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The Next-Generation U.S. Retail Electricity Market with Customers and Prosumers—A Bibliographical Survey

Tao Chen (), Qais Alsafasfeh (), Hajir Pourbabak () and Wencong Su ()
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Tao Chen: Department of Electrical Engineering, University of Michigan-Dearborn, Dearborn, MI 48128, USA
Qais Alsafasfeh: Department of Electrical Power and Mechatronics Engineering, Tafila Technical University, Tafila 66110, Jordan
Hajir Pourbabak: Department of Electrical Engineering, University of Michigan-Dearborn, Dearborn, MI 48128, USA
Wencong Su: Department of Electrical Engineering, University of Michigan-Dearborn, Dearborn, MI 48128, USA

Energies, 2017, vol. 11, issue 1, 1-17

Abstract: Due to the rapidly-changing technologies in the power industry, many new references addressing the frameworks and business models of the next-generation retail electricity market are entering the research community. In particular, considering new customers with considerable demand response awareness and so-called prosumers with localized power generation based on distributed energy resources (DERs), the next-generation retail electricity market infrastructure will be a level playing field for local energy transactions, strategic pricing scheme design, new business model design and building an innovative energy ecosystem. Consequently, there is an urgent need to keep track of international experiences and activities taking place in the field of the market mechanism design problem at the distribution level. This paper provides a comprehensive survey of recent technology developments and aims to inspire awareness of the further deregulation of the electricity market, especially in areas close to customers. We mainly bring attention to the more than 90 articles published during the past five years. The collected literature has been divided into different sections to discuss different aspects of the next-generation retail electricity market under the deregulated power industry.

Keywords: retail electricity market; distribution network; energy transactions; economic operation (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2017
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