Related papers: Financial Storage Rights in Electric Power Network…
The rapid growth of proactive consumers with distributed power generation and storage capacity, empowered by Internet of Things (IoT) devices, is transforming modern power markets into an independent, flexible, and distributed structure. In…
Large, spatially flexible electricity consumers such as data centers can reallocate demand across locations, influencing dispatch and prices in wholesale electricity markets. While flexible load is often assumed to improve system…
The increasing penetration of renewable energy in recent years has led to more uncertainties in power systems. In order to maintain system reliability and security, electricity market operators need to keep certain reserves in the…
Grid-connected hybrid renewable power systems with energy storage can reduce the intermittency of renewable power supply. However, emerging energy storage technologies need improvement to compete with lithium-ion batteries and reduce the…
Securing an adequate supply of dispatchable resources is critical for keeping a power system reliable under high penetrations of variable generation. Traditional resource adequacy mechanisms are poorly suited to exploiting the growing…
The integration of renewable generation poses operational and economic challenges for the electricity grid. For the core problem of power balance, the legacy paradigm of tailoring supply to follow random demand may be inappropriate under…
Load-serving entities which procure electricity from the wholesale electricity market to service end-users face significant quantity and price risks due to the volatile nature of electricity demand and quasi-fixed residential tariffs at…
Renewable energy sources (RES) has gained significant interest in recent years. However, due to favourable weather conditions, the RES is installed in remote locations with limited transmission capacity. As a result, it can lead to major…
Driven by the global decarbonization effort, the rapid integration of renewable energy into the conventional electricity grid presents new challenges and opportunities for the battery energy storage system (BESS) participating in the energy…
Battery storage is essential to enhance the flexibility and reliability of electric power systems by providing auxiliary services and load shifting. Storage owners typically gains incentives from quick responses to auxiliary service prices,…
Sharing economy has become a socio-economic trend in transportation and housing sectors. It develops business models leveraging underutilized resources. Like those sectors, power grid is also becoming smarter with many flexible resources,…
Future inverter-dominated power systems feature higher variability and more stressed operating conditions, which motivates the consideration of stability in operational settings. Existing approaches to stability-constrained OPF often rely…
Electricity distribution companies deploy battery storage to defer grid upgrades by reducing peak demand. In deregulated jurisdictions, such storage often sits idle because regulatory constraints bar participation in electricity markets.…
The increasing penetration of volatile renewables combined with increasing demands poses a challenge to modern power grids. Furthermore, distributed energy resources and flexible devices (electric vehicles, PV generation, ...) are becoming…
The inherent thermal storage capacity of buildings brings considerable thermal flexibility to the heating/cooling loads, which are promising demand response resources for power systems. It is widely believed that integrating the thermal…
In this paper, we consider an energy-harvesting (EH) relay system consisting of a source, a destination, and multiple EH decode-and-forward (DF) relays that can harvest the energy from their received radio signals. A power-splitting ratio…
The implementation of electricity markets based on locational marginal pricing in a multi-settlement process has allowed wholesale competition, with pricing mechanisms that incentivize the optimal allocation of generation, transmission, and…
In this paper, a framework is proposed to coordinate the operation of the independent system operator (ISO) and distribution system operator (DSO) to leverage the wholesale market participation of distributed energy resources (DERs)…
Flexible demand response (DR) resources can be leveraged to accommodate the stochasticity of some distributed energy resources. This paper develops an online learning approach that continuously estimates price sensitivities of residential…
An approach for reaching the net-zero carbon electricity grid is to intensify the deployment of distributed renewable generation resources such as photovoltaic (PV) solar and wind generation, complemented with stationary and mobile…