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The energy transition is reshaping electricity systems, bringing new challenges, and emphasizing the need for strategic planning. Energy policies play a crucial role in guiding this transition. However, assessing their impacts often…

In Europe, Germany is taking the lead in the switch from the conventional to renewable energy. This poses new challenges as wind and solar energy are fundamentally intermittent, weather-dependent and less predictable. It is therefore of…

Statistical Finance · Quantitative Finance 2019-03-12 Abdolrahman Khoshrou , Eric J. Pauwels

Wholesale electricity markets are increasingly integrated via high voltage interconnectors, and inter-regional trade in electricity is growing. To model this, we consider a spatial equilibrium model of price formation, where constraints on…

Econometrics · Economics 2018-04-24 Michael Stanley Smith , Thomas S. Shively

An optimal scheduling model for a microgrid participating in the electricity distribution market in interaction with a Distribution Market Operator (DMO) is proposed in this paper. The DMO administers the established electricity market in…

Systems and Control · Computer Science 2016-11-15 Sina Parhizi , Amin Khodaei , Mohammad Shahidehpour

Interconnecting price zones and remote renewable energy sources has emerged as a key solution to achieving climate goals. The objective of this work is to present a formulation that extends the base optimal power flow model with price zones…

Systems and Control · Electrical Eng. & Systems 2025-05-27 Bernardo Castro Valerio , Vinícius Albernaz Lacerda , Marc Cheah-Mañe , Pieter Gebraad , Oriol Gomis-Bellmunt

The grid integration of intermittent Renewable Energy Sources (RES) causes costs for grid operators due to forecast uncertainty and the resulting production schedule mismatches. These so-called profile service costs are marginal cost…

General Finance · Quantitative Finance 2014-07-29 Jonas Müller , Marcus Hildmann , Andreas Ulbig , Göran Andersson

Global warming is endangering the earth's ecosystem. It is imperative for us to limit green house gas emissions in order to combat rising global average temperatures. One way to move forward is the integration of renewable energy resources…

Signal Processing · Electrical Eng. & Systems 2019-05-14 Matthias Pilz , Luluwah Al-Fagih

The European day-ahead electricity market is split into multiple bidding zones with a uniform price. The increase in renewables leads to a growing number of interventions in the generation of energy sources and increasing redispatch costs.…

General Economics · Economics 2025-01-08 Teodora Dobos , Martin Bichler , Johannes Knörr

In this paper, a flexibility-oriented microgrid optimal scheduling model is proposed to mitigate distribution network net load variability caused by large penetration distributed solar generation. The distributed solar generation…

Systems and Control · Computer Science 2016-08-17 Alireza Majzoobi , Amin Khodaei

Deploying distributed renewable energy at the demand side is an important measure to implement a sustainable society. However, the massive small solar and wind generation units are beyond the control of a central operator. To encourage…

Optimization and Control · Mathematics 2021-02-23 Yue Chen , Wei Wei , Han Wang , Quan Zhou , João P. S. Catalão

Power system models are a valuable and widely used tool to determine cost-minimal future operation and investment under political or ecological boundary conditions. Yet they are silent about the allocation of costs of single assets, as…

Physics and Society · Physics 2020-10-27 Fabian Hofmann

This work investigates the economic, social, and environmental impact of adopting different smart lighting architectures for home automation in two geographical and regulatory regions: Algiers, Algeria, and Stuttgart, Germany. Lighting…

Computers and Society · Computer Science 2019-07-25 Roufaida Laidi , Djamel Djenouri , Marc Ringel

Transition pathways for Europe to achieve carbon neutrality emphasize the need for a massive deployment of solar and wind energy. Global cost optimization would lead to installing most of the renewable capacity in a few resource-rich…

Physics and Society · Physics 2024-10-28 Parisa Rahdan , Elisabeth Zeyen , Marta Victoria

The development of distributed generation technology is endowing consumers the ability to produce energy and transforming them into "prosumers". This transformation shall improve energy efficiency and pave the way to a low-carbon future.…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-08-10 Yue Chen , Changhong Zhao

Deployment of high-penetration photovoltaic (PV) power is expected to have a range of effects -- both positive and negative -- on the distribution grid. The magnitude of these effects may vary greatly depending upon feeder topology,…

Physics and Society · Physics 2015-06-23 Michael A. Cohen , Duncan S. Callaway

Although recent studies have shown that electricity systems with shares of wind and solar above 80% can be affordable, economists have raised concerns about market integration. Correlated generation from variable renewable sources depresses…

General Finance · Quantitative Finance 2021-06-14 T. Brown , L. Reichenberg

The continuous introduction of renewable electricity and increased consumption through electrification of the transport and heating sector challenges grid stability. This study investigates load shifting through demand side management as a…

Systems and Control · Electrical Eng. & Systems 2023-07-04 Simon Thorsteinsson , Alex Arash Sand Kalaee , Pierre Vogler-Finck , Henrik Lund Stærmose , Ivan Katic , Jan Dimon Bendtsen

Cross-border transmission infrastructure is pivotal in balancing modern power systems, but requires fair allocation of cross-border transmission capacity, possibly via fair pricing thereof. This requirement can be implemented using…

Optimization and Control · Mathematics 2024-01-30 Erwann de Belloy de Saint-Lienard , Jakub Marecek , Vyacheslav Kungurtsev

The fast uptake of distributed energy resources (DERs) presents increasing challenges for managing hosting capacity in distribution networks. Existing solutions include direct load control, operating envelopes, and price-based control…

Systems and Control · Electrical Eng. & Systems 2026-02-16 Jiawei Zhang , Gregor Verbic , Frederik Geth , Mohsen Aldaadi , Rahmat Heidari , Julio Braslavsky

This paper studies how platform design shapes strategic behavior in decentralized electricity trading. We develop a finite-horizon dynamic game in which photovoltaic- and battery-equipped players ("prosumers") trade on a platform that maps…

General Economics · Economics 2026-03-23 Nicolas Eschenbaum , Nicolas Greber