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We address the problem of load shaping within a network of coupled microgrids (MGs) in a bilevel optimisation framework. To this end, we consider the charging/discharging rates of residential energy storage devices within each MG on the…

Optimization and Control · Mathematics 2022-05-17 Philipp Sauerteig

As many public transportation systems around the world transition to electric buses, the planning and operation of fleets can be improved via tailored decision-support tools. In this work, we study the impact of jointly locating charging…

Optimization and Control · Mathematics 2024-03-18 Rito Brata Nath , Tarun Rambha , Maximilian Schiffer

There is an intrinsic value in higher integration of multi-carrier energy systems (especially gas and electricity), to increase operational flexibility in the electricity system and to improve allocation of resources in gas and electricity…

Optimization and Control · Mathematics 2021-01-05 Shahab Shariat Torbaghan , Mehdi Madani , Peter Sels , Ana Virag , Hélène Le Cadre , Kris Kessels , Yuting Mou

The recent liberalization of the electricity and gas markets has resulted in the growth of energy exchanges and modelling problems. In this paper, we modelize jointly gas and electricity spot prices using a mean-reverting model which fits…

Statistical Finance · Quantitative Finance 2018-02-20 Noufel Frikha , Vincent Lemaire

Power systems are shifted from conventional bulk generation toward renewable generation. This trend leads to the frequency security problem due to the decline of system inertia. On the other hand, natural gas-fired units are frequently…

Optimization and Control · Mathematics 2021-09-30 Lun Yang , Yinliang Xu , Jianguo Zhou , Hongbin Sun

In many power systems, particularly those isolated from larger intercontinental grids, operational dependence on natural gas becomes pivotal, especially during fluctuations or unavailability of renewables coupled with uncertain consumption…

Optimization and Control · Mathematics 2024-05-10 Criston Hyett , Laurent Pagnier , Jean Alisse , Igal Goldshtein , Lilah Saban , Robert Ferrando , Michael Chertkov

The interactions of the natural gas (NG) network and the electricity system are increased by using gas-fired generation units, which use NG to produce electricity. There are various uncertainty sources such as the forced outage of…

Systems and Control · Electrical Eng. & Systems 2019-12-03 Farnaz Sohrabi , Farkhondeh Jabari , Behnam Mohammadi-Ivatloo , Alireza Soroudi

A distributed, hierarchical, market based approach is introduced to solve the economic dispatch problem. The approach requires only a minimal amount of information to be shared between a central market operator and the end-users. Price…

Multiagent Systems · Computer Science 2020-09-07 Cornelis Jan van Leeuwen , Joost Stam , Arun Subramanian , Koen Kok

Electricity price forecasting has become a critical tool for decision-making in energy markets, particularly as the increasing penetration of renewable energy introduces greater volatility and uncertainty. Historically, research in this…

Statistical Finance · Quantitative Finance 2025-11-11 Ciaran O'Connor , Mohamed Bahloul , Steven Prestwich , Andrea Visentin

Virtual power plants (VPPs) are an emerging paradigm that aggregates distributed energy resources (DERs) for coordinated participation in power systems, including bidding as a single dispatchable entity in the wholesale market. In this…

Optimization and Control · Mathematics 2026-04-03 Weiqi Meng , Hongyi Li , Bai Cui

Maintaining energy balance and economical operation is significant for multi-energy systems such as the energy hub. However, it is usually challenged by the frequently changing and unpredictable uncertainties at different timescales. Under…

Computational Engineering, Finance, and Science · Computer Science 2022-03-03 Jiaxin Cao , Bo Yang , Shanying Zhu , Chi Yung Chung , Xinping Guan

Scheduling the power exchange between a population of heterogeneous distributed energy resources and the corresponding upper-level system is an important control problem in power systems. A key challenge is the large number of (partially…

Systems and Control · Electrical Eng. & Systems 2024-09-23 Riccardo Remo Appino , Veit Hagenmeyer , Timm Faulwasser

With the development of the smart grid concept and the increasing expansion of advanced communication and measurement equipment, consumers can actively participate in the power system operation. The intelligent use of these facilities…

Systems and Control · Electrical Eng. & Systems 2023-12-07 Mohammad Panahazari , Minoo Mohebbifar , Vahid Nazari Farsani , Mahmoud-Reza Haghifam

In electrical distribution grids, the constantly increasing number of power generation devices based on renewables demands a transition from a centralized to a distributed generation paradigm. In fact, power injection from Distributed…

Systems and Control · Computer Science 2017-06-30 Riccardo Bonetto , Michele Rossi , Stefano Tomasin , Carlo Fischione

Decentralized energy management is of paramount importance in smart microgrids with renewables for various reasons including environmental friendliness, reduced communication overhead, and resilience to failures. In this context, the…

Optimization and Control · Mathematics 2014-01-24 Yu Zhang , Georgios B. Giannakis

We consider the co-optimization of flexible household consumption, electric vehicle charging, and behind-the-meter distributed energy resources under the net energy metering tariff. Using a stochastic dynamic programming formulation, we…

Systems and Control · Electrical Eng. & Systems 2024-05-01 Minjae Jeon , Lang Tong , Qing Zhao

While wind and solar power contribute to sustainability, their intermittent nature poses challenges when integrated into the grid. To mitigate these issues, renewable energy can be combined with coal fired power and hydropower sources to…

Systems and Control · Electrical Eng. & Systems 2024-11-12 Manling Hu , Manqi Xu , Dunnan Liu

Modern market management systems continue to evolve due to the intentions to improve system security and reliability. This evolvement has been leading to a transition of market auction models from a deterministic structure with…

Systems and Control · Electrical Eng. & Systems 2021-02-22 Mohammad Ghaljehei , Mojdeh Khorsand

Electricity price forecasting supports decision-making in energy markets and asset operation. Probabilistic forecasts are increasingly adopted to explicitly quantify uncertainty, typically issued as quantile predictions or ensembles of the…

Statistical Finance · Quantitative Finance 2026-04-22 Simon Hirsch , Florian Ziel

Cooperating interconnected microgrids with the Distribution System Operation (DSO) can lead to an improvement in terms of operation and reliability. This paper investigates the optimal operation and scheduling of interconnected microgrids…

Optimization and Control · Mathematics 2018-03-12 Morteza Dabbaghjamanesh , Shahab Mehraeen , Abdollah Kavousi Fard , Farzad Ferdowsi