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Due to the limited predictability of wind power and other stochastic generation, trading this energy in competitive electricity markets is challenging. This paper derives revenue-maximising and risk-constrained strategies for stochastic…
We examine market outcomes in energy transport networks with a focus on gas-fired generators, which are producers in a wholesale electricity market and consumers in the natural gas market. Market administrators monitor bids to determine…
Peer-to-peer (P2P) energy trading is a promising market scheme to accommodate the increasing distributed energy resources (DERs). However, how P2P to be integrated into the existing power systems remains to be investigated. In this paper,…
Hybrid microgrids integrating Grid-Following (GFL) and Grid-Forming (GFM) inverters present complex control challenges arising from the decoupling between long-term economic dispatch and real-time dynamic regulation, as well as the distinct…
Taking concrete steps towards a carbon-free society, the Danish Parliament has recently made an agreement on the establishment of the world's first two offshore energy hubs, one on the island of Bornholm and one on an artificial island in…
As microgrids have advanced from early prototypes to relatively mature technologies, converting data center integrated commercial buildings to microgrids provides economic, reliability and resiliency enhancements for the building owners.…
The electricity distribution grid was not designed to cope with load dynamics imposed by high penetration of electric vehicles, neither to deal with the increasing deployment of distributed Renewable Energy Sources. Distribution System…
The close integration of increasing operating units into an integrated energy system (IES) results in complex interconnections between these units. The strong dynamic interactions create barriers to designing a successful distributed…
The power generation with non-renewable energy sources has very harmful effects on the environment as well as these sources are depleting. On the other side the renewable energy sources are quite unpredictable source of power. The best…
The continuous penetration of distributed energy resources (DER) in the electric power grid is driving a new paradigm shift towards transactive energy system (TES), an active and more sustainable system characterized by distributed…
Efficient markets are characterised by profit-driven participants continuously refining their positions towards the latest insights. Margins for profit generation are generally small, shaping a difficult landscape for automated trading…
Electricity price is a key factor affecting the decision-making for all market participants. Accurate forecasting of electricity prices is very important and is also very challenging since electricity price is highly volatile due to various…
As multi-microgrids become readily available, some limited models have been proposed that study operational and power quality constraints with local energy markets independently. This paper proposes a convex optimization model of an energy…
In this paper, we investigate the scheduling issue of diesel generators (DGs) in an Internet of Things (IoT)-Driven isolated microgrid (MG) by deep reinforcement learning (DRL). The renewable energy is fully exploited under the uncertainty…
Control reserves are power generation or consumption entities that ensure balance of supply and demand of electricity in real-time. In many countries, they are operated through a market mechanism in which entities provide bids. The system…
A status report about the International Lattice Data Grid (ILDG) is given. Different countries participating in the ILDG have created regional lattice data grid solutions that are implemented, working and used. The remaining task and the…
The energy transition will lead to an imbalance in electric power generation and demand along the north-south axis of Germany. To manage this imbalance, the transmission system operators proposed a network development plan that requires…
Investments into renewable energy are increasing rapidly around the world. Energy system models are able to provide insights into optimal investment capacities and thus are widely used to aid the long-term investment decision-making under…
In this work, a novel optimal scheduling approach is proposed for isolated microgrids (MGs) with renewable generations by incorporating demand response of electric vehicles (EVs). First, a bi-level programming-based MG scheduling model is…
Electricity demand of electric railways is a relatively unexplored source of flexibility in demand response applications in power systems. In this paper, we propose a transactive control based optimization framework for coordinating the…