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The rapid expansion of wind and solar energy leads to an increasing volatility in the electricity generation. Previous studies have shown that storage devices provide an opportunity to balance fluctuations in the power grid. An economical…

最优化与控制 · 数学 2017-11-06 Lars Siemer , Wided Medjroubi

In auction markets that are prone to market power abuse, preventive mitigation of bid prices can be applied through automated mitigation procedures (AMP). Despite the widespread application of AMP in US electricity markets, there exists…

综合经济学 · 经济学 2025-11-27 Chiara Fusar Bassini , Jacqueline Adelowo , Priya L. Donti , Lynn H. Kaack

Bidding flexibility in day-ahead and intraday auctions would enable decentralized flexible resources, such as electric vehicles and heat pumps, to efficiently align their consumption with the intermittent generation of renewable energy.…

系统与控制 · 电气工程与系统科学 2025-12-16 Gabriel Ellemund , Thomas Hübner , Quentin Lété , Stefano Bracco , Matteo Fresia , Gabriela Hug

This paper presents a novel method of global adaptive dynamic programming (ADP) for the adaptive optimal control of nonlinear polynomial systems. The strategy consists of relaxing the problem of solving the Hamilton-Jacobi-Bellman (HJB)…

动力系统 · 数学 2017-01-11 Yu Jiang , Zhong-Ping Jiang

In the smart grid, the prosumers can sell unused electricity back to the power grid, assuming the prosumers own renewable energy sources and storage units. The maximizing of their profits under a dynamic electricity market is a problem that…

机器学习 · 计算机科学 2024-05-10 Kode Creer , Imitiaz Parvez

Many modern schedulers can dynamically adjust their service capacity to match the incoming workload. At the same time, however, unpredictability and instability in service capacity often incur operational and infrastructure costs. In this…

最优化与控制 · 数学 2020-05-12 Yorie Nakahira , Andres Ferragut , Adam Wierman

Most literature surrounding optimal bidding strategies for aggregators in European day-ahead market (DAM) considers only hourly orders. While other order types (e.g., block orders) may better represent the temporal characteristics of…

最优化与控制 · 数学 2022-08-29 Yogesh Pipada Sunil Kumar , S. Ali Pourmousavi , Markus Wagner , Jon A. R. Liisberg

The implementation of electricity markets based on locational marginal pricing in a multi-settlement process has allowed wholesale competition, with pricing mechanisms that incentivize the optimal allocation of generation, transmission, and…

系统与控制 · 电气工程与系统科学 2020-12-29 Veronica R. Bosquezfoti , Andrew L. Liu

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…

交易与市场微观结构 · 定量金融 2018-11-27 René Aïd , Pierre Gruet , Huyên Pham

This paper presents an optimal scheduling model for a microgrid participating in the electricity distribution market in interaction with the Distribution Market Operator (DMO). The DMO is a concept proposed here, which administers the…

系统与控制 · 计算机科学 2016-02-05 Sina Parhizi , Amin Khodaei

Strategic bidding problems in electricity markets are widely studied in power systems, often by formulating complex bi-level optimization problems that are hard to solve. The state-of-the-art approach to solve such problems is to…

最优化与控制 · 数学 2016-06-21 Mahdi Ghamkhari , Ashkan Sadeghi-Mobarakeh , Hamed Mohsenian-Rad

Price based demand response schemes may significantly improve power system efficiency. Additionally, it is desired that such schemes yield improved power operation, by reducing the peak consumption. This paper proposes the Intraday Block…

最优化与控制 · 数学 2023-01-31 Carolina Cortez , Andreas Kasis , Dimitrios Papadaskalopoulos , Stelios Timotheou

In this paper, we address a key issue of designing architectures and algorithms which generate optimal demand response in a decentralized manner for a smart-grid consisting of several stochastic renewables and dynamic loads. By optimal…

系统与控制 · 计算机科学 2021-04-27 Rahul Singh , Ke Ma , Anupam Thatte , P. R. Kumar , Le Xie

In this paper, we suggest that reserves must be computed dynamically to account for wind power volatility. We formalize the notion of dynamic reserves in support of sequential Day-Ahead-Market (DAM) and Real-Time-Market (RTM) clearing and…

系统与控制 · 电气工程与系统科学 2023-02-21 Marija Ilic , Dongwei Zhao

Virtual power plants (VPPs) are an emerging paradigm that aggregates distributed energy resources (DERs) for coordinated participation in power systems, including bidding as a single dispatchable entity in the wholesale market. In this…

最优化与控制 · 数学 2026-04-03 Weiqi Meng , Hongyi Li , Bai Cui

In this paper, a novel approach to define the optimal bidding of renewable-only virtual power plants (RVPPs) in the day-ahead, secondary reserve, and intra-day markets is proposed. To this aim, a robust optimization algorithm is developed…

系统与控制 · 电气工程与系统科学 2024-02-20 Hadi Nemati , Pedro Sánchez-Martín , Álvaro Ortega , Lukas Sigrist , Enrique Lobato , Luis Rouco

Battery-less Internet of Things (IoT) devices rely on ambient energy harvesting and therefore require scheduling policies that jointly account for energy intermittency and hard timing constraints. This challenge is especially acute in…

系统与控制 · 电气工程与系统科学 2026-05-20 Shahab Jahanbazi , Mateen Ashraf , Onel L. A. López

The centralized power generation infrastructure that defines the North American electric grid is slowly moving to the distributed architecture due to the explosion in use of renewable generation and distributed energy resources (DERs), such…

最优化与控制 · 数学 2022-04-27 Mayank Baranwal , Kunal Garg , Dimitra Panagou , Alfred O. Hero

This paper proposes online algorithms for dynamic matching markets in power distribution systems, which at any real-time operation instance decides about matching -- or delaying the supply of -- flexible loads with available renewable…

系统与控制 · 电气工程与系统科学 2020-07-17 Deepan Muthirayan , Masood Parvania , Pramod P. Khargonekar

A significant portion of a consumer's annual electrical costs can be made up of coincident peak charges: a transmission surcharge for power consumed when the entire system is at peak demand. This charge occurs only a few times annually, but…

最优化与控制 · 数学 2019-08-05 Chase P. Dowling , Baosen Zhang