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http://bura.brunel.ac.uk/handle/2438/31450Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Mustapha, MJ | - |
| dc.contributor.author | Taylor, G | - |
| dc.contributor.author | Hulak, D | - |
| dc.coverage.spatial | Cardiff, UK | - |
| dc.date.accessioned | 2025-06-11T15:27:34Z | - |
| dc.date.available | 2025-06-11T15:27:34Z | - |
| dc.date.issued | 2024-09-02 | - |
| dc.identifier | ORCiD: Gareth Taylor https://orcid.org/0000-0003-0867-2365 | - |
| dc.identifier | ORCiD: Daniil Hulak https://orcid.org/0000-0001-8840-3557 | - |
| dc.identifier.citation | Mustapha, M.J., Taylor, G. and Hulak, D. (2024) 'A Novel Methodology to Investigate the Impact of Electricity Market Reforms on Future Electricity Prices', 2024 59th International Universities Power Engineering Conference, UPEC 2024, 2024, pp. 1 - 6. doi: 10.1109/UPEC61344.2024.10892395. | en_US |
| dc.identifier.isbn | 979-8-3503-7973-0 (ebk) | - |
| dc.identifier.issn | 979-8-3503-7974-7 (PoD) | - |
| dc.identifier.uri | https://bura.brunel.ac.uk/handle/2438/31450 | - |
| dc.description.abstract | Electricity market reforms are essential to the United Kingdom (UK) government's plan to achieve net zero by 2035. However, the impact of these reforms on future electricity prices remains challenging due to the complex and intermittent nature of renewable energy sources. This research paper presents a novel methodology to investigate the impact of current electricity market reforms in the UK on future electricity prices. The methodology integrates advanced simulation techniques with a detailed analysis of market mechanisms, providing a comprehensive framework to assess the impacts of regulatory changes. Locational pricing is a proposed alternative to single wholesale market pricing in the recent Review of Electricity Markets Arrangements (REMA) consultation. To conduct the research, the study uses a 36-bus reduced version Great Britain (GB) transmission system using PowerFactory to calculate the prices in each zone based on the Future Energy Scenarios (FES). The findings of this study reveal that adopting locational pricing could result in significant geographical disparities in electricity prices across different zones. | en_US |
| dc.description.sponsorship | 10.13039/501100009614-Petroleum Technology Development Fund (PTDF). | en_US |
| dc.format.extent | 1 - 6 | - |
| dc.format.medium | Print-Electronic | - |
| dc.language.iso | en_US | en_US |
| dc.publisher | Institute of Electrical and Electronics Engineers (IEEE) | en_US |
| dc.rights | Copyright © 2024 Institute of Electrical and Electronics Engineers (IEEE). Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. See: https://journals.ieeeauthorcenter.ieee.org/become-an-ieee-journal-author/publishing-ethics/guidelines-and-policies/post-publication-policies/ | - |
| dc.rights.uri | https://journals.ieeeauthorcenter.ieee.org/become-an-ieee-journal-author/publishing-ethics/guidelines-and-policies/post-publication-policies/ | - |
| dc.source | 59th International Universities Power Engineering Conference (UPEC) | - |
| dc.source | 59th International Universities Power Engineering Conference (UPEC) | - |
| dc.subject | electricity ten year statement | en_US |
| dc.subject | future energy scenarios | en_US |
| dc.subject | locational marginal pricing | en_US |
| dc.subject | optimal power flow | en_US |
| dc.subject | power factory | en_US |
| dc.title | A Novel Methodology to Investigate the Impact of Electricity Market Reforms on Future Electricity Prices | en_US |
| dc.type | Article | en_US |
| dc.date.dateAccepted | 2024-06-15 | - |
| dc.identifier.doi | https://doi.org/10.1109/UPEC61344.2024.10892395 | - |
| dc.relation.isPartOf | 2024 59th International Universities Power Engineering Conference, UPEC 2024 | - |
| pubs.finish-date | 2024-09-06 | - |
| pubs.finish-date | 2024-09-06 | - |
| pubs.publication-status | Published | - |
| pubs.start-date | 2024-09-02 | - |
| pubs.start-date | 2024-09-02 | - |
| dcterms.dateAccepted | 2024-06-15 | - |
| dc.rights.holder | Institute of Electrical and Electronics Engineers (IEEE) | - |
| Appears in Collections: | Dept of Electronic and Electrical Engineering Research Papers | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| FullText.pdf | Copyright © 2024 Institute of Electrical and Electronics Engineers (IEEE). Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. See: https://journals.ieeeauthorcenter.ieee.org/become-an-ieee-journal-author/publishing-ethics/guidelines-and-policies/post-publication-policies/ | 1.07 MB | Adobe PDF | View/Open |
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