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The integration of renewable sources poses challenges at the operational and economic levels of the power grid. In terms of keeping the balance between supply and demand, the usual scheme of supply following load may not be appropriate for…

系统与控制 · 计算机科学 2014-04-07 Ashutosh Nayyar , Matias Negrete-Pincetic , Kameshwar Poolla , Pravin Varaiya

The energetic flexibility of electric energy resources can be exploited when trading on wholesale energy and ancillary service markets. This paper considers the problem of a Balance Responsible Party to maximize its profit from trading on…

系统与控制 · 计算机科学 2018-04-12 Fabian L. Müller , Stefan Woerner , John Lygeros

Demand response provides utilities with a mechanism to share with end users the stochasticity resulting from the use of renewable sources. Pricing is accordingly used to reflect energy availability, to allocate such a limited resource to…

人工智能 · 计算机科学 2016-06-08 Andrea Monacchi , Wilfried Elmenreich

As the proportion of total power supplied by renewable sources increases, it gets more costly to use reserve generation to compensate for the variability of renewables like solar and wind. Hence attention has been drawn to exploiting…

系统与控制 · 计算机科学 2014-08-26 Ashutosh Nayyar , Matias Negrete-Pincetic , Kameshwar Poolla , Pravin Varaiya

We investigate the problem of allocating energy from renewable sources to flexible consumers in electricity markets. We assume there is a renewable energy supplier that provides energy according to a time-varying (and possibly…

最优化与控制 · 数学 2010-06-25 Michael J. Neely , Arash Saber Tehrani , Alexandros G. Dimakis

This paper focuses on the problem of energy imbalance management in amicrogrid. The problem is investigated from the power market perspective. Unlike the traditional power grid, a microgrid can obtain extra energy froma renewable energy…

系统与控制 · 电气工程与系统科学 2026-01-16 Wei-Yu Chiu , Hongjian Sun , H. Vincent Poor

The presence of variable renewable energy resources with uncertain outputs in day-ahead electricity markets results in additional balancing needs in real-time. Addressing those needs cost-effectively and reliably within a competitive market…

系统与控制 · 电气工程与系统科学 2025-01-23 Elina Spyrou , Qiwei Zhang , Robin B. Hytowitz , Ben F. Hobbs , Siddharth Tyagi , Mengmeng Cai , Michael Blonsky

The energy transition is expected to significantly increase the share of renewable energy sources whose production is intermittent in the electricity mix. Apart from key benefits, this development has the major drawback of generating a…

交易与市场微观结构 · 定量金融 2023-01-30 Thibaut Théate , Antonio Sutera , Damien Ernst

Flexible loads, i.e. the loads whose power trajectory is not bound to a specific one, constitute a sizable portion of current and future electric demand. This flexibility can be used to improve the performance of the grid, should the right…

最优化与控制 · 数学 2014-07-08 Mahdi Kefayati , Ross Baldick

One of the major issues with the integration of renewable energy sources into the power grid is the increased uncertainty and variability that they bring. If this uncertainty is not sufficiently addressed, it will limit the further…

最优化与控制 · 数学 2017-05-15 Joshua Comden , Zhenhua Liu , Yue Zhao

Flexible energy resources can help balance the power grid by providing different types of ancillary services. However, the balancing potential of most types of resources is restricted by physical constraints such as the size of their energy…

系统与控制 · 计算机科学 2018-06-22 Fabian L. Müller , Stefan Woerner , John Lygeros

With the increasing popularity of Internet-based services and applications, power efficiency is becoming a major concern for data center operators, as high electricity consumption not only increases greenhouse gas emissions, but also…

分布式、并行与集群计算 · 计算机科学 2015-03-19 Dmytro Dyachuk , Michele Mazzucco

Due to the limited predictability of wind power and other stochastic generation, trading this energy in competitive electricity markets is challenging. This paper derives revenue-maximising and risk-constrained strategies for stochastic…

综合金融 · 定量金融 2018-05-31 Jethro Browell

With the fast growth of wind power penetration, power systems need additional flexibility to cope with wind power ramping. Several electricity markets have established requirements for flexible ramping capacity (FRC) reserves. This paper…

物理与社会 · 物理学 2017-12-05 Zhiwen Wang , Chen Shen , Feng Liu , Jianhui Wang , Xiangyu Wu

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…

最优化与控制 · 数学 2024-07-02 Bennevis Crowley , Jalal Kazempour , Lesia Mitridati

Future electricity distribution grids will host a considerable share of the renewable energy sources needed for enforcing the energy transition. Demand side management mechanisms play a key role in the integration of such renewable energy…

系统与控制 · 计算机科学 2019-04-16 José Horta , Eitan Altman , Mathieu Caujolle , Daniel Kofman , David Menga

Renewable sources are taking center stage in electricity generation. However, matching supply with demand in a renewable-rich system is a difficult task due to the intermittent nature of renewable resources (wind, solar, etc.). As a result,…

系统与控制 · 电气工程与系统科学 2020-09-02 Haris Mansoor , Naveed Arshad

Liberalized electricity markets often include resource adequacy mechanisms that require consumers to contract with generation resources well in advance of real-time operations. While administratively defined mechanisms have most commonly…

交易与市场微观结构 · 定量金融 2024-03-25 Han Shu , Jacob Mays

Demand response (DR) is a cost-effective and environmentally friendly approach for mitigating the uncertainties in renewable energy integration by taking advantage of the flexibility of customers' demands. However, existing DR programs…

最优化与控制 · 数学 2017-05-11 Joshua Comden , Zhenhua Liu , Yue Zhao

Recently, chance-constrained stochastic electricity market designs have been proposed to address the shortcomings of scenario-based stochastic market designs. In particular, the use of chance-constrained market-clearing avoids trading off…

最优化与控制 · 数学 2021-06-14 Alvaro Gonzalez-Castellanos , Anton Hinneck , Robert Mieth , David Pozo , Yury Dvorkin
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