Related papers: Distributional Locational Marginal Pricing Based O…
The widespread adoption of electric vehicles (EVs) poses several challenges to power distribution networks and smart grid infrastructure due to the possibility of significantly increasing electricity demands, especially during peak hours.…
This paper presents an enhanced electric vehicle demand response system based on large language models, aimed at optimizing the application of vehicle-to-grid technology. By leveraging an large language models-driven multi-agent framework…
As the adoption of distributed energy resources grows, power systems are becoming increasingly complex and vulnerable to disruptions, such as natural disasters and cyber-physical threats. Peer-to-peer (P2P) energy markets offer a practical…
Dynamic pricing is a promising strategy to address the challenges of smart charging, as traditional time-of-use (ToU) rates and stationary pricing (SP) do not dynamically react to changes in operating conditions, reducing revenue for…
Demand response (DR) for smart grids, which intends to balance the required power demand with the available supply resources, has been gaining widespread attention. The growing demand for electricity has presented new opportunities for…
Electric vehicles (EVs) can be considered as flexible mobile battery storages in microgrids. For multiple microgrids in an area, coordinated scheduling on charging and discharging are required to avoid power exchange spikes between the…
The cost of the power distribution infrastructures is driven by the peak power encountered in the system. Therefore, the distribution network operators consider billing consumers behind a common transformer in the function of their peak…
The start up costs in many kinds of generators lead to complex cost structures, which in turn yield severe market loopholes in the locational marginal price (LMP) scheme. Convex hull pricing (a.k.a. extended LMP) is proposed to improve the…
Marginal emissions rates -- the sensitivity of carbon emissions to electricity demand -- are important for evaluating the impact of emissions mitigation measures. Like locational marginal prices, locational marginal emissions rates (LMEs)…
Severe pollution induced by traditional fossil fuels arouses great attention on the usage of plug-in electric vehicles (PEVs) and renewable energy. However, large-scale penetration of PEVs combined with other kinds of appliances tends to…
This paper develops a machine learning-driven portfolio optimization framework for virtual bidding in electricity markets considering both risk constraint and price sensitivity. The algorithmic trading strategy is developed from the…
Wind energy has emerged as one of the most vital and economically viable forms of renewable energy. The integration of wind energy sources into power grids across the globe has been increasing substantially, largely due to the higher levels…
The increasing penetration of Electric Vehicles (EVs) and renewable energies into the grid necessitates tools to smooth the demand curve. To this end, this paper suggests an EV charging scheduling algorithm and a smart charging price. As…
The increasing number of electric vehicles (EVs) has led to the need for installing public electric vehicle charging stations (EVCS) to facilitate ease of use and to support users who do not have the option of residential charging. The…
This paper proposes a method for the stochastic estimation of Charging Stations prices based on dual decomposition. Prices are determined so as to minimize the social cost of the EVs while satisfying their constraints in expectation
The main objective of this paper is to design electric vehicle (EV) charging policies which minimize the impact of charging on the electricity distribution network (DN). More precisely, the considered cost function results from a linear…
The growing demand for electric vehicle (EV) charging infrastructure presents significant planning challenges, requiring efficient strategies for investment and operation to deliver cost-effective charging services. However, the potential…
Coordination of distributed energy resources is critical for electricity grid management. Although nodal pricing schemes can mitigate congestion and voltage deviations, the resulting prices are not necessarily equitable. In this work, we…
This paper considers a combination of intelligent repositioning decisions and dynamic pricing for the improved operation of shared mobility systems. The approach is applied to London's Barclays Cycle Hire scheme, which the authors have…
Short-term electricity price forecasting has become important for demand side management and power generation scheduling. Especially as the electricity market becomes more competitive, a more accurate price prediction than the day-ahead…