Related papers: Day-ahead Trading of Aggregated Energy Flexibility…
Bundling a large number of distributed energy resources through a load aggregator has been advocated as an effective means to integrate such resources into whole-sale energy markets. To ease market clearing, system operators allow…
We propose a general two-period model where electrical vehicles (EVs) can reserve charging sessions in the day-ahead market and swap them in the real-time market. Under the model, we explore several candidate mechanisms for running the two…
An important revenue stream for electric battery operators is often arbitraging the hourly price spreads in the day-ahead auction. The optimal approach to this is challenging if risk is a consideration as this requires the estimation of…
The integration of various energy resources with wind farms, results in improved market-aware management of wind generation variations. Consequently, the proposed method minimizes the negative impact associated with wind generation…
New resource mix, e.g., renewable resources, are imposing operational complexities to modern power systems by intensifying uncertainty and variability in the system net load. This issue has motivated independent system operators (ISOs),…
In this paper, we attempt to optimally schedule the charging of long-range battery electric vehicles (BEVs) along highway networks, in order to minimize aggregate costs to the overall system consisting of utilities or electricity providers,…
As conventional flexibility providers are gradually being replaced by variable renewable energies and electricity demand keeps rising, additional flexibility will become increasingly valuable for the power system. Meanwhile, new sources of…
In recent years, electric vehicle (EV) charging stations have witnessed a rapid growth. However, effective management of charging stations is challenging due to individual EV owners' privacy concerns, competing interests of different…
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…
Demand flexibility can offset some of the variability introduced on the supply-side by variable renewable generation. However, most efforts (e.g. control of residential vehicle charging) focus on short durations -- typically on the scale of…
Aggregate peak Electric Vehicle (EV) charging demand is a matter of growing concern for network operators as it severely limits the network's capacity, preventing its reliable operation. Various tariff schemes have been proposed to limit…
Electrified heating systems with thermal storage, such as electric boilers and heat pumps, represent a major source of demand-side flexibility. Under current electricity market designs, balance responsible parties (BRPs) operating such…
This paper examines the electrification of transportation as a response to environmental challenges caused by fossil fuels, exploring the potential of battery electric vehicles and hydrogen fuel cell vehicles as alternative solutions.…
The aggregate demand flexibility of a set of thermostatically controlled residential loads (TCLs) can be represented by a virtual battery (VB) in order to manage their participation in the electricity markets. For this purpose, it is…
The insertion of renewable sources in power systems may cause a decrease in the system's equivalent inertia, which result in the instability of the power system. On the other hand, energy storage systems have proven to be an effective tool…
The integration of energy systems such as electricity and gas grids and power and thermal grids can bring significant benefits in terms of system security, reliability, and reduced emissions. Another alternative coupling of sectors with…
Uncoordinated electric vehicle (EV) charging is altering residential load patterns and pushing distribution transformers to operate beyond their limits. These outcomes can be offset by exploiting the flexibility in work schedules (hybrid,…
In this paper, a novel approach to define the optimal bidding of renewable-only virtual power plants (RVPPs) in the day-ahead, secondary reserve, and intra-day markets is proposed. To this aim, a robust optimization algorithm is developed…
This paper proposes a novel continuous Local Flexibility Market where active power flexibility located in the distribution system can be traded. The market design engages the Market Operator, the Distribution System Operator and Market…
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…