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In many markets, like electricity or cloud computing markets, providers incur large costs for keeping sufficient capacity in reserve to accommodate demand fluctuations of a mostly fixed user base. These costs are significantly affected by…
As the cost of the residential solar system decreases, rooftop photovoltaic (PV) has been widely integrated into distribution systems. Most rooftop PV systems are installed behind-the-meter (BTM), i.e., only the net demand is metered, while…
The large scale deployment of Advanced Metering Infrastructure among residential energy customers has served as a boon for energy systems research relying on granular consumption data. Residential Demand Response aims to utilize the…
Green hydrogen production via electrolysis is crucial for decarbonization but faces significant economic hurdles primarily due to the high cost of the electricity. However, current electrolyzer-based hydrogen production processes…
The electricity sector is facing the dual challenge of supporting increasing level of demand electrification while substantially reducing its carbon footprint. Among electricity demands, the energy consumption of cryptocurrency mining data…
Electricity usage is a major portion of utility bills and the best place to start lowering them. An effective home energy management approach is introduced to decrease customers' electricity bills by determining the optimal appliance…
Renewable energy brings huge uncertainties to the power system, which challenges the traditional power system operation with limited flexible resources. One promising solution is to introduce dynamic pricing to more consumers, which, if…
Virtual bidding plays an important role in two-settlement electric power markets, as it can reduce discrepancies between day-ahead and real-time markets. Renewable energy penetration increases volatility in electricity prices, making…
Virtual energy stations (VESs) work as retailers to provide electricity and natural gas sale services for integrated energy systems (IESs), and guide IESs energy consumption behaviors to tackle the varying market prices via integrated…
Electricity markets typically clear in two stages: a day-ahead market and a real-time market. In this paper, we propose market mechanisms for a two-stage multi-interval electricity market with energy storage, generators, and demand…
In this paper, we employ a bi-level control system to react to disturbances and balance power mismatch by coordinating distributed energy resources (DERs) under packetized energy management. Packetized energy management (PEM) is a novel…
As the availability of weather-dependent, zero marginal cost resources such as wind and solar power increases, a variety of flexible electricity loads, or `demand sinks', could be deployed to use intermittently available low-cost…
The manufacturing industry is under growing pressure to enhance sustainability while preserving economic competitiveness. As a result, manufacturers have been trying to determine how to integrate onsite renewable energy and real-time…
Accommodating the uncertain and variable renewable energy sources (VRES) in electricity markets requires sophisticated and scalable tools to achieve market efficiency. To account for the uncertain imbalance costs in the real-time market…
Increasing penetration of renewable energy sources (RES) and electrification of energy systems necessitates the engagement of demand-side management (DSM) to help alleviate congestion in electricity grid. Heat pump and thermal energy…
Traditional bulk load flexibility options, such as load shifting and load curtailment, for managing uncertainty in power markets limit the diversity of options and ignore the preferences of the individual loads, thus reducing efficiency 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…
The energetic flexibility of electric energy resources can be exploited when trading on wholesale energy and ancillary service markets. This paper considers the problem of a Balance Responsible Party to maximize its profit from trading on…
In this paper, we suggest that reserves must be computed dynamically to account for wind power volatility. We formalize the notion of dynamic reserves in support of sequential Day-Ahead-Market (DAM) and Real-Time-Market (RTM) clearing and…
Distributed renewable energy resources have attracted significant attention in recent years due to the falling cost of the renewable energy technology, extensive federal and state incentives, and the application in improving load-point…