The 11th IASTED European Conference on
Power and Energy Systems
EuroPES 2012

June 25 – 27, 2012
Napoli, Italy


Electricity Market Design: Current Status and Emerging Challenges

Prof. Anastasios Bakirtzis
Aristotle University of Thessaloniki, Greece


Over the last twenty years competitive electricity markets have replaced vertically-integrated utility monopoly structures in many regions around the globe. The electricity sector restructuring unbundled the electricity supply chain introducing competition in its two ends, generation and retail supply, while keeping the two intermediate links, transmission and distribution (the “wires markets”), as regulated monopolies. New organizations, new participants, new products and services, besides the main product which is electric energy, emerged in the restructured electricity sector. The design of competitive electricity markets has proven to be difficult endeavor owing to the complex interactions between the commercial arrangements and the physics of the electricity network, accentuated by the non-storability of electric energy, necessitating the continuous balance of supply and demand.
The speech will address the basic electricity market design principles, the key challenges in designing competitive electricity markets, the market timelines and the prevailing market designs. New challenges due to massive integration of variable renewable generation, deployment of smart grid technologies and electrification of the transportation sector will also be discussed.

Biography of the Keynote Speaker

Keynote Speaker Portrait

Anastasios Bakirtzis is a Professor at the Department of Electrical and Computer Engineering (ECE) of the Aristotle University of Thessaloniki (AUTh), Greece. Before joining AUTh in 1986, he worked as Consultant to Southern Company, Atlanta, Georgia, USA. From 1999 to 2004 he was Deputy Chairman of the Department of Energy Resource Management of AUTh. He was head of the Division of Electric Energy of the ECE Department of AUTh from 1997 to 1999 and from 2009 to 2010. He was director of the Power Systems Laboratory of the ECE Department of AUTh from 2006 to 2010.
Professor Bakirtzis received the diploma of Mechanical and Electrical Engineering from National Technical University, Athens, Greece, in 1979 and the M.S.E.E. and Ph.D. degrees from Georgia Institute of Technology, Atlanta, Georgia, USA in 1981 and 1984, respectively.
His research interests include Power System Operation, Planning and Economics, Electricity Market Design, Optimization Theory and Intelligent Systems Application to Power Systems, Distributed Renewable Generation and Smart Grids. He coordinated several research projects of the Power Systems Lab., many of them funded by the local power industry. Some of the results of these projects, currently in use by the power industry in Greece are: The short-term load forecasting software used by the Hellenic TSO in day-ahead operations scheduling, the methodologies and associate software for Transmission Use of System Charges and for the Transmission Loss allocation used in the Greek power market, as well as the day-ahead scheduling software, used by all major producers in Greece.
He has authored a book on power system economic operation (in Greek) and more than 120 technical papers in scientific journals and conference proceedings. He is member of the Editorial Board of the IEEE Transactions on Power Systems and reviewer of several power systems related scientific journals including the IEEE Transactions on Power Systems, the IET Proceedings on Generation, Transmission and Distribution, Electric Power Systems Research and the International Journal of Electrical Power & Energy Systems. He was Vice Chair of Med Power 2008 and member of the technical program committee of several international conferences on Power Systems including PowerTech, IERP, ISAP, PSCC, EMM, Med Power and ISGT.
Professor Bakirtzis is a senior member of IEEE, member of CIGRE and member of the Technical Chamber of Greece.