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Researchers and electricity sector practitioners frequently require the supply curve of electricity markets and the price elasticity of supply for purposes such as price forecasting, policy analyses or market power assessment. It is common…
A parameter method is introduced in order to estimate the relationship among the various variables of a system in equilibrium, where the potential energy functions are incompletely known or the quantum mechanical calculations very…
Many power system operation and planning problems use the DC power flow approximation to address computational challenges from the nonlinearity of the AC power flow equations. The DC power flow simplifies the AC power flow equations to a…
We present new formulations of the stochastic electricity market clearing problem based on the principles of stochastic programming. Previous analyses have established that the canonical stochastic programming model effectively captures the…
In order to deal with market power that sporadically results from contingencies (e.g., severe weather, plant outages) most electricity markets have institutions in charge of monitoring market performance and mitigating market power. The…
The daily operation of real-world power systems and their underlying markets relies on the timely solution of the unit commitment problem. However, given its computational complexity, several optimization-based methods have been proposed to…
In this paper, we consider a financial market with assets exposed to some risks inducing jumps in the asset prices, and which can still be traded after default times. We use a default-intensity modeling approach, and address in this…
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…
This paper develops a risk-aware net demand forecasting product for virtual power plants, which helps reduce the risk of high operation costs. At the training phase, a bilevel program for parameter estimation is formulated, where the upper…
The growing integration of renewable energy sources necessitates adequate reserve capacity to maintain power balance. However, in market clearing, power companies with flexible resources may submit strategic bids to maximize profits,…
An accurate energy efficiency analytical model based on a two-mode circuitry was recently proposed; and the model showed that the use of this circuitry can significantly improve a system's energy efficiency. In this paper, we use this…
The building sector accounts for almost 40 percent of the global energy consumption. This reveals a great opportunity to exploit renewable energy resources in buildings to achieve the climate target. In this context, this paper offers a…
Motivated by various benefits of multi-energy integration, this paper establishes a bi-level framework based on transactive control to realize energy optimization among multiple interconnected energy hubs (EHs). A storage-energy-equivalent…
Commercial fusion energy requires frameworks to assess both the scientific and economic viability of a wide variety of fusion concepts. Inspired by the Lawson criterion's ability to universally describe fusion energy gain, a generalized…
The operation and maintenance costs of wind parks make up a major fraction of a park's overall lifetime costs. They also include opportunity costs of lost revenue from avoidable power generation underperformance. We present a…
Unit commitment problem on an electricity network consists in choosing the production plan of the plants (units) of a company in order to meet demand constraints. It is generally solved using a decomposition approach where demand…
In this paper we provide a unifying energy-based approach to the modeling, analysis and control of power systems and markets, which is based on the port-Hamiltonian framework. Using a primal-dual gradient method applied to the social…
The smart grid vision entails advanced information technology and data analytics to enhance the efficiency, sustainability, and economics of the power grid infrastructure. Aligned to this end, modern statistical learning tools are leveraged…
Control systems involving unknown parameters appear a natural framework for applications in which the model design has to take into account various uncertainties. In these circumstances the performance criterion can be given in terms of an…
We propose a generalized model of a heat engine and calculate the minimum and maximum bounds on the efficiency at maximum power. We obtain a universal form of generalized extreme bounds on the efficiency at maximum power. Our model unifies…