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In wind- and solar-dominated energy systems it has been assumed that there are synergies between producing electricity and electrolytic hydrogen since electrolysis can use excess electricity that would otherwise be curtailed. However, it…
In this paper, we propose a model predictive control based operation strategy that allows for power exchange between interconnected microgrids. Particularly, the approach ensures that each microgrid benefits from power exchange with others.…
Optimal execution, i.e., the determination of the most cost-effective way to trade volumes in continuous trading sessions, has been a topic of interest in the equity trading world for years. Electricity intraday trading slowly follows this…
DC loads (such as computers, data centres, electric vehicle chargers, and LED lamps) and dc distributed energy resources (such as fuel cells, solar photovoltaics, and energy storages) are rapidly growing in electric power systems, so dc…
This study aims to develop a cost-effective microgrid design that optimally balances the economic feasibility, reliability, efficiency, and environmental impact in a grid-tied community microgrid. A multi-objective optimization framework is…
The increasing adoption of renewable energy sources increases the need for balancing power. The security concerns of the distribution system operators are increasing due to fast adoption of distributed energy resources. So far, various…
A large share of renewable energy sources integrated into the national grids and an increased interconnection capacity with asynchronous networks, are the main contributors in reducing the kinetic energy storage in the Nordic Power System.…
This paper addresses the question of how much to bid to maximize the profit when trading in two electricity markets: the hourly Day-Ahead Auction and the quarter-hourly Intraday Auction. For optimal coordinated bidding many price scenarios…
This paper introduces a novel Bayesian reverse unrestricted mixed-frequency model applied to a panel of nine European electricity markets. Our model analyzes the impact of daily fossil fuel prices and hourly renewable energy generation on…
Integrated Energy Systems (IES) are systems of interconnected electricity, gas, heating, and cooling networks, where the carriers interact and depend on one another. Beyond these core vectors, IES may also incorporate additional…
The average revenue, or market value, of wind and solar energy tends to fall with increasing market shares, as is now evident across European electricity markets. At the same time, these markets have become more interconnected. In this…
We consider the economic dispatch (ED) for an Energy Internet composed of energy routers (ERs), interconnected microgrids and main grid. The microgrid consists of several bus nodes associated with distributed generators (DGs) and…
Electricity market design that accounts for grid constraints such as voltage and thermal limits at the distribution level can increase opportunities for the grid integration of Distributed Energy Resources (DERs). In this paper, we consider…
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…
There is an intrinsic value in higher integration of multi-carrier energy systems (especially gas and electricity), to increase operational flexibility in the electricity system and to improve allocation of resources in gas and electricity…
Investigation of energy systems integrated with green chemical conversion, and in particular combi-nation of green hydrogen and synthetic methanation, is still a scarce subject in the literature in terms of optimal design and operation for…
The integration of energy systems such as electricity and gas grids and power and thermal grids can bring significant benefits in terms of system security, reliability, and reduced emissions. Another alternative coupling of sectors with…
High-voltage direct-current (HVDC) systems for constant or intermittent power delivery have recently been developed further to support grid frequency regulation (GFR). This paper proposes a new control strategy for a line-commutated…
As the share of Converter-Interfaced Distributed Energy Resources (CIDERs) in power distribution systems increases, hybrid AC/DC distribution systems are drawing more interest. Indeed, CIDERs usually rely on DC power and hybrid AC/DC grids…
Recent studies concerning the point electricity price forecasting have shown evidence that the hourly German Intraday Continuous Market is weak-form efficient. Therefore, we take a novel, advanced approach to the problem. A probabilistic…