrial Electronics, 53(4): 1002–1016CrossRefGoogle Scholar
  3. Chen L, Mei S (2015). An integrated control and protection system for photovoltaic microgrids. Csee Journal of Power & Energy Systems, 1 (1): 36–42CrossRefGoogle Scholar
  4. Chen Q X, Kang C Q, Xia Q, Zhong J (2010). Power generation expansion planning model towards low-carbon economy and its application in China. IEEE Transactions on Power Systems, 25(2): 1117–1125CrossRefGoogle Scholar
  5. Fernandez L P, Gomez T, Cossent R, Mateo C, Frias P (2011). Assessment of the impact of plug-in electric vehicles on distribution networks. IEEE Transactions on Power Systems, 26(1): 206–213CrossRefGoogle Scholar
  6. Kalathil D, Wu C Y, Poolla K, Varaiya P (2017). The sharing economy for the electricity storage. IEEE Transactions on Smart Grid, 10(1): 556–567CrossRefGoogle Scholar
  7. Munoz-Alvarez D, Tong L (2016). On the efficiency of connection charges under renewable integration in distribution systems. In: 2016 Information Theory and Applications Workshop, IEEEGoogle Scholar
  8. Qin J J, Rajagopal R, Varaiya P P (2018). Flexible market for smart grid: Coordinated trading of contingent contracts. IEEE Transactions on Control of Network Systems, 5(4): 1657–1667MathSciNetCrossRefzbMATHGoogle Scholar
  9. Yi H L, Hajiesmaili MH, Zhang Y, Chen MH, Lin X J (2018). Impact of uncertainty of distributed renewable generation on deregulated electricity supply chain. IEEE Transactions on Smart Grid, 6(6): 6183–6193CrossRefGoogle Scholar
  10. Yu Y, Liu G Y, Zhu WD, Wang F, Shu B, Zhang K, Astier N, Rajagopal R (2017). Good consumer or bad consumer: Economic information revealed from demand profiles. IEEE Transactions on Smart Grid, 9 (3): 2347–2358Google Scholar
  11. Yu Y, Zhang B, Rajagopal R (2014). Do wind power producers have market power and exercise it? In: 2014 IEEE PES General Meeting Conference & Exposition, IEEEGoogle Scholar

Copyright information

© Higher Education Press 2019

Authors and Affiliations

  1. 1.Institute for Interdisciplinary Information SciencesTsinghua UniversityBeijingChina

Personalised recommendations