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In the present work we tackle the problem of finding the optimal price tariff to be set by a risk-averse electric retailer participating in the pool and whose customers are price-sensitive. We assume that the retailer has access to a…

最优化与控制 · 数学 2022-02-24 Román Pérez-Santalla , Miguel Carrión , Carlos Ruiz

Utilities use demand response to shift or reduce electricity usage of flexible loads, to better match electricity demand to power generation. A common mechanism is peak pricing (PP), where consumers pay reduced (increased) prices for…

最优化与控制 · 数学 2017-10-02 John Audie Cabrera , Yonatan Mintz , Jhoanna Rhodette Pedrasa , Anil Aswani

In this paper, we consider the problem of dynamic programming when supremum terms appear in the objective function. Such terms can represent overhead costs associated with the underlying state variables. Specifically, this form of…

最优化与控制 · 数学 2017-08-15 Morgan Jones , Matthew M. Peet

We consider a network of residential heating systems in which several prosumers satisfy their heating and hot water demand using solar thermal collectors and services of a central producer. Overproduction of heat can either be stored in a…

最优化与控制 · 数学 2025-01-17 Maalvladédon Ganet Somé

Volatile electrical energy prices are a challenge and an opportunity for small and medium-size companies in energy-intensive industries. By using electrical energy storage and/or an adaptation of production processes, companies can…

最优化与控制 · 数学 2023-11-21 Michael Stiglmayr , Svenja Uhlemeyer , Björn Uhlemeyer , Markus Zdrallek

Minimizing the peak power consumption and matching demand to supply, under fixed threshold polices, are two key requirements for the success of the future electricity market. In this work, we consider dynamic pricing methods to minimize the…

We consider the problem of planning the aggregate energy consumption for a set of thermostatically controlled loads for demand response, accounting price forecast trajectory and thermal comfort constraints. We address this as a…

最优化与控制 · 数学 2019-05-09 Fernando A. C. C. Fontes , Abhishek Halder , Jorge Becerril , P. R. Kumar

Electricity prices and the end user net load vary with time. Electricity consumers equipped with energy storage devices can perform energy arbitrage, i.e., buy when energy is cheap or when there is a deficit of energy, and sell it when it…

系统与控制 · 电气工程与系统科学 2020-02-06 Md Umar Hashmi , Arpan Mukhopadhyay , Ana Bušić , Jocelyne Elias

In this paper, we propose and study the effectiveness of customer engagement plans that clearly specify the amount of intervention in customer's load settings by the grid operator for peak load reduction. We suggest two different types of…

系统与控制 · 计算机科学 2015-02-16 Naveed Ul Hassan , Yawar Ismail Khalid , Chau Yuen , Wayes Tushar

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

Users can arbitrage against Time-of-Use (ToU) pricing with storage by charging in off-peak period and discharge in peak periods. In this paper we design the optimal control policy and the solve optimal investment for general ToU scheme. We…

系统与控制 · 电气工程与系统科学 2019-11-12 Zhiqi Wang , Kui Wang , Yang Yu , Chenye Wu

This paper presents a dynamic pricing and energy management framework for electric vehicle (EV) charging service providers. To set the charging prices, the service providers faces three uncertainties: the volatility of wholesale electricity…

信号处理 · 电气工程与系统科学 2018-01-10 Chao Luo , Yih-Fang Huang , Vijay Gupta

Renewable energy brings huge uncertainties to the power system, which challenges the traditional power system operation with limited flexible resources. One promising solution is to introduce dynamic pricing to more consumers, which, if…

系统与控制 · 电气工程与系统科学 2019-11-19 Jiaman Wu , Zhiqi Wang , Yang Yu , Chenye Wu

Residential consumers can use the demand response program (DRP) if they can utilize the home energy management system (HEMS), which reduces consumer costs by automatically adjusting air conditioning (AC) setpoints and shifting some…

系统与控制 · 电气工程与系统科学 2023-05-16 Reza Nematirad , M. M. Ardehali , Amir Khorsandi

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

In this study, we investigate the operation of an optimal home energy management system (HEMS) with integrated renewable energy system (RES) and energy storage system (ESS) supporting electricity selling functions. A multi-objective mixed…

系统与控制 · 电气工程与系统科学 2021-01-19 Huy Truong Dinh , Daehee Kim

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…

最优化与控制 · 数学 2017-08-08 Siddharth Patel , Raffi Sevlian , Baosen Zhang , Ram Rajagopal

Smart grids leverage data from smart meters to improve operations management and to achieve cost reductions. The fine-grained meter data also enable pricing schemes that simultaneously benefit electricity retailers and users. Our goal is to…

密码学与安全 · 计算机科学 2021-08-11 Daniel Reijsbergen , Zheng Yang , Aung Maw , Tien Tuan Anh Dinh , Jianying Zhou

The dynamic pricing of electricity is one of the most crucial demand response (DR) strategies in smart grid, where the utility company typically adjust electricity prices to influence user electricity demand. This paper models the…

最优化与控制 · 数学 2024-07-16 Jiangjiang Cheng , Ge Chen , Zhouming Wu , Yifen Mu

Price-based demand response (DR) of heating, ventilating, and air-conditioning (HVAC) systems is a challenging task, requiring comprehensive models to represent the building thermal dynamics and game theoretic interactions among…

系统与控制 · 电气工程与系统科学 2020-12-15 Youngjin Kim
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