Related papers: A Hybrid Optimization Approach to Demand Response …
The rapid technological advances of cellular technologies will revolutionize network automation in industrial internet of things (IIoT). In this paper, we investigate the two-timescale resource allocation problem in IIoT networks with…
Market power exercise in the electricity markets distorts market prices and diminishes social welfare. Many markets have implemented market power mitigation processes to eliminate the impact of such behavior. The design of mitigation…
Time-and-Level-of-Use (TLOU) is a recently proposed pricing policy for energy, extending Time-of-Use with the addition of a capacity that users can book for a given time frame, reducing their expected energy cost if they respect this…
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…
A number of governments and organizations around the world agree that the first step to address national and international problems such as energy independence, global warming or emergency resilience, is the redesign of electricity…
An existing challenge in power systems is the implementation of optimal demand management through dynamic pricing. This paper encompasses the design, analysis and implementation of a novel on-line pricing scheme based on coalitional game…
In this paper, we derive first and second-order optimality conditions of KKT type for locally optimal solutions to a class of multiobjective optimal control problems with endpoint constraint and mixed pointwise constraints. We give some…
In the context of high fossil fuel consumption and inefficiency within China's energy systems, effective demand-side management is essential. This study examines the thermal characteristics of various building types across different…
We present a detailed review of various Home Energy Management Schemes (HEM,s). HEM,s will increase savings, reduce peak demand and Pto Average Ratio (PAR). Among various applications of smart grid technologies, home energy management is…
New generation electricity network called Smart Grid is a recently conceived vision for a cleaner, more efficient and cheaper electricity system. One of the major challenges of electricity network is that generation and consumption should…
This paper studies how to maximize a spectrum database operator's expected revenue in sharing spectrum to secondary users, through joint pricing and admission control of spectrum resources. A unique feature of our model is the consideration…
The significant presence of demand charges in electric bills motivates large-load customers to utilize energy storage to reduce the peak procurement from the grid. We herein study the problem of energy storage allocation for peak…
In the context of smart grids and load balancing, daily peak load forecasting has become a critical activity for stakeholders of the energy industry. An understanding of peak magnitude and timing is paramount for the implementation of smart…
Retailers have significant potential to improve recommendations through strategic bundling and pricing. By taking into account different types of customers and their purchasing decisions, retailers can better accommodate customer…
In day-ahead electricity markets based on uniform marginal pricing, small variations in the offering and bidding curves may substantially modify the resulting market outcomes. In this work, we deal with the problem of finding the optimal…
Renewable Energy Sources play a key role in smart energy systems. To achieve 100% renewable energy, utilizing the flexibility potential on the demand side becomes the cost-efficient option to balance the grid. However, it is not trivial to…
With the global energy transition and rapid development of renewable energy, the scheduling optimization challenge for combined power-heat systems under new energy integration and multiple uncertainties has become increasingly prominent.…
Goods can exhibit positive externalities impacting decisions of customers in socials networks. Suppliers can integrate these externalities in their pricing strategies to increase their revenue. Besides optimizing the prize, suppliers also…
This paper presents a coordinative demand charge mitigation (DCM) strategy for reducing electricity consumption during system peak periods. Available DCM resources include batteries, diesel generators, controllable loads, and conservation…
Demand response represents a significant but largely untapped resource that can greatly enhance the flexibility and reliability of power systems. This paper proposes a hierarchical control framework to facilitate the integrated coordination…