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The increasing adoption of renewable energy sources increases the need for balancing power. The security concerns of the distribution system operators are increasing due to fast adoption of distributed energy resources. So far, various…
This paper develops an algorithmic framework for real-time optimization of distribution-level distributed energy resources (DERs). The proposed framework optimizes the operation of both DERs that are individually controllable and groups of…
We consider the use of pricing as a regulatory mechanism when an unknown number of autonomous agents compete for access to a shared resource (possibly limited in volume or capacity). In standard dynamic pricing control systems, an…
Modern renewables-based power systems need to tap on the flexibility of Distributed Energy Resources (DERs) connected to distribution networks. It is important, however, that DER owners/users remain in control of their assets, decisions,…
This paper formulates a time-varying social-welfare maximization problem for distribution grids with distributed energy resources (DERs) and develops online distributed algorithms to identify (and track) its solutions. In the considered…
This paper proposes a novel continuous Local Flexibility Market where active power flexibility located in the distribution system can be traded. The market design engages the Market Operator, the Distribution System Operator and Market…
As an alternative to rigid DRM measures, ways of marketing virtual goods through multi-level or networked marketing have raised some interest. This report is a first approach to multi-level markets for virtual goods from the viewpoint of…
Residential microgrids (MGs) may host a large number of Distributed Energy Resources (DERs). The strategy that maximizes the revenue for each individual DER is the one in which the DER operates at capacity, injecting all available power…
The growing penetration of distributed energy resources (DERs) has increased the complexity of the power system due to their intermittent characteristics and lower inertial response, such as photovoltaic (PV) systems and wind turbines. This…
Peer-to-peer (P2P) energy trading, commonly recognized as a decentralized approach, has emerged as a popular way to better utilize distributed energy resources (DERs). In order to better manage this user-side decentralized approach from a…
The increasing demand for electricity and the aging infrastructure of power distribution systems have raised significant concerns about future system reliability. Failures in distribution systems, closely linked to system usage and…
The large integration of variable energy resources is expected to shift a large part of the energy exchanges closer to real-time, where more accurate forecasts are available. In this context, the short-term electricity markets and in…
Distribution networks are transitioning from passive to active systems due to the growing integration of distributed energy resources (DERs). Peer to Peer (P2P) energy trading has emerged as a viable framework that enables local energy…
The increase in distributed energy resources and flexible electricity consumers has turned TSO-DSO coordination strategies into a challenging problem. Existing decomposition/decentralized methods apply divide-and-conquer strategies to trim…
Large deployment of distribute energy resources and the increasing awareness of end-users towards their energy procurement are challenging current practices of electricity markets. A change of paradigm, from a top-down hierarchical approach…
In this paper, we investigate an energy cost minimization problem for prosumers participating in peer-to-peer energy trading. Due to (i) uncertainties caused by renewable energy generation and consumption, (ii) difficulties in developing an…
We present a hierarchical framework aimed at decentralizing the distribution systems market operations using localized peer-to-peer energy markets. Hierarchically designed decision-making algorithm approaches the power systems market…
This paper presents a limit order book (LOB) market mechanism design for transactive energy systems. The proposed design is planned for deployment in New Hampshire and Maine under a US Department of Energy Connected Communities project. The…
With increasing penetration of DERs in the distribution system, it is critical to design market structures that enable smooth integration of DERs. A hierarchical local electricity market (LEM) structure is proposed in this paper with a…
An effective distribution electricity market (DEM) is required to manage the rapidly growing small-scale distributed energy resources (DERs) in distribution systems (DSs). This paper proposes a day-ahead DEM clearing and pricing mechanism…