Related papers: Market-Driven Flexibility Provision: A Tri-Level O…
Accommodating the uncertain and variable renewable energy sources (VRES) in electricity markets requires sophisticated and scalable tools to achieve market efficiency. To account for the uncertain imbalance costs in the real-time market…
With the ongoing transition of electricity markets worldwide from hourly to intra-hourly bidding, market participants--especially Renewable Energy Sources (RES)--gain improved opportunities to adjust energy and reserve schedules and to…
Integrating variable renewable energy into the grid has posed challenges to system operators in achieving optimal trade-offs among energy availability, cost affordability, and pollution controllability. This paper proposes a multi-agent…
Incentivizing flexible consumption of end-users is key to maximizing the value of local exchanges within Renewable Energy Communities. If centralized coordination for flexible resources planning raises concerns regarding data privacy and…
The manufacturing industry is under growing pressure to enhance sustainability while preserving economic competitiveness. As a result, manufacturers have been trying to determine how to integrate onsite renewable energy and real-time…
Integrating the gas and district heating with the electrical grid in a multi-energy grid has been shown to provide flexibility and prevent bottlenecks in the operation of electrical distribution grids. This integration assumes a top-down…
This paper proposes a bi-level optimization framework to investigate the optimal market operation strategies of price-maker battery energy storage systems (BESSs) in real-time energy, spinning reserve, and pay as performance regulation…
The growth of distributed renewable energy in the electrical grid presents challenges to its stability and quality. To address this at the local level, flexibility energy strategies emerge as an innovative technique. However, managing these…
A framework is introduced to integrate renewable energy sources (RES) and dynamic pricing capabilities of the smart grid into beamforming designs for coordinated multi-point (CoMP) downlink communication systems. To this end, novel models…
Some consumers, particularly households, are unwilling to face volatile electricity prices, and they can perceive as unfair price differentiation in the same local area. For these reasons, nodal prices in distribution networks are rarely…
This paper investigates a wireless-powered hybrid reflecting intelligent surface (hybrid RIS)-assisted multiple access system, where the RIS can harvest energy from energy station (ES) transmitted radio frequency signal (RF), and each…
To accommodate the changes in the nature and pattern of electricity consumption with the available resources, utility companies have introduced a variety of rate structures over the years. This paper develops a comprehensive optimization…
In this work, we present a detailed model of a Renewable Energy Source (RES)-based Virtual Power Plant (VPP) that participates in Day-Ahead Market (DAM) and Intra-Day Market (IDM) with dispatchable and non-dispatchable RESs and flexible…
The increasing penetration of renewable energy in recent years has led to more uncertainties in power systems. In order to maintain system reliability and security, electricity market operators need to keep certain reserves in the…
Following recent Danish legislation promoting energy communities, we explore how to enable these communities to provide grid services to distribution system operators. In particular, we focus on "capacity limitation services", where we…
In the operation of the integrated energy system (IES), considering further reducing carbon emissions, improving its energy utilization rate, and optimizing and improving the overall operation of IES, an optimal dispatching strategy of…
In this paper, we consider a realistic and meaningful scenario in the context of smart grids where an electricity retailer serves three different types of customers, i.e., customers with an optimal home energy management system embedded in…
We study how high charging rate demands from electric vehicles (EVs) in a power distribution grid may collectively cause poor dynamic performance, and propose a price incentivization strategy to steer customers to settle for lesser charging…
Energy cooperatives (ECs) such as residential and industrial microgrids have the potential to mitigate increasing fluctuations in renewable electricity generation, but only if their joint response is coordinated. However, the coordination…
As an efficient way to integrate multiple distributed energy resources and the user side, a microgrid is mainly faced with the problems of small-scale volatility, uncertainty, intermittency and demand-side uncertainty of DERs. The…