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Power systems face increasing weather-driven variability and, therefore, increasingly rely on flexible but energy-limited storage resources. Energy storage can buffer this variability, but its value depends on intertemporal decisions under…
The operation of residential energy hubs with multiple energy carriers (electricity, heat, mobility) poses a significant challenge due to different carrier dynamics, hybrid storage coordination and high-dimensional action-spaces. Energy…
The conventional practice of retail electric utilities is to aggregate customers geographically. The utility purchases electricity for its customers via bulk transactions on the wholesale market, and it passes these costs along to its…
The increasing use of renewable energy sources with variable output, such as solar photovoltaic and wind power generation, calls for Smart Grids that effectively manage flexible loads and energy storage. The ability to forecast consumption…
This paper investigates the economic impact of vehicle-home-grid integration in the presence of rooftop PV, by proposing an online, aging-aware energy management strategy for an electric vehicle (EV), a household, and the electrical grid.…
Efficient electric heat pumps that replace fossil-fueled heating systems could significantly reduce greenhouse gas emissions. However, electric heat pumps can sharply increase electricity demand, causing high utility bills and stressing the…
We consider joint energy storage management and load scheduling at a residential site with integrated renewable generation. Assuming unknown arbitrary dynamics of renewable source, loads, and electricity price, we aim at optimizing the load…
We propose and analyze a day-ahead reserve market model that handles bids from flexible loads. This pool market model takes into account the fact that a load modulation in one direction must usually be compensated later by a modulation of…
This paper studies proportional risk sharing at claim occurrence time in community-based insurance. Each participant is modeled by an individual Cram\'er-Lundberg surplus process, and, whenever a claim is reported within the pool, its cost…
Prospective power supply systems based on Renewable Energy Sources require measures to balance power generation and load at all times. The utilisation of storage devices and backup power plants is widely suggested for this purpose, whereas…
We consider the residential energy storage management system with integrated renewable generation, with the availability of bidirectional energy flow from and to the grid thorough buying and selling. We propose a real-time bidirectional…
Electricity load consumption may be extremely complex in terms of profile patterns, as it depends on a wide range of human factors, and it is often correlated with several exogenous factors, such as the availability of renewable energy and…
As electricity consumption grows, reducing peak demand--the maximum load on the grid--has become critical for preventing infrastructure strain and blackouts. Pricing mechanisms that incentivize consumers with flexible loads to shift…
Modular battery integrated converters or so called dynamically reconfigurable battery packs are expanding into emerging applications, including electromobility and grid storage. Although they offer many degrees of freedom, the state of the…
The majority of electric vehicles (EVs) are charged domestically overnight, where the precise timing of power allocation is not important to the user, thus representing a source of flexibility that can be leveraged by charging control…
With the proliferation of advanced metering infrastructure (AMI), more real-time data is available to electric utilities and consumers. Such high volumes of data facilitate innovative electricity rate structures beyond flat-rate and…
Given its substantial contribution of 40\% to global power consumption, the built environment has received increasing attention to serve as a source of flexibility to assist the modern power grid. In that respect, previous research mainly…
Electrified heating systems with thermal storage, such as electric boilers and heat pumps, represent a major source of demand-side flexibility. Under current electricity market designs, balance responsible parties (BRPs) operating such…
Load points are one of the most vital parts of power systems. Due to the new load forms and programs introduced in the demand side, the load-serving entities (LSEs) no longer deal with lump loads, but rather with more dynamic, rational and…
Wide-scale electrification of the transportation sector will require careful planning and coordination with the power grid. Left unmanaged, uncoordinated charging of electric vehicles (EVs) at increased levels of penetration will amplify…