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The proliferation of distributed renewable energy triggers the peer-to-peer (P2P) energy market formations. To make profits, prosumers equipped with photovoltaic (PV) panels and even the energy storage system (ESS) can actively participate…

Systems and Control · Electrical Eng. & Systems 2025-05-29 Junhong Liu , Qinfei Long , Rong-Peng Liu , Wenjie Liu , Yunhe Hou

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…

Trading and Market Microstructure · Quantitative Finance 2020-04-14 Ioannis Boukas , Damien Ernst , Thibaut Théate , Adrien Bolland , Alexandre Huynen , Martin Buchwald , Christelle Wynants , Bertrand Cornélusse

With the large number of prosumers deploying distributed energy resources (DERs), integrating these prosumers into a transactive energy market (TEM) is a trend for the future smart grid. A community-based double auction market is considered…

Systems and Control · Electrical Eng. & Systems 2025-02-25 Jun Jiang , Yuanliang Li , Luyang Hou , Mohsen Ghafouri , Peng Zhang , Jun Yan , Yuhong Liu

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…

Systems and Control · Electrical Eng. & Systems 2024-09-13 Hanyang Lin , Ye Guo , Firdous Ul Nazir , Jianguo Zhou , Chi Yung Chung , Nikos Hatziargyriou

Reinforcement learning algorithms require a large amount of samples; this often limits their real-world applications on even simple tasks. Such a challenge is more outstanding in multi-agent tasks, as each step of operation is more costly…

Machine Learning · Computer Science 2022-09-05 Yali Du , Chengdong Ma , Yuchen Liu , Runji Lin , Hao Dong , Jun Wang , Yaodong Yang

In this paper, a distributed convex optimization framework is developed for energy trading between islanded microgrids. More specifically, the problem consists of several islanded microgrids that exchange energy flows by means of an…

Optimization and Control · Mathematics 2015-04-14 David Gregoratti , Javier Matamoros

This paper introduces a model for coordinating prosumers with heterogeneous distributed energy resources (DERs), participating in the local energy market (LEM) that interacts with the market-clearing entity. The proposed LEM scheme utilizes…

We consider the sequential decision-making problem of making proactive request assignment and rejection decisions for a profit-maximizing operator of an autonomous mobility on demand system. We formalize this problem as a Markov decision…

Machine Learning · Computer Science 2023-05-11 Tobias Enders , James Harrison , Marco Pavone , Maximilian Schiffer

This paper tackles the challenge of learning non-Markovian optimal execution strategies in dynamic financial markets. We introduce a novel actor-critic algorithm based on Deep Deterministic Policy Gradient (DDPG) to address this issue, with…

Machine Learning · Computer Science 2024-10-18 Alessandro Micheli , Mélodie Monod

Contemporary industrial parks are challenged by the growing concerns about high cost and low efficiency of energy supply. Moreover, in the case of uncertain supply/demand, how to mobilize delay-tolerant elastic loads and compensate…

Systems and Control · Electrical Eng. & Systems 2022-04-11 Dafeng Zhu , Bo Yang , Chengbin Ma , Zhaojian Wang , Shanying Zhu , Kai Ma , Xinping Guan

We consider the problem of energy management in microgrid networks. A microgrid is capable of generating a limited amount of energy from a renewable resource and is responsible for handling the demands of its dedicated customers. Owing to…

Multi-agent networked linear dynamic systems have attracted attention of researchers in power systems, intelligent transportation, and industrial automation. The agents might cooperatively optimize a global performance objective, resulting…

Systems and Control · Computer Science 2017-01-12 Feier Lian , Aranya Chakrabortty , Alexandra Duel-Hallen

The problem of finding decentralized transmission policies in a wireless communication network with energy harvesting constraints is formulated and solved using the decentralized Markov decision process framework. The proposed policy…

Information Theory · Computer Science 2017-02-14 Alessandro Biason , Subhrakanti Dey , Michele Zorzi

This paper proposes a differentially private energy trading mechanism for prosumers in peer-to-peer (P2P) markets, offering provable privacy guarantees while approaching the Nash equilibrium with nearly socially optimal efficiency. We first…

Computer Science and Game Theory · Computer Science 2024-10-22 Yuji Cao , Yue Chen

In this paper, we propose a distributed control strategy for the design of an energy market. The method relies on a hierarchical structure of aggregators for the coordination of prosumers (agents which can produce and consume energy). The…

Systems and Control · Computer Science 2018-06-28 Lorenzo Nespoli , Vasco Medici

The rapid growth of proactive consumers with distributed power generation and storage capacity, empowered by Internet of Things (IoT) devices, is transforming modern power markets into an independent, flexible, and distributed structure. In…

Systems and Control · Electrical Eng. & Systems 2020-12-10 Md Habib Ullah , Anas Alseyat , Jae-Do Park

Wireless systems resource allocation refers to perpetual and challenging nonconvex constrained optimization tasks, which are especially timely in modern communications and networking setups involving multiple users with heterogeneous…

Systems and Control · Electrical Eng. & Systems 2021-09-28 Hassaan Hashmi , Dionysios S. Kalogerias

Designing decentralized policies for wireless communication networks is a crucial problem, which has only been partially solved in the literature so far. In this paper, we propose the Decentralized Markov Decision Process (Dec-MDP)…

Information Theory · Computer Science 2017-01-10 Alessandro Biason , Subhrakanti Dey , Michele Zorzi

A change from a high-carbon emitting electricity power system to one based on renewables would aid in the mitigation of climate change. Decarbonization of the electricity grid would allow for low-carbon heating, cooling and transport.…

Signal Processing · Electrical Eng. & Systems 2020-11-05 Alexander J. M. Kell , Pablo Salas , Jean-Francois Mercure , Matthew Forshaw , A. Stephen McGough

In commercial buildings, about 40%-50% of the total electricity consumption is attributed to Heating, Ventilation, and Air Conditioning (HVAC) systems, which places an economic burden on building operators. In this paper, we intend to…

Systems and Control · Electrical Eng. & Systems 2020-07-23 Liang Yu , Yi Sun , Zhanbo Xu , Chao Shen , Dong Yue , Tao Jiang , Xiaohong Guan