Related papers: Large Fluctuations in Locational Marginal Prices
In the ``natural inflation'' model, the inflaton potential is periodic. We show that Planck scale physics may induce corrections to the inflaton potential, which is also periodic with a greater frequency. Such high frequency corrections…
Many recent works in control of electric power systems have investigated their synchronization through global performance metrics under external disturbances. The approach is motivated by fundamental changes in the operation of power grids,…
The non-storability of electricity makes it unique among commodity assets, and it is an important driver of its price behaviour in secondary financial markets. The instantaneous and continuous matching of power supply with demand is a key…
Recently, we proposed a capacity expansion approach for transmission grids that combines the upgrade of transmission capacity with a transition in system structure to improve grid operation. The key to this concept is a particular hybrid…
An important issue in today's electricity markets is the management of flexibilities offered by new practices, such as smart home appliances or electric vehicles. By inducing changes in the behavior of residential electric utilities, demand…
This research provides an in-depth evaluation of various machine learning models for energy forecasting, focusing on the unique challenges of seasonal variations in student residential settings. The study assesses the performance of…
With the increasing inclusion of regenerative resources in the energy mix, their intermittent character challenges power grid stability. Hence it is essential to determine which input fluctuations power grids are particularly vulnerable to.…
The reliable power system operation is a major goal for electric utilities, which requires the accurate reliability forecasting to minimize the duration of power interruptions. Since weather conditions are usually the leading causes for…
Models of chaotic inflation with a fractional power-law potential are not only viable but also testable in the foreseeable future. We show that such models can be realized in simple strongly coupled supersymmetric gauge theories. In these…
In this paper we investigate predictability of electricity prices in the Canadian provinces of Alberta and Ontario, as well as in the US Mid-C market. Using scale-dependent detrended fluctuation analysis, spectral analysis, and the…
In this paper we propose an extension of the Lasry-Lions price formation model which includes fluctuations of the numbers of buyers and vendors. We analyze the model in the case of deterministic and stochastic market size fluctuations and…
In this paper, we review in detail different mechanisms of generation of large primordial fluctuations and their implications for the production of primordial black holes (PBHs) and scalar-induced secondary gravity waves (SIGW), with the…
We study the current large deviations for a lattice model of interacting active particles displaying a motility-induced phase separation (MIPS). To do this, we first derive the exact fluctuating hydrodynamics of the model in the large…
We discuss and extend methods for estimating Markovian-Regime-Switching (MRS) and trend models for wholesale electricity prices. We argue the existing methods of trend estimation used in the electricity price modelling literature either…
The impact of trades on asset prices is a crucial aspect of market dynamics for academics, regulators and practitioners alike. Recently, universal and highly nonlinear master curves were observed for price impacts aggregated on all…
We consider a market where a finite number of players trade an asset whose supply is a stochastic process. The price formation problem consists of finding a price process that ensures that when agents act optimally to minimize their trading…
Deterministic frequency deviations (DFDs) critically affect power grid frequency quality and power system stability. A better understanding of these events is urgently needed as frequency deviations have been growing in the European grid in…
The flexible loads in power systems, such as interruptible and transferable loads, are critical flexibility resources for mitigating power imbalances. Despite their potential, accurate modeling of these loads is a challenging work and has…
Statistical properties of an order book and the effect they have on price dynamics were studied using the high-frequency NASDAQ Level II data. It was observed that the size distribution of marketable orders (transaction sizes) has power law…
The European Power Exchange has introduced day-ahead auctions and continuous trading spot markets to facilitate the insertion of renewable electricity. These markets are designed to balance excess or lack of power in short time periods,…