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Energies 2018, 11(1), 8; doi:10.3390/en11010008

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

1
Department of Electrical Engineering, University of Michigan-Dearborn, Dearborn, MI 48128, USA
2
Department of Electrical Power and Mechatronics Engineering, Tafila Technical University, Tafila 66110, Jordan
*
Author to whom correspondence should be addressed.
Received: 1 October 2017 / Revised: 14 December 2017 / Accepted: 18 December 2017 / Published: 21 December 2017
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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. View Full-Text
Keywords: retail electricity market; distribution network; energy transactions; economic operation retail electricity market; distribution network; energy transactions; economic operation
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Chen, T.; Alsafasfeh, Q.; Pourbabak, H.; Su, W. The Next-Generation U.S. Retail Electricity Market with Customers and Prosumers—A Bibliographical Survey. Energies 2018, 11, 8.

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