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The problem of dynamic pricing of electricity in a retail market is considered. A Stackelberg game is used to model interactions between a retailer and its customers; the retailer sets the day-ahead hourly price of electricity and consumers…

Optimization and Control · Mathematics 2016-03-01 Liyan Jia , Lang Tong

Routing controllability of connected and autonomous vehicles (CAVs) has been shown to reduce the adverse effects of selfish routing on the network efficiency. However, the assumption that CAV owners would readily allow themselves to be…

Systems and Control · Electrical Eng. & Systems 2021-08-10 Mohammadhadi Mansourianfar , Ziyuan Gu , S. Travis Waller , Meead Saberi

Transactive or market-based coordination strategies have recently been proposed for controlling the aggregate demand of a large number of electric loads. Such schemes offer operational benefits such as enforcing distribution feeder capacity…

Systems and Control · Computer Science 2017-02-17 Md Salman Nazir , Ian A. Hiskens

The large shares of wind power generation in electricity markets motivate higher levels of operating reserves. However, current reserve sizing practices fail to account for important topological aspects that might hinder their deployment,…

Systems and Control · Electrical Eng. & Systems 2020-04-27 Nicola Viafora , Stefanos Delikaraoglou , Pierre Pinson , Gabriela Hug , Joachim Holbøll

Large, spatially flexible electricity consumers such as data centers can reallocate demand across locations, influencing dispatch and prices in wholesale electricity markets. While flexible load is often assumed to improve system…

Systems and Control · Electrical Eng. & Systems 2026-04-14 Aron Brenner , Deepjyoti Deka , Line Roald , Saurabh Amin

Wholesale electricity markets are increasingly integrated via high voltage interconnectors, and inter-regional trade in electricity is growing. To model this, we consider a spatial equilibrium model of price formation, where constraints on…

Econometrics · Economics 2018-04-24 Michael Stanley Smith , Thomas S. Shively

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…

Systems and Control · Electrical Eng. & Systems 2022-04-01 Wenqi Cai , Hossein N. Esfahani , Arash B. Kordabad , Sébastien Gros

This paper proposes an agent-based model that combines both spot and balancing electricity markets. From this model, we develop a multi-agent simulation to study the integration of the consumers' flexibility into the system. Our study…

Systems and Control · Computer Science 2018-02-13 Florian Kühnlenz , Pedro H. J. Nardelli , Santtu Karhinen , Rauli Svento

Voltage regulation in distribution networks is challenged by increasing penetration of distributed energy resources (DERs). Thanks to advancement in power electronics, these DERs can be leveraged to regulate the grid voltage by quickly…

Optimization and Control · Mathematics 2017-07-25 Hao Jan Liu , Wei Shi , Hao Zhu

In societal-scale infrastructures, such as electric grids or transportation networks, pricing mechanisms are often used as a way to shape users' demand in order to lower operating costs and improve reliability. Existing approaches to…

Systems and Control · Electrical Eng. & Systems 2023-08-01 Spencer Hutchinson , Berkay Turan , Mahnoosh Alizadeh

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…

Optimization and Control · Mathematics 2019-07-19 Xinyang Zhou , Emiliano Dall'Anese , Lijun Chen , Andrea Simonetto

This paper proposes a coordinated energy-mobility dispatch framework for grid support service provision in smart cities under time constraints. In particular, a scenario in which a distributed system operator requests a specified amount of…

Systems and Control · Electrical Eng. & Systems 2026-05-26 Nikolas Sacchi , Giacomo Basile , Silvia Siri , Manuela Minetti , Andrea Bonfiglio , Antonella Ferrara

Zonal configuration of energy market is often a consequence of political borders. However there are a few methods developed to help with zonal delimitation in respect to some measures. This paper presents the approach aiming at reduction of…

Computational Engineering, Finance, and Science · Computer Science 2015-05-11 Michal Klos , Karol Wawrzyniak , Marcin Jakubek

Locational Marginal Price (LMP) is a dual variable associated with supply-demand matching and represents the cost of delivering power to a particular location if the load at that location increases. In recent times it become more volatile…

Optimization and Control · Mathematics 2018-11-07 Shantanu Chakraborty , Remco Verzijlbergh , Milos Cvetkovic , Kyri Baker , Zofia Lukszo

We consider the signal-anticipating behavior in local Volt/Var control for distribution systems. Such a behavior makes interaction among the nodes a game. We characterize Nash equilibrium of the game as the optimum of a global optimization…

Optimization and Control · Mathematics 2019-07-19 Zhiyuan Liu , Seungil You , Xinyang Zhou , Guohui Ding , Lijun Chen

We design a coordination mechanism between a distribution system operator (DSO) and distributed energy resource aggregators (DERAs) participating directly in the wholesale electricity market. Aimed at ensuring system reliability while…

Systems and Control · Electrical Eng. & Systems 2022-12-01 Cong Chen , Subhonmesh Bose , Lang Tong

Electricity market operators worldwide use mixed-integer linear programming to solve the allocation problem in wholesale electricity markets. Prices are typically determined based on the duals of relaxed versions of this optimization…

Computer Science and Game Theory · Computer Science 2023-12-13 Mete Şeref Ahunbay , Martin Bichler , Teodora Dobos , Johannes Knörr

The European electricity market is based on large pricing zones with a uniform day-ahead price. The energy transition leads to changes in supply and demand and increasing redispatch costs. In an attempt to ensure efficient market clearing…

General Economics · Economics 2025-06-03 Johannes Knörr , Martin Bichler , Teodora Dobos

Distribution locational marginal prices (DLMPs) facilitate the efficient operation of low-voltage electric power distribution systems. We propose an approach to internalize the stochasticity of renewable distributed energy resources (DERs)…

Systems and Control · Computer Science 2020-04-28 Robert Mieth , Yury Dvorkin

With the proliferation of electric vehicles, the electrical distribution grids are more prone to overloads. In this paper, we study an intelligent pricing and power control mechanism based on contextual bandits to provide incentives for…

Other Computer Science · Computer Science 2019-05-06 Christian Römer , Johannes Hiry , Chris Kittl , Thomas Liebig , Christian Rehtanz