Related papers: Peer-to-Peer Basis Risk Management for Renewable P…
Weather parametric insurance relies on weather indices rather than actual loss assessments, enhancing claims efficiency, reducing moral hazard, and improving fairness. In the context of increasing climate change risks, despite growing…
Flexible load at the demand-side has been regarded as an effective measure to cope with volatile distributed renewable generations. To unlock the demand-side flexibility, this paper proposes a peer-to-peer energy sharing mechanism that…
We develop a probabilistic framework for joint simulation of short-term electricity generation from renewable assets. In this paper we describe a method for producing hourly day-ahead scenarios of generated power at grid-scale across…
Extreme events, exacerbated by climate change, pose significant risks to the energy system and its consumers. However there are natural limits to the degree of protection that can be delivered from a centralised market architecture.…
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.…
Despite its popularity, the nature of solar energy is highly uncertain and weather dependent, affecting the business viability and investment of solar energy generation, especially for household users. To stabilize the income from solar…
Renewable power-to-ammonia (ReP2A), which uses hydrogen produced from renewable electricity as feedstock, is a promising pathway for decarbonizing the energy, transportation, and chemical sectors. However, variability in renewable…
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…
Peer-to-peer(P2P) energy trading may increase efficiency and reduce costs, but introduces significant challenges for network operators such as maintaining grid reliability, accounting for network losses, and redistributing costs equitably.…
The Intergovernmental Panel on Climate Change proposes different mitigation strategies to achieve the net emissions reductions that would be required to follow a pathway that limits global warming to 1.5{\deg}C with no or limited overshoot.…
This paper addresses the energy management of a grid-connected renewable generation plant coupled with a battery energy storage device in the capacity firming market, designed to promote renewable power generation facilities in small…
Securing an adequate supply of dispatchable resources is critical for keeping a power system reliable under high penetrations of variable generation. Traditional resource adequacy mechanisms are poorly suited to exploiting the growing…
Utilizing distributed renewable and energy storage resources via peer-to-peer (P2P) energy trading has long been touted as a solution to improve energy system's resilience and sustainability. Consumers and prosumers (those who have energy…
Integrating Distributed Energy Resources (DERs) with peer-to-peer (P2P) energy trading offers promising solutions for grid modernization by incentivizing prosumers to participate in mitigating peak demand. However, this integration also…
The adoption of distributed energy resources (DERs) such as solar panels and wind turbines is transforming the traditional energy grid into a more decentralized system, where microgrids are emerging as a key concept. Peer-to-Peer (P2P)…
The recent widespread adoption of rooftop solar backed by battery storage is enabling energy customers to both produce and consume electricity (i.e., prosumers of electricity). To facilitate prosumer participation in the electric grid, new…
Peer-to-peer (P2P) energy systems have recently emerged as a promising approach for integrating renewable and distributed energy resources into energy grids to reduce carbon emissions. However, market-clearing energy price and amounts,…
Owing to the decreasing costs of distributed energy resources (DERs) as well as decarbonization policies, power systems are undergoing a modernization process. The large deployment of DERs together with internet of things (IoT) devices…
Accurate and reliable forecasting of renewable energy generation is crucial for the efficient integration of renewable sources into the power grid. In particular, probabilistic forecasts are becoming essential for managing the intrinsic…
Significant cost reductions attract ever more households to invest in small-scale renewable electricity generation and storage. Such distributed resources are not used in the most effective way when only used individually, as sharing them…