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Battery participants in performance-based frequency regulation markets must consider the cost of battery aging in their operating strategies to maximize market profits. In this paper we solve this problem by proposing an optimal control…

最优化与控制 · 数学 2018-06-12 Bolun Xu , Yuanyuan Shi , Daniel S. Kirschen , Baosen Zhang

Energy storage are strategic participants in electricity markets to arbitrage price differences. Future power system operators must understand and predict strategic storage arbitrage behaviors for market power monitoring and capacity…

系统与控制 · 电气工程与系统科学 2024-02-02 Yuexin Bian , Ningkun Zheng , Yang Zheng , Bolun Xu , Yuanyuan Shi

This work presents a suite of two optimisation models for the short-term scheduling and redispatch of a virtual power plant (VPP) composed of a wind farm and a Li-ion battery, that participates in the day-ahead energy and secondary…

系统与控制 · 电气工程与系统科学 2022-06-29 Daniel Fernández-Muñoz , Juan I. Pérez-Díaz

The global ambitions of a carbon-neutral society necessitate a stable and robust smart grid that capitalises on frequency reserves of renewable energy. Frequency reserves are resources that adjust power production or consumption in real…

This paper proposes an agent-based model that combines both spot and balancing electricity markets. From this model, we develop a multi-agent simulation to study the integration of the consumers' flexibility into the system. Our study…

系统与控制 · 计算机科学 2018-02-13 Florian Kühnlenz , Pedro H. J. Nardelli , Santtu Karhinen , Rauli Svento

This paper studies a distributed continuous-time aggregative optimization problem, which is a fundamental problem in the price-based energy management. The objective of the distributed aggregative optimization is to minimize the sum of…

最优化与控制 · 数学 2023-09-26 Xin Cai , Feng Xiao , Bo Wei , Aiping Wang

This paper presents a framework to solve the strategic bidding problem of participants in an electricity market cleared by employing the full AC Optimal Power Flow (ACOPF) problem formulation. Traditionally, the independent system operators…

最优化与控制 · 数学 2022-03-25 Arash Farokhi Soofi , Saeed D. Manshadi

A smart grid connects wind or solar or storage farms, fossil fuel plants, industrialor commercial loads, or load serving entities, modeled as stochastic dynamical systems. In each time period, they consume or supply electrical energy, with…

最优化与控制 · 数学 2016-06-30 Rahul Singh , P. R. Kumar , Le Xie

The amalgamation of Internet of Things and the smart grid enables the energy optimal scheduling of appliances based on user needs and dynamic energy prices. Additionally, progress in local storage technology calls for exploiting additional…

系统与控制 · 电气工程与系统科学 2022-11-17 Brian Setz , Kawsar Haghshenas , Marco Aiello

In a Shared Mobility on Demand Service (SMoDS), dynamic pricing plays an important role in the form of an incentive for the decision of the empowered passenger on the ride offer. Strategies for determining the dynamic tariff should be…

最优化与控制 · 数学 2020-07-06 Yue Guan , Anuradha M. Annaswamy , H. Eric Tseng

Demand-side management presents significant benefits in reducing the energy load in smart grids by balancing consumption demands or including energy generation and/or storage devices in the user's side. These techniques coordinate the…

最优化与控制 · 数学 2016-05-06 Javier Zazo , Santiago Zazo , Sergio Valcarcel Macua

This work is concerned with the application of game theoretic principles to model competition between demand response aggregators for selling excess energy stored in electrochemical storage devices directly to other aggregators in a power…

系统与控制 · 计算机科学 2016-12-05 Mahdi Motalleb , Reza Ghorbani

Smart solar inverters can be used to store, monitor and manage a home's solar energy. We describe a smart solar inverter system with battery which can either operate in an automatic mode or receive commands over a network to charge and…

系统与控制 · 计算机科学 2018-10-29 Richard Bean , Hina Khan

This paper presents a new formulation for model-free robust optimal regulation of continuous-time nonlinear systems. The proposed reinforcement learning based approach, referred to as incremental adaptive dynamic programming (IADP),…

系统与控制 · 电气工程与系统科学 2022-03-25 Cong Li , Yongchao Wang , Fangzhou Liu , Qingchen Liu , Martin Buss

An important issue in today's electricity markets is the management of flexibilities offered by new practices, such as smart home appliances or electric vehicles. By inducing changes in the behavior of residential electric utilities, demand…

系统与控制 · 电气工程与系统科学 2022-09-08 Olivier Bilenne , Paulin Jacquot , Nadia Oudjane , Mathias Staudigl , Cheng Wan , Barbara Franci

To ensure a successful bid while maximizing of profits, generation companies (GENCOs) need a self-scheduling strategy that can cope with a variety of scenarios. So distributionally robust opti-mization (DRO) is a good choice because that it…

最优化与控制 · 数学 2021-05-05 Linfeng Yang , Ying Yang , Guo Chen , Zhaoyang Dong

The rising share of volatile renewable generation increases the demand for flexibility in the electricity grid. Flexible capacity can be offered by industrial energy systems through participation on either the continuous intraday,…

最优化与控制 · 数学 2022-12-26 Niklas Nolzen , Alissa Ganter , Nils Baumgärtner , Ludger Leenders , André Bardow

We address the co-optimization of behind-the-meter (BTM) distributed energy resources (DER), including flexible demands, renewable distributed generation (DG), and battery energy storage systems (BESS) under net energy metering (NEM)…

系统与控制 · 电气工程与系统科学 2025-03-12 Ruixiao Yang , Gulai Shen , Ahmed S. Alahmed , Chuchu Fan

Storage is expected to be a critical source of firming in low-carbon grids. A common concern raised from ex-post assessments is that storage resources can fail to respond to strong price signals during times of scarcity. While commonly…

最优化与控制 · 数学 2023-02-20 Ogun Yurdakul , Farhad Billimoria

The rapid growth of weather-dependent renewable generation increases price volatility and imbalance penalty risk in power markets, creating the need for advanced quantitative trading strategies. We develop a data-driven continuous-time…

数理金融 · 定量金融 2026-05-01 Chiheb Ben Hammouda , Michael Samet , Raúl Tempone
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