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Robotics and related technologies are central to the ongoing digitization and advancement of manufacturing. In recent years, a variety of strategic initiatives around the world including "Industry 4.0", introduced in Germany in 2011 have…
The electricity industry has been one of the first to face technological changes motivated by sustainability concerns. Whilst efficiency aspects of market design have tended to focus upon market power concerns, the new policy challenges…
The widespread use of information and communication technology (ICT) over the course of the last decades has been a primary catalyst behind the digitalization of power systems. Meanwhile, as the utilization rate of the Internet of Things…
The Energiewende is a paradigm change that can be witnessed at latest since the political decision to step out of nuclear energy. Moreover, despite common roots in Electrical Engineering, the control community and the power systems…
In this paper, we develop a new approach to the very short-term point forecasting of electricity prices in the continuous market. It is based on the Support Vector Regression with a kernel correction built on additional forecast of…
After the fall of the Berlin Wall, Central and Eastern Europe were subject to strong polarisation processes. This article proposes examines two neglected aspects regarding the transition period: a comparative static assessment of foreign…
The method of flow tracing follows the power flow from net-generating sources through the network to the net-consuming sinks, which allows to assign the usage of the underlying transmission infrastructure to the system participants. This…
This article reviews different kinds of models for the electric power grid that can be used to understand the modern power system, the smart grid. From the physical network to abstract energy markets, we identify in the literature different…
Spot electricity markets are considered under a Game-Theoretic framework, where risk averse players submit orders to the market clearing mechanism to maximise their own utility. Consistent with the current practice in Europe, the market…
Electric Vehicles (EVs), as their penetration increases, are not only challenging the sustainability of the power grid, but also stimulating and promoting its upgrading. Indeed, EVs can actively reinforce the development of the Smart Grid…
In electricity markets, retailers or brokers want to maximize profits by allocating tariff profiles to end consumers. One of the objectives of such demand response management is to incentivize the consumers to adjust their consumption so…
While the field of electricity price forecasting has benefited from plenty of contributions in the last two decades, it arguably lacks a rigorous approach to evaluating new predictive algorithms. The latter are often compared using unique,…
We consider the problem of optimal trading for a power producer in the context of intraday electricity markets. The aim is to minimize the imbalance cost induced by the random residual demand in electricity, i.e. the consumption from the…
Trading on the day-ahead electricity markets requires accurate information about the realization of electricity prices and the uncertainty attached to the predictions. Deriving accurate forecasting models presents a difficult task due to…
A competitive wholesale electricity market consists of thousands of interacting market participants. Driven by the variations of fuel costs, system loads and weathers, these market participants compete actively and behave variously in the…
The European Economic Area Electricity Network Benchmark (EEA-ENB) is a multi-area power system representing the European network of transmission systems for electricity to facilitate the application of distributed control techniques. In…
The main advantage of wind and solar power plants is the power production free of CO2. Their main disadvantage is the volatility of the generated power. According to the estimates of H.-W. Sinn[1], suppressing this volatility requires…
The demand-supply balance of electricity systems is fundamentally linked to climate conditions. In light of this, the present study aims to model the effect of climate change on the European electricity system, specifically on its long-term…
Competition has been introduced in the electricity markets with the goal of reducing prices and improving efficiency. The basic idea which stays behind this choice is that, in competitive markets, a greater quantity of the good is exchanged…
As energy markets begin clearing at sub-hourly rates, their interaction with load control systems becomes a potentially important consideration. A simple model for the control of thermal systems using market-based power distribution…