Related papers: Energy Price and Workload Related Dispatching Rule…

Pricing multi-interval economic dispatch of electric power under operational uncertainty is considered in this two-part paper. Part I investigates dispatch-following incentives of profit-maximizing generators and shows that, under mild…

This paper proposes a novel energy storage price arbitrage algorithm combining supervised learning with dynamic programming. The proposed approach uses a neural network to directly predicts the opportunity cost at different energy storage…

Contemporary distribution network can be seen with diverse dispatchable and non-dispatchable energy resources. The coordinated scheduling of these dispatchable resources with non-dispatchable resources can provide several techno-economic…

In practical vehicle routing problems (VRPs), important non-monetary benefits can be achieved with more balanced operational plans which explicitly consider workload equity. This has motivated practitioners to include a wide variety of…

High renewable penetration increases the frequency and magnitude of net-load ramps, stressing real-time flexibility. Two commonly deployed remedies are look-ahead economic dispatch (LAED) and ramp products (RPs), yet their operational…

The amalgamation of Internet of Things and the smart grid enables the energy optimal scheduling of appliances based on user needs and dynamic energy prices. Additionally, progress in local storage technology calls for exploiting additional…

Incorporating renewable energy sources (RESs) into manufacturing systems has been an active research area in order to address many challenges originating from the unpredictable nature of RESs such as photovoltaics.In the energy-aware…

We propose a scenario-oriented approach for energy-reserve joint procurement and pricing for electricity market. In this model, without the empirical reserve requirements, reserve is procured according to all possible contingencies and…

This paper considers the economic dispatch problem for a network of power generating units communicating over a strongly connected, weight-balanced digraph. The collective aim is to meet a power demand while respecting individual generator…

Supply chain management has been concentrated on productive ways to manage flows through a sophisticated vendor, manufacturer, and consumer networks for decades. Recently, energy and material rates have been greatly consumed to improve the…

Finding clear economic signals for distribution-network operation and expansion is increasingly important as single-phase loads and distributed energy resources escalate. These devices create phase-to-phase imbalances that manifest as…

Intensified netload uncertainty and variability led to the concept of a new market product, flexible ramping product (FRP). The main goal of FRP is to enhance the generation dispatch flexibility inside real-time (RT) markets to mitigate…

Uncertainties in core quality condition, return quantity and timing can propagate and accumulate in process cost and complicate cost assessments. However, regardless of cost assessment complexities, accurate cost models are required for…

In the absence of external driving, a system exposed to thermal fluctuations will relax to equilibrium. However, the constant input of work makes it possible to counteract this relaxation, and maintain the system in a nonequilibrium steady…

For effective integration of building operations into the evolving demand response programs of the power grid, real-time decisions concerning the use of building appliances for grid services must excel on multiple criteria, ranging from the…

In this paper we formulate an optimization approach to schedule electrical loads given a short term prediction of time-varying power production and the ability to store only a limited amount of electrical energy. The proposed approach is…

Energy consumption represents a significant cost in data center operation. A large fraction of the energy, however, is used to power idle servers when the workload is low. Dynamic provisioning techniques aim at saving this portion of the…

The integration of renewable sources poses challenges at the operational and economic levels of the power grid. In terms of keeping the balance between supply and demand, the usual scheme of supply following load may not be appropriate for…

A new approach to the solution of Economic Dispatch using Particle Swarm Optimization is presented. It is the progression of allocating production amongst the dedicated units such that the restriction forced are fulfilled and the power…

In this paper we formulate of the Economic Dispatch (ED) problem in Power Systems in continuous time and include in it ramping constraints to derive an expression of the price that reflects some important inter-temporal constraints of the…