Related papers: Competition between simultaneous demand-side flexi…
Reduced installation and operating costs give energy storage systems an opportunity to participate actively and profitably in electricity markets. In addition to providing ancillary services, energy storage systems can also arbitrage…
Coordinating the interactions between flexibility assets in multi-carrier integrated energy systems (MIES) can lead to an efficient integration of variable renewable energy resources, and a cost-efficient energy transition. However, the…
In future smart grids, energy storage systems (ESSs) are expected to play a key role in reducing peak hour electricity generation cost and the associated level of carbon emissions. Considering their high acquisition, operation, and…
This paper develops a community resilience optimization method subject to power flow constraints in the Cyber-Physical-Social Systems in Power Engineering, which is solved using a multi-agent-based algorithm. The tool that makes the nexus…
This paper studies an energy storage (ES) sharing model which is cooperatively invested by multiple buildings for harnessing on-site renewable utilization and grid price arbitrage. To maximize the economic benefits, we jointly consider the…
The amalgamation of Internet of Things and the smart grid enables the energy optimal scheduling of appliances based on user needs and dynamic energy prices. Additionally, progress in local storage technology calls for exploiting additional…
The evolving energy landscape has propelled energy communities to the forefront of modern energy management. However, existing research has yet to explore the potential synergies between data centres and energy communities, necessitating an…
The growing electricity demand and use of smart appliances are placing pressure on power grids, making efficient energy management more important than ever. The existing energy management systems often prioritize system efficiency (balanced…
The rapid expansion of wind and solar energy leads to an increasing volatility in the electricity generation. Previous studies have shown that storage devices provide an opportunity to balance fluctuations in the power grid. An economical…
This work seeks to quantify the benefits of using energy storage toward the reduction of the energy generation cost of a power system. A two-fold optimization framework is provided where the first optimization problem seeks to find the…
The rapid growth of data centres poses an evolving challenge for power systems with high variable renewable energy. Traditionally operated as passive electrical loads, data centres, have the potential to become active participants that…
We study a cloud storage operator who provides shared storage service for electricity end-users using the residual part of a multi-service grid-scale battery primarily used for high priority grid services. We design an optimal product…
Goals to reduce carbon emissions and changing electricity prices due to increasing penetrations of wind power generation affect the planning and operation of district heating production systems. Through extensive multivariate sensitivity…
Renewable energy brings huge uncertainties to the power system, which challenges the traditional power system operation with limited flexible resources. One promising solution is to introduce dynamic pricing to more consumers, which, if…
The increasing reliance on renewable energy generation means that storage may well play a much greater role in the balancing of future electricity systems. We show how heterogeneous stores, differing in capacity and rate constraints, may be…
In this paper we propose two novel coalitional game theory based optimization methods for minimizing the cost of electricity consumed by households from a smart community. Some households in the community may own renewable energy systems…
In this paper, a real time implementable load coordination strategy is developed for the optimization of electric demands in a smart home. The strategy minimizes the electricity cost to the home owner, while limiting the disruptions…
Many residential prosumers exhibit a high price-tolerance for household electricity bills and a low response to price incentives. This is because the household electricity bills are not inherently high, and the potential for saving on…
As the availability of weather-dependent, zero marginal cost resources such as wind and solar power increases, a variety of flexible electricity loads, or `demand sinks', could be deployed to use intermittently available low-cost…
Global energy sector decarbonization efforts are contingent on technology choices for energy production and end-use in emerging markets such as India, where air conditioning is expected to be a major driver for electricity demand growth.…