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Future energy systems rely mostly on supply-dependent resources like wind and solar energy. Since most of the produced energy from distributed renewable sources arises as electricity, electrification of energy consumers and producers,…
Battery energy storage systems can be integrated with photovoltaic (PV)-diesel microgrids, as an enabling technology to increase the penetration of PV systems and aid microgrid stability by smoothing out the power fluctuations of the PV…
We show that different rates should be used for borrowing and discount rates, and that the risk-free rate should be used for discounting when assessing and comparing the cost of energy accross diffferent producers and technologies, on the…
An important function of aggregators is to enable the participation of small energy storage units in electricity markets. This paper studies two generally overlooked aspects related to aggregators of energy storage: i) the relationship…
The paper proposes a framework for modeling and analysis of the dynamics of supply, demand, and clearing prices in power system with real-time retail pricing and information asymmetry. Real-time retail pricing is characterized by passing on…
The increased flexibility requirement needs a flexibility market at the distribution grid level operated by the distribution system operators (DSOs) to resolve challenges to ensure secure operation and, to integrate new renewable…
This paper presents an extensive multi-period optimal power flow framework, with new modelling elements, for smart LV distribution systems that rely on residential flexibility for combating operational issues. A detailed performance…
This paper proposes a simple and flexible storage model for use in a variety of multi-period optimal power flow problems. The proposed model is designed for research use in a broad assortment of contexts enabled by the following key…
Purpose: Trading on electricity markets occurs such that the price settlement takes place before delivery, often day-ahead. In practice, these prices are highly volatile as they largely depend upon a range of variables such as electricity…
Flexibility options, such as demand response, energy storage and interconnection, have the potential to reduce variation in electricity prices between different future scenarios, therefore reducing investment risk. Moreover, investment in…
In this paper, a mathematical model is proposed to optimize the production level of Power Plants (PPs) in collusion and competitive markets and in the presence of external costs. To evaluate the model, two meta-heuristics, such as Genetic…
With the advent of prosumers, the traditional centralized operation may become impracticable due to computational burden, privacy concerns, and conflicting interests. In this paper, an energy sharing mechanism is proposed to accommodate…
Due to increased penetration of renewable resources in the distribution grid, the distribution system operator (DSO) faces increased challenges to maintain security and quality of supply. Since, a large proportion of renewables are…
Sustainable consumption aims to minimize the environmental and societal impact of the use of services and products. Over-consumption of services and products leads to potential natural resource exhaustion and societal inequalities as access…
The recent widespread adoption of rooftop solar backed by battery storage is enabling energy customers to both produce and consume electricity (i.e., prosumers of electricity). To facilitate prosumer participation in the electric grid, new…
In the residential sector, energy micro-generation and its intelligent management have been creating novel energy market models, considering new concepts of energy use and distribution, in which the prosumer has an active role in the energy…
The increased market penetration of renewable energy sources and the rapid development of electric battery storage technologies yield a potential for reducing electricity price volatility while maintaining stability of the power grid. This…
High penetration of Photovoltaic (PV) generation and Battery Energy Storage System (BESS) in individual households increases the demand for solutions to determine the optimal PV generation power and the capacity of BESS. Self-consumption…
We study the system-level effects of the introduction of large populations of Electric Vehicles on the power and transportation networks. We assume that each EV owner solves a decision problem to pick a cost-minimizing charge and travel…
To the best of our knowledge, this paper proposes for the first time a design of a continuous local flexibility market that explicitly considers network constraints. Continuous markets are expected to be the most appropriate design option…