Related papers: Chance-Constrained Economic Dispatch with Flexible…
Flexible demand response (DR) resources can be leveraged to accommodate the stochasticity of some distributed energy resources. This paper develops an online learning approach that continuously estimates price sensitivities of residential…
Nonconvexities in markets with discrete decisions and nonlinear constraints make efficient pricing challenging, often necessitating subsidies. A prime example is the unit commitment (UC) problem in electricity markets, where costly…
In electricity systems supplied by renewable energy sources (RES), storage operators shift energy across time, helping maintain system adequacy. However, characterizing their strategic role and identifying the conditions under which…
Increasing participation of prosumers in the electricity grid calls for efficient operational strategies for utilizing the flexibility offered by Distributed Energy Resources (DER) to match supply and demand. This paper investigates the…
Liberalized electricity markets often include resource adequacy mechanisms that require consumers to contract with generation resources well in advance of real-time operations. While administratively defined mechanisms have most commonly…
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…
The growing integration of renewable energy sources necessitates adequate reserve capacity to maintain power balance. However, in market clearing, power companies with flexible resources may submit strategic bids to maximize profits,…
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…
We present modeling and analysis of day-ahead spatio-temporal energy markets in which each competitive aggregator aims at making the highest profit by managing a complex mixture of different energy resources, such as conventional…
With the integration of Renewable Energy Sources (RESs), the power network must be robust to handle the system's uncertain scenarios. DC Transmission Expansion Planning (TEP) plans are generally not feasible for the AC network. A first…
Existing emissions trading system (ETS) designs inhibit emissions but do not constrain warming to any fxed level, preventing certainty of the global path of warming. Instead, they have the indirect objective of reducing emissions. They…
To facilitate the integration of distributed energy resources (DERs) into the wholesale market while maintaining the tractability of associated market operation tools such as unit commitment (UC), existing DER aggregation (DERA) studies…
This paper proposes a method to design network-aware flexibility requests for local flexibility markets. These markets are becoming increasingly important for distribution system operators (DSOs) to ensure grid safety while minimizing costs…
Existing electricity market designs assume risk neutrality and lack risk-hedging instruments, which leads to suboptimal market outcomes and reduces the overall market efficiency. This paper enables risk-trading in the chance-constrained…
Large data centers are being deployed in the U.S. at an unprecedented rate, introducing significant flexible load potential. A portion of data center workloads - best-effort (BE) jobs - can be scheduled flexibly to reduce power system…
Decarbonisation, decentralisation, and intermittency are driving the development of flexibility markets towards shorter market time units (MTU). Shorter MTUs and shorter gate closures lower the entrance barriers of demand side aggregators…
Battery Energy Storage Systems (BESS) are a cornerstone of the energy transition, as their ability to shift electricity across time enables both grid stability and the integration of renewable generation. This paper investigates the…
Pricing multi-interval economic dispatch of electric power under operational uncertainty is considered in this two-part paper. Part I investigates dispatch-following incentives for generators under the locational marginal pricing (LMP) and…
Renewable sources are taking center stage in electricity generation. Due to the intermittent nature of these renewable resources, the problem of the demand-supply gap arises. To solve this problem, several techniques have been proposed in…
Renewable energy sources (RES) has gained significant interest in recent years. However, due to favourable weather conditions, the RES is installed in remote locations with limited transmission capacity. As a result, it can lead to major…