Related papers: Machine Learning for Electricity Market Clearing

The presence of integer variables in the European day-ahead electricity market renders the social welfare maximization problem non-convex and non-differentiable, making classical marginal pricing theoretically inconsistent. Existing pricing…

This paper proposes a quasi-optimal power flow (OPF) algorithm for flexible DC traction power systems (TPSs). Near-optimal solutions can be solved with high computational efficiency by the proposed quasi-OPF. Unlike conventional OPF…

In this paper, a novel quadratic convex optimal power flow model, namely, MDOPF, is proposed to determine the optimal dispatches of distributed generators. Based on the results of MDOPF, two price mechanisms, distribution locational…

In this paper, the optimal power flow (OPF) problem is augmented to account for the costs associated with the load-following control of a power network. Load-following control costs are expressed through the linear quadratic regulator…

For fast timescales or long prediction horizons, the AC optimal power flow (OPF) problem becomes a computational challenge for large-scale, realistic AC networks. To overcome this challenge, this paper presents a novel network reduction…

We develop novel integrated learning and optimization (ILO) methodologies to solve economic dispatch (ED) and DC optimal power flow (DCOPF) problems for better economic operation. The optimization problem for ED is formulated with load…

We analyze pricing mechanisms in electricity markets with AC power flow equations that define a nonconvex feasible set for the economic dispatch problem. Specifically, we consider two possible pricing schemes. The first among these prices…

With the rapid development of distributed energy resources, increasing number of residential and commercial users have been switched from pure electricity consumers to prosumers that can both consume and produce energy. To properly manage…

This review explores the application of intelligent optimization algorithms to Multi-Objective Optimal Power Flow (MOPF) in enhancing modern power systems. It delves into the challenges posed by the integration of renewables, smart grids,…

Optimal power flow (OPF) is the fundamental mathematical model in power system operations. Improving the solution quality of OPF provide huge economic and engineering benefits. The convex reformulation of the original nonconvex alternating…

We propose a new forward electricity market framework that admits heterogeneous market participants with second-order cone strategy sets, who accurately express the nonlinearities in their costs and constraints through conic bids, and a…

Convex relaxations of the AC Optimal Power Flow (OPF) problem are essential not only for identifying the globally optimal solution but also for enabling the use of OPF formulations in Bilevel Programming and Mathematical Programs with…

This paper introduces for the first time a framework to obtain provable worst-case guarantees for neural network performance, using learning for optimal power flow (OPF) problems as a guiding example. Neural networks have the potential to…

This tutorial summarizes recent advances in the convex relaxation of the optimal power flow (OPF) problem, focusing on structural properties rather than algorithms. Part I presents two power flow models, formulates OPF and their relaxations…

This paper proposes online algorithms for dynamic matching markets in power distribution systems, which at any real-time operation instance decides about matching -- or delaying the supply of -- flexible loads with available renewable…

The future power grid may rely on distributed optimization to determine the set-points for huge numbers of distributed energy resources. There has been significant work on applying distributed algorithms to optimal power flow (OPF)…

This paper presents a framework to solve the strategic bidding problem of participants in an electricity market cleared by employing the full AC Optimal Power Flow (ACOPF) problem formulation. Traditionally, the independent system operators…

This paper investigates the planning and operational processes of modern distribution networks (DNs) hosting Distributed Energy Resources (DERs). While in the past the two aspects have been distinct, a methodology is proposed in this paper…

This paper is concerned with optimal power flow (OPF), which is the problem of optimizing the transmission of electricity in power systems. Our main contributions are as follows: (i) we propose a novel parabolic relaxation, which transforms…

Optimized operation of the transmission network is one solution to supply extra demand by more efficient use of transmission facilities, and line switching is one main tool to achieve this goal. In this paper, we add extra constraints to…