Related papers: Peer-to-Peer Basis Risk Management for Renewable P…
After a century of relative stability of the electricity industry, extensive deployment of distributed energy resources and recent advances in computation and communication technologies have changed the nature of how we consume, trade, and…
This paper presents a parametric model approach to address the problem of photovoltaic generation forecasting in a scenario where measurements of meteorological variables, i.e., solar irradiance and temperature, are not available at the…
Continuous integration of renewable energy sources into power networks is causing a paradigm shift in energy generation and distribution with regards to trading and control; the intermittent nature of renewable sources affects pricing of…
It is speculated that higher penetration of inverter-based distributed photo-voltaic (PV) power generators can increase the risk of tripping events due to voltage fluctuations. To quantify this risk utilities need to solve the interactive…
The increasing penetration of renewable energy poses significant challenges to power grid reliability. There have been increasing interests in utilizing financial tools, such as insurance, to help end-users hedge the potential risk of lost…
The massive integration of uncertain distributed renewable energy resources into power systems raises power imbalance concerns. Peer-to-peer (P2P) energy trading provides a promising way to balance the prosumers' volatile energy power…
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…
In this paper, we aim to leverage peer to peer (P2P) transactive energy framework for optimal control of rooftop or neighborhood solar power with battery electric storage systems (BESS). Here we propose that the multiple neighboring…
As the penetration of distributed energy resources in the residential sector increases, the scope for sharing arrangements expands. We model a peer-to-peer rental market for rooftop solar and energy storage in the residential sector, with…
The inherent intermittency of renewable sources like wind and solar has resulted in a bundling of renewable generators with storage resources (batteries) for increased reliability. In this paper, we consider the problem of energy sharing…
In this paper, we propose a bilateral peer-to-peer (P2P) energy trading scheme under single-contract and multi-contract market setups, both as an assignment game, and a special class of coalitional games. {The proposed market formulation…
We design and analyze the performance of a redundancy management mechanism for Peer-to-Peer backup applications. Armed with the realization that a backup system has peculiar requirements -- namely, data is read over the network only during…
Due to changes in frequency and intensity of extreme weather events, such as heatwaves and storms, power systems around the globe are having to deal with increased imbalance between demand and supply and additional risk of loss of supply,…
In pursuit of carbon neutrality, many countries have adopted renewable portfolio standards to facilitate the integration of renewable energy. However, increasing penetration of renewable energy resources will also pose higher requirements…
This work focuses on the electric power market, comparing the status quo with the recent trend towards the increase in distributed self-generation capabilities by prosumers. Starting from the existing tension between the intrinsically…
Renewable energy is essential for energy security and global warming mitigation. However, power generation from renewable energy sources is uncertain due to volatile weather conditions and complex equipment operations. To improve…
Parametric insurance contracts translate index measurements to compensation for policyholders' losses using predefined payment schemes. These need to be designed carefully to keep basis risk, i.e. the disparity between payouts and true…
This paper addresses a central challenge of jointly considering shorter-term (e.g. hourly) and longer-term (e.g. yearly) uncertainties in power system planning with increasing penetration of renewable and storage resources. In conventional…
Distribution system end users are transforming from passive to active participants, marked by the push towards widespread adoption of edge-level Distributed Energy Resources (DERs). This paper addresses the challenges in distribution system…
The increasing penetration of renewable energy sources introduces significant challenges to power grid stability, primarily due to their inherent variability. A new opportunity for grid operation is the smart integration of electricity…