Related papers: Need-based Communication for Smart Grid: When to I…
We study the design of pricing schemes for a group of consumers with smart meters (e.g., in a Greenfield area) who are connected through a gateway to a traditional electricity greed with a progressive tariff. Because the progressive tariff…
This paper proposes an agent-based model that combines both spot and balancing electricity markets. From this model, we develop a multi-agent simulation to study the integration of the consumers' flexibility into the system. Our study…
In this paper, statistical machine learning algorithms, as well as deep neural networks, are used to predict the values of the price gap between day-ahead and real-time electricity markets. Several exogenous features are collected and…
One of the widely used peak reduction methods in smart grids is demand response, where one analyzes the shift in customers' (agents') usage patterns in response to the signal from the distribution company. Often, these signals are in the…
We propose a real-time nodal pricing mechanism for cost minimization and voltage control in a distribution network with autonomous distributed energy resources and analyze the resulting market using stochastic game theory. Unlike existing…
We consider a scenario where a retailer can set different prices for different consumers in a smart grid. The retailer's objective is to maximize the revenue, minimize the operating cost, and maximize the consumer's welfare. The retailer…
We study the privacy-cost trade-off in a smart meter (SM) system with a renewable energy source (RES) and a finite-capacity rechargeable battery (RB). Privacy is measured by the mutual information rate between the energy demand and the…
A distributed, hierarchical, market based approach is introduced to solve the economic dispatch problem. The approach requires only a minimal amount of information to be shared between a central market operator and the end-users. Price…
In recent years, there has been a significant focus on advancing the next generation of power systems. Despite these efforts, persistent challenges revolve around addressing the operational impact of uncertainty on predicted data,…
There is an opportunity in modern power systems to explore the demand flexibility by incentivizing consumers with dynamic prices. In this paper, we quantify demand flexibility using an efficient tool called time-varying elasticity, whose…
In this paper we propose a tractable quadratic programming formulation for calculating the equilibrium term structure of electricity prices. We rely on a theoretical model described in [21], but extend it so that it reflects actually traded…
Electricity market mechanisms designed to steer sustainable generation of electricity play an important role for the energy transition intended to mitigate climate change. One of the major problems is to complement volatile renewable energy…
We introduce and analyze Markov Decision Process (MDP) machines to model individual devices which are expected to participate in future demand-response markets on distribution grids. We differentiate devices into the following four types:…
This paper studies the energy management in the coordinated multi-point (CoMP) systems powered by smart grids, where each base station (BS) with local renewable energy generation is allowed to implement the two-way energy trading with the…
In this paper, energy efficient power allocation for the uplink of a multi-cell massive MIMO system is investigated. With the simplified power consumption model, the problem of power allocation is formulated as a constrained Markov decision…
Following recent Danish legislation promoting energy communities, we explore how to enable these communities to provide grid services to distribution system operators. In particular, we focus on "capacity limitation services", where we…
Distribution grids across the world are undergoing profound changes due to advances in energy technologies. Electrification of the transportation sector and the integration of Distributed Energy Resources (DERs), such as photo-voltaic…
In this paper, we investigate an energy cost minimization problem for a smart home in the absence of a building thermal dynamics model with the consideration of a comfortable temperature range. Due to the existence of model uncertainty,…
Recent work has suggested reducing electricity generation cost by cutting the peak to average ratio (PAR) without reducing the total amount of the loads. However, most of these proposals rely on consumer's willingness to act. In this paper,…
We formulate optimization problems to study how data centers might modulate their power demands for cost-effective operation taking into account three key complex features exhibited by real-world electricity pricing schemes: (i)…