Related papers: Contract Design for V2G Smart Energy Trading
Power companies such as Southern California Edison (SCE) uses Demand Response (DR) contracts to incentivize consumers to reduce their power consumption during periods when demand forecast exceeds supply. Current mechanisms in use offer…
Due to the increasing concern for greenhouse gas emissions and fossil fuel security, electric vehicles (EVs) have attracted much attention in recent years. EVs can aggregate together constituting the vehicle-to-grid system. Coordination of…
The growth in Electric Vehicle (EV) market share is expected to increase power demand on distribution networks. Uncoordinated residential EV charging, based on driving routines, creates peak demand at various zone substations depending on…
The number of electric vehicles is rapidly increasing worldwide. This growth brings significant environmental benefits but also introduces new challenges: uncoordinated charging can place stress on the grid, particularly during peak hours.…
Power-to-X (P2X) needs to scale up rapidly to provide the fuels required in the hard-to-decarbonize industrial and heavy transport sector. Only recently, the European Commission proposed requirements for \textit{renewable} fuels. P2X energy…
We consider a two-stage market mechanism for trading electricity including renewable generation as an alternative to the widely used multi-settlement market structure. The two-stage market structure allows for recourse decisions by the…
We develop an energy trading system, EDISON-X, that uses blockchain technology to manage the buying and selling of electricity usage rights, i.e., tokens. UPX and SPX tokens purchase electricity from the utility company's distribution lines…
We propose and develop a new algorithm for trading wind energy in electricity markets, within an online learning and optimization framework. In particular, we combine a component-wise adaptive variant of the gradient descent algorithm with…
Scalability and security problems of the centralized architecture models in cyberphysical systems have great potential to be solved by novel blockchain based distributed models.A decentralized energy trading system takes advantage of…
Smart cities need to connect physical devices as a network to improve the efficiency of city operations and services. Intelligent Transportation System (ITS) is one of the key components in smart cities, due to its capability of supporting…
Electricity storage is used for intertemporal price arbitrage and for ancillary services that balance unforeseen supply and demand fluctuations via frequency regulation. We present an optimization model that computes bids for both arbitrage…
As energy markets begin clearing at sub-hourly rates, their interaction with load control systems becomes a potentially important consideration. A simple model for the control of thermal systems using market-based power distribution…
Urban areas are negatively impacted by Carbon Dioxide (CO2 ) and Nitrogen Oxide (NOx) emissions. In order to achieve a cost-effective reduction of greenhouse gas emissions and to combat climate change, the European Union (EU) introduced an…
The participation of electric vehicle (EV) aggregators in real-time electricity markets offers promising revenue opportunities through price-responsive energy arbitrage. A central challenge in economic bidding lies in quantifying the…
The electricity industry has been one of the first to face technological changes motivated by sustainability concerns. Whilst efficiency aspects of market design have tended to focus upon market power concerns, the new policy challenges…
This study focuses on edge computing in dense millimeter wave vehicle-to-everything (V2X) networks. A control problem is formulated to minimize the energy consumption under delay constraint resulting from vehicle mobility. A tractable…
A global effort has been initiated to reduce the worldwide greenhouse gas (GHG) emissions, primarily carbon emissions, by half by 2030 and reach net-zero by 2050. The development of 6G must also be compliant with this goal. Unfortunately,…
In order to improve energy utilization and reduce carbon emissions, this paper presents a comprehensive energy system economic operation strategy of Incineration power plant Power-to-gas (P2G) with waste heat recovery. First, consider the…
Integrating renewable energy production into the electricity grid is an important policy goal to address climate change. However, such an integration faces economic and technological challenges. As power generation by renewable sources…
The uptake of battery electric vehicles (BEVs) is increasing to reduce greenhouse gas emissions in the transport sector. The rapid adoption of BEVs depends significantly on the coordinated charging/discharging infrastructure. Without it,…