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Thermostatically Controlled Loads (TCLs) such as air conditioners and water heaters typically maintain their temperature within a preset range using on/off actuation. These types of loads are inherently flexible: many different power…
An important scenario for smart grids which encompass distributed electrical networks is given by the simultaneous presence of aggregators and individual consumers. In this work, an aggregator is seen as an entity (a coalition) which is…
We show that when firms compete via supply functions, transferring high-cost capacity to the largest, most efficient firm--thereby diversifying its production technologies while increasing concentration--can lower prices by prompting the…
The growing penetration of distributed energy resources (DERs) is leading to continually changing operating conditions, which need to be managed efficiently by distribution grid operators. The intermittent nature of DERs such as solar…
In this work, we address the problem of charging coordination between electric trucks and charging stations. The problem arises from the tension between the trucks' nontrivial charging times and the stations' limited charging facilities.…
Dual-channel closed-loop supply chains (DCCLSCs) play a vital role in attaining both sustainability and profitability. This paper introduces a game-theoretic model to analyze optimal pricing strategies for primary and replacement customers…
This paper proposes a new strategy for optimal grid frequency regulation (FR) in an interconnected power system where regional ac grids and an offshore wind farm are linked via a multi-terminal high voltage direct-current (MTDC) network. In…
This paper studies the optimal spatial pricing for a ride-sourcing platform subject to a congestion charge. The platform determines the ride prices over the transportation network to maximize its profit, while the regulatory agency imposes…
Electric Vehicles (EV) impact urban networks both when driving (e.g., noise and pollution reduction) and charging. For the electrical grid, the flexibility of EV charging makes it a significant actor in "Demand Response" mechanisms.…
In the last decade, charging service providers are emerging along with the prevalence of electric vehicles. These providers need to strategically optimize their charging prices to improve the profits considering operation conditions of the…
The smart grid is envisioned to significantly enhance the efficiency of energy consumption, by utilizing two-way communication channels between consumers and operators. For example, operators can opportunistically leverage the delay…
With the electrification in freight transportation, the availability of fast-charging facilities becomes essential to facilitate en-route charging for freight electric vehicles. Most studies focus on planning charging facilities based on…
This paper finds near equilibrium prices for electricity markets with nonconvexities due to binary variables, in order to reduce the market participants' opportunity costs, such as generators' unrecovered costs. The opportunity cost is…
The Smart Grid is not just about the digitalization of the Power Grid. In its more visionary acceptation, it is a model of energy management in which the users are engaged in producing energy as well as consuming it, while having…
Fixed pickup and delivery times can strongly limit the performance of freight transportation. Against this backdrop, fleet operators can use compensation mechanisms such as monetary incentives to buy delay time from their customers, in…
An increasing share of consumers care about the carbon footprint of their electricity. This paper analyzes a method to integrate consumer carbon preferences in the electricity market-clearing by introducing consumer-based carbon costs and a…
The energy sector is facing rapid changes in the transition towards clean renewable sources. However, the growing share of volatile, fluctuating renewable generation such as wind or solar energy has already led to an increase in power grid…
The flexible power consumption feature of thermostatically controlled loads (TCLs) such as heating, ventilation, and air-conditioning (HVAC) systems makes them attractive targets for demand response (DR). TCLs possess a brief period where…
We consider the problem of co-optimized energy-reserve market clearing with state-of-charge (SoC) dependent bids from battery storage participants. While SoC-dependent bids capture storage's degradation and opportunity costs, such bids…
With the development of the smart grid concept and the increasing expansion of advanced communication and measurement equipment, consumers can actively participate in the power system operation. The intelligent use of these facilities…