New Tools and Problems in Regulating the Electricity Market

摘要

Problems related to the optimal regulation of wholesale electricity markets in modern conditions are formulated and investigated. The models incorporate opportunities provided by new technical and economic tools: renewable energy sources and storage devices and using multipart tariffs for energy management. The optimization problems are analyzed using Lagrange's theorem and the optimal management strategies are determined both for a scenario in which complete information about random factors is available and for a scenario with probabilistic uncertainty. The economic mechanisms and conditions that could ensure the optimal functioning of the market in relation to public welfare are discussed.