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The rapid expansion of distributed energy resources (DERs) is one of the most significant changes to electricity systems around the world. Examples of DERs include solar panels, small natural gas-fueled generators, combined heat and power…

最优化与控制 · 数学 2021-03-29 Zuguang Gao , Khaled Alshehri , John R. Birge

In electrical distribution grids, the constantly increasing number of power generation devices based on renewables demands a transition from a centralized to a distributed generation paradigm. In fact, power injection from Distributed…

系统与控制 · 计算机科学 2017-06-30 Riccardo Bonetto , Michele Rossi , Stefano Tomasin , Carlo Fischione

Distributed energy resources (DERs) such as solar panels have small supply capacities and cannot be directly integrated into wholesale markets. So, the presence of an intermediary is critical. The intermediary could be a profit-seeking…

最优化与控制 · 数学 2022-09-16 Zuguang Gao , Khaled Alshehri , John R. Birge

We focus on the aggregation of distributed energy resources (DERs) through a profit-maximizing intermediary that enables participation of DERs in wholesale electricity markets. Particularly, we study the market efficiency brought in by the…

最优化与控制 · 数学 2020-04-21 Khaled Alshehri , Mariola Ndrio , Subhonmesh Bose , Tamer Başar

Electricity market operators worldwide use mixed-integer linear programming to solve the allocation problem in wholesale electricity markets. Prices are typically determined based on the duals of relaxed versions of this optimization…

计算机科学与博弈论 · 计算机科学 2023-12-13 Mete Şeref Ahunbay , Martin Bichler , Teodora Dobos , Johannes Knörr

In this paper, we propose a distributed control strategy for the design of an energy market. The method relies on a hierarchical structure of aggregators for the coordination of prosumers (agents which can produce and consume energy). The…

系统与控制 · 计算机科学 2018-06-28 Lorenzo Nespoli , Vasco Medici

In order to deal with market power that sporadically results from contingencies (e.g., severe weather, plant outages) most electricity markets have institutions in charge of monitoring market performance and mitigating market power. The…

最优化与控制 · 数学 2017-03-07 Shi Pu , Alfredo Garcia

Achieving a successful energetic transition through a smarter and greener electricity grid is a major goal for the 21st century. It is assumed that such smart grids will be characterized by bidirectional electricity flows coupled with the…

多智能体系统 · 计算机科学 2017-05-18 Nicolas Gensollen , Vincent Gauthier , Monique Becker , Michel Marot

An important function of aggregators is to enable the participation of small energy storage units in electricity markets. This paper studies two generally overlooked aspects related to aggregators of energy storage: i) the relationship…

系统与控制 · 计算机科学 2017-08-04 Jesus E. Contreras-Ocana , Miguel A. Ortega-Vazquez , Baosen Zhang

We investigate group formations and strategic behaviors of renewable power producers in electricity markets. These producers currently bid into the day-ahead market in a conservative fashion because of the real-time risk associated with not…

最优化与控制 · 数学 2016-11-17 Baosen Zhang , Ramesh Johari , Ram Rajagopal

In two-stage electricity markets, renewable power producers enter the day-ahead market with a forecast of future power generation and then reconcile any forecast deviation in the real-time market at a penalty. The choice of the forecast…

系统与控制 · 电气工程与系统科学 2025-01-15 Vladimir Dvorkin

This paper presents a market-based optimization framework wherein Aggregators can compete for nodal capacity across a distribution feeder and guarantee that allocated flexible capacity cannot cause overloads or congestion. This mechanism,…

最优化与控制 · 数学 2022-07-12 Nawaf Nazir , Mads Almassalkhi

In wholesale electricity markets, prices fluctuate widely from hour to hour and electricity generators price-hedge their output using longer-term contracts, such as monthly base futures. Consequently, the incentives they face to drive up…

综合经济学 · 经济学 2025-06-05 Alice Lixuan Xu , Jorge Sánchez Canales , Chiara Fusar Bassini , Lynn H. Kaack , Lion Hirth

We examine market outcomes in energy transport networks with a focus on gas-fired generators, which are producers in a wholesale electricity market and consumers in the natural gas market. Market administrators monitor bids to determine…

系统与控制 · 电气工程与系统科学 2026-04-21 Noah Rhodes , Sachin Shivakumar , Luke S. Baker , Kaarthik Sundar , Anatoly Zlotnik

The problem of the large-scale aggregation of the behind-the-meter demand and generation resources by a distributed-energy-resource aggregator (DERA) is considered. As a profit-seeking wholesale market participant, a DERA maximizes its…

系统与控制 · 电气工程与系统科学 2022-07-04 Cong Chen , Ahmed S. Alahmed , Timothy D. Mount , Lang Tong

The electricity industry has been one of the first to face technological changes motivated by sustainability concerns. Whilst efficiency aspects of market design have tended to focus upon market power concerns, the new policy challenges…

理论经济学 · 经济学 2023-04-06 Lamia Varawala , Mohammad Reza Hesamzadeh , György Dán , Derek Bunn , Juan Rosellón

The capacity market, a marketplace to exchange available generation capacity for electricity production, provides a major revenue stream for generators and is adopted in several U.S. regions. A subject of ongoing debate, the capacity market…

最优化与控制 · 数学 2023-11-14 Cheng Guo , Christian Kroer , Yury Dvorkin , Daniel Bienstock

Market power exercise in the electricity markets distorts market prices and diminishes social welfare. Many markets have implemented market power mitigation processes to eliminate the impact of such behavior. The design of mitigation…

最优化与控制 · 数学 2022-11-08 Yiqian Wu , Jip Kim , James Anderson

With the rapid development of distributed energy resources, increasing number of residential and commercial users have been switched from pure electricity consumers to prosumers that can both consume and produce energy. To properly manage…

分布式、并行与集群计算 · 计算机科学 2023-09-15 Bing Liu , Furan Xie , Li Chai

This paper proposes a Real-Time Market (RTM) platform for an aggregator and its corresponding prosumers to participate in the electricity wholesale market. The proposed energy market platform is modeled as a bilevel optimization problem…

最优化与控制 · 数学 2022-09-13 Koorosh Shomalzadeh , Jacquelien M. A. Scherpen , M. Kanat Camlibel
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