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Related papers: A Two Stage Mechanism For Selling Random Power

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We analyze the problem of a renewable generator who wants to sell its random generation in a two-stage market to a number of strategic, but flexible, load serving entities (LSEs). To offer an incentive to participate in the auction, the…

Systems and Control · Computer Science 2018-11-27 Balsam Dakhil , Abhishek Gupta

Among the many challenges of integrating renewable energy sources into the existing power grid, is the challenge of integrating renewable energy generators into the power systems economy. Electricity markets currently are run in a way that…

Computer Science and Game Theory · Computer Science 2012-06-12 Wenyuan Tang , Rahul Jain

A novel distributed energy allocation mechanism for Distribution System Operator (DSO) market through a bi-level iterative auction is proposed. With the locational marginal price at the substation node known, the DSO runs an upper level…

Systems and Control · Computer Science 2017-12-07 Mohammad Nazif Faqiry , Sanjoy Das

Renewable power sources have low marginal pro-duction costs, but may result in high balancing costs due to the inherent production uncertainty. Current day-ahead markets elicit only point production profiles and neglect the degree of…

Systems and Control · Electrical Eng. & Systems 2026-04-06 Shobhit Singhal , Lesia Mitridati , Licio Romao

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…

Systems and Control · Electrical Eng. & Systems 2025-09-03 Pan-Yang Su , Yi Ju , Scott Moura , Shankar Sastry

We consider a two-stage market mechanism for trading electricity including renewable generation as an alternative to the widely used multi-settlement market structure. The two-stage market structure allows for recourse decisions by the…

Computer Science and Game Theory · Computer Science 2021-06-16 Nathan Dahlin , Rahul Jain

We study optimal auction design in an independent private values environment where bidders can endogenously -- but at a cost -- improve information about their own valuations. The optimal mechanism is two-stage: at stage-1 bidders register…

Theoretical Economics · Economics 2025-12-09 Kemal Ozbek

This paper studies risk in a stochastic auction which facilitates the integration of renewable generation in electricity markets. We model market participants who are risk averse and reflect their risk aversion through coherent risk…

Optimization and Control · Mathematics 2020-05-01 Ryan Cory-Wright , Golbon Zakeri

This paper investigates the problem of proportionally fair double sided energy auction involving buying and selling agents. The grid is assumed to be operating under islanded mode. A distributed auction algorithm that can be implemented by…

Computer Science and Game Theory · Computer Science 2016-05-24 M. Nazif Faqiry , Sanjoy Das

Over the last few decades, electricity markets around the world have adopted multi-settlement structures, allowing for balancing of supply and demand as more accurate forecast information becomes available. Given increasing uncertainty due…

Systems and Control · Electrical Eng. & Systems 2020-03-16 Nathan Dahlin , Rahul Jain

Due to the limited predictability of wind power and other stochastic generation, trading this energy in competitive electricity markets is challenging. This paper derives revenue-maximising and risk-constrained strategies for stochastic…

General Finance · Quantitative Finance 2018-05-31 Jethro Browell

Electricity markets typically clear in two stages: a day-ahead market and a real-time market. In this paper, we propose market mechanisms for a two-stage multi-interval electricity market with energy storage, generators, and demand…

Optimization and Control · Mathematics 2024-03-08 Rajni Kant Bansal , Enrique Mallada , Patricia Hidalgo-Gonzalez

The large shares of wind power generation in electricity markets motivate higher levels of operating reserves. However, current reserve sizing practices fail to account for important topological aspects that might hinder their deployment,…

Systems and Control · Electrical Eng. & Systems 2020-04-27 Nicola Viafora , Stefanos Delikaraoglou , Pierre Pinson , Gabriela Hug , Joachim Holbøll

Timely resource allocation in edge-assisted vehicular networks is essential for compute-intensive services such as autonomous driving and navigation. However, vehicle mobility leads to spatio-temporal unpredictability of resource demands,…

Systems and Control · Electrical Eng. & Systems 2025-10-10 Ziqi Ling , Minghui Liwang , Xianbin Wang , Seyyedali Hosseinalipour , Zhipeng Cheng , Sai Zou , Wei Ni , Xiaoyu Xia

We study non-monetary mechanisms for the fair and efficient allocation of reusable public resources, i.e., resources used for varying durations. We consider settings where a limited resource is repeatedly shared among a set of agents, each…

Computer Science and Game Theory · Computer Science 2023-10-17 Siddhartha Banerjee , Giannis Fikioris , Éva Tardos

To facilitate responsive and cost-effective computing service delivery over edge networks, this paper investigates a novel two-stage double auction methodology via discovering an interesting idea of resource overbooking to overcome dynamic…

Computer Science and Game Theory · Computer Science 2025-10-14 Sicheng Wu , Minghui Liwang , Deqing Wang , Xianbin Wang , Chao Wu , Junyi Tang , Li Li , Xiaoyu Xia

Decisions for a variable renewable resource generators commitment in the energy market are typically made in advance when little information is obtainable about wind availability and market prices. Much research has been published…

Optimization and Control · Mathematics 2021-03-09 Razan A. H. Al-Lawati , Jose L. Crespo-Vazquez , Tasnim Ibn Faiz , Xin Fang , Md. Noor-E-Alam

To accommodate the advent of microgrids (MG) managing distributed energy resources (DER) in distribution systems, an interactive two-stage joint retail electricity market mechanism is proposed to provide an effective platform for these…

Systems and Control · Electrical Eng. & Systems 2021-07-28 Chunyi Huang , Mingzhi Zhang , Chengmin Wang , Ning Xie , Jian Wang , Shi Peng

Efficiently accommodating uncertain renewable resources in wholesale electricity markets is among the foremost priorities of market regulators in the US, UK and EU nations. However, existing deterministic market designs fail to internalize…

Systems and Control · Electrical Eng. & Systems 2019-12-19 Yury Dvorkin

This research proposes a novel auction mechanism for transactive energy exchange between buyers and sellers, modeled as agents in a microgrid. The mechanism is implemented by a separate microgrid controller (MC) agent, and requires big data…

Computer Science and Game Theory · Computer Science 2016-08-15 M. Nazif Faqiry , Sanjoy Das
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