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The problem of heat system pricing is considered. A direct extension of locational marginal prices (LMP) in electricity markets to heat systems may lead to revenue inadequate issues. The underlying reason for such a problem is that, unlike…

Systems and Control · Electrical Eng. & Systems 2022-08-18 Xinyi Yi , Ye Guo , Hongbin Sun

Electricity markets typically clear in two stages: a day-ahead market and a real-time market. In this paper, we propose market mechanisms for a two-stage multi-interval electricity market with energy storage, generators, and demand…

Optimization and Control · Mathematics 2024-03-08 Rajni Kant Bansal , Enrique Mallada , Patricia Hidalgo-Gonzalez

Demand response (DR) programs play a crucial role in improving system reliability and mitigating price volatility by altering the core profile of electricity consumption. This paper proposes a game-theoretical model that captures the…

General Economics · Economics 2024-11-26 Arega Getaneh Abate , Rosana Riccardi , Carlos Ruiz

In smart energy communities, prosumers who both generate and consume energy play a crucial role in shaping energy management strategies. These communities use advanced platforms that enable prosumers to actively engage in the local…

Computational Engineering, Finance, and Science · Computer Science 2024-05-06 Atefeh Alirezazadeh , Vahid Disfani

We present a large real-world dataset obtained from monitoring a smart company facility over the course of six years, from 2018 to 2023. The dataset includes energy consumption data from various facility areas and components, energy…

Adding renewable energy sources and storage units to an electric grid has led to a change in the way energy is generated and billed. This shift cannot be managed without a unified view of energy systems and their components. This unified…

Networking and Internet Architecture · Computer Science 2022-01-24 Nandor Verba , Pablo Baldivieso-Monasterios , Siyuan Dong , Andrei Braitor , George Konstantopoulos , Elena Gaura , Euan Morris , Alison Halford , Colin Stephen

In this paper, we demonstrate that a consumer's marginal system impact is only determined by their demand profile rather than their demand level. Demand profile clustering is identical to cluster consumers according to their marginal…

Economics · Quantitative Finance 2017-01-11 Yang Yu , Guangyi Liu , Wendong Zhu , Fei Wang , Bin Shu , Kai Zhang , Ram Rajagopal , Nicolas Astier

A smart meter (SM) measures a consumer's electricity consumption and reports it automatically to a utility provider (UP) in almost real time. Despite many advantages of SMs, their use also leads to serious concerns about consumer privacy.…

Information Theory · Computer Science 2018-01-30 Giulio Giaconi , Deniz Gunduz , H. Vincent Poor

In smart energy communities, households of a particular geographical location make a cooperative group to achieve the community's social welfare. Prosumers are the users that both consume and produce energy. In this paper, we develop…

Systems and Control · Electrical Eng. & Systems 2023-01-02 Syed Eqbal Alam , Dhirendra Shukla

This article addresses the residential energy cost optimization problem in smart grid. To date, most of the previous research only consider a partial aspect of the cost optimization problem. As a result, they fail to analyze scenarios when…

Systems and Control · Computer Science 2015-05-06 Muhammad Raisul Alam , Marc St-Hilaire , Thomas Kunz

The detection of energy thefts is vital for the safety of the whole smart grid system. However, the detection alone is not enough since energy thefts can crucially affect the electricity supply leading to some blackouts. Moreover, privacy…

Cryptography and Security · Computer Science 2023-03-24 Arwa Alromih , John A. Clark , Prosanta Gope

Retail electrical power marketers, also known as retailers, typically set up contracts with suppliers to secure electricity at fixed prices on the one hand and with end users to meet their load requirements at agreed rates on the other…

Optimization and Control · Mathematics 2016-07-28 Barati Masoud , Nikkhah Mojdehi Mohammad , Kazemi Ahad

In this paper, we propose a bilateral peer-to-peer (P2P) energy trading scheme for residential prosumers with a simplified entry to the market. We formulate the market as an assignment game, a special class of coalitional games. For solving…

Systems and Control · Electrical Eng. & Systems 2023-01-25 A. A. Raja , S. Grammatico

In this paper, we study how datacenter energy cost can be effectively reduced in the wholesale electricity market via cooperative power procurement. Intuitively, by aggregating workloads and renewables across a group of datacenters, the…

Computer Science and Game Theory · Computer Science 2017-10-11 Zhe Yu , Yuanxiong Guo , Miao Pan , Yanmin Gong

The current trend towards more renewable and sustainable energy generation leads to an increased interest in new energy management systems and the concept of a smart grid. One important aspect of this is local energy trading, which is an…

Systems and Control · Electrical Eng. & Systems 2022-10-28 Jens Hönen , Johann L. Hurink , Bert Zwart

This paper focuses on the problem of energy imbalance management in amicrogrid. The problem is investigated from the power market perspective. Unlike the traditional power grid, a microgrid can obtain extra energy froma renewable energy…

Systems and Control · Electrical Eng. & Systems 2026-01-16 Wei-Yu Chiu , Hongjian Sun , H. Vincent Poor

Managing supply and demand in the electricity grid is becoming more challenging due to the increasing penetration of variable renewable energy sources. As significant end-use consumers, and through better grid integration, buildings are…

Systems and Control · Electrical Eng. & Systems 2020-08-14 Anjukan Kathirgamanathan , Mattia De Rosa , Eleni Mangina , Donal P. Finn

An effective way to oppose global warming and mitigate climate change is to electrify our energy sectors and supply their electric power from renewable wind and solar. Spatio-temporal predictions of electric load become increasingly…

Machine Learning · Computer Science 2022-11-23 Arsam Aryandoust , Anthony Patt , Stefan Pfenninger

In two-stage electricity markets, renewable power producers enter the day-ahead market with a forecast of future power generation and then reconcile any forecast deviation in the real-time market at a penalty. The choice of the forecast…

Systems and Control · Electrical Eng. & Systems 2025-01-15 Vladimir Dvorkin

While the field of electricity price forecasting has benefited from plenty of contributions in the last two decades, it arguably lacks a rigorous approach to evaluating new predictive algorithms. The latter are often compared using unique,…

Applications · Statistics 2022-04-07 Jesus Lago , Grzegorz Marcjasz , Bart De Schutter , Rafał Weron