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This paper employs a game-theoretic approach to analyze investment decisions in Ireland's electricity market. It compares optimal electricity investment strategies among energy generators under a perfect competition framework with an…

最优化与控制 · 数学 2025-05-27 Davoud Hosseinnezhad , Mel T. Devine , Seán McGarraghy

We consider the problem of co-optimized energy-reserve market clearing with state-of-charge (SoC) dependent bids from battery storage participants. While SoC-dependent bids capture storage's degradation and opportunity costs, such bids…

系统与控制 · 电气工程与系统科学 2024-08-27 Cong Chen , Siying Li , Lang Tong

Large scale renewable energy integration is being planned for multiple power grids around the world. To achieve secure and stable grid operations, additional resources/reserves are needed to mitigate the inherent intermittency of renewable…

系统与控制 · 电气工程与系统科学 2020-04-21 Md Umar Hashmi , Deepjyoti Deka , Lucas Pereira , Ana Busic

The increased market penetration of renewable energy sources and the rapid development of electric battery storage technologies yield a potential for reducing electricity price volatility while maintaining stability of the power grid. This…

最优化与控制 · 数学 2017-06-13 Juri Hinz , Jeremy Yee

We consider the residential energy storage management system with integrated renewable generation, with the availability of bidirectional energy flow from and to the grid thorough buying and selling. We propose a real-time bidirectional…

系统与控制 · 计算机科学 2018-05-15 Tianyi Li , Min Dong

Recent years have seen rapid increases in intermittent renewable generation, requiring novel battery energy storage systems (BESS) solutions. One recent trend is the emergence of large grid-connected batteries, that can be controlled to…

系统与控制 · 电气工程与系统科学 2025-07-08 Tudor Octavian Pocola , Valentin Robu , Jip Rietveld , Sonam Norbu , Benoit Couraud , Merlinda Andoni , David Flynn , H. Vincent Poor

Energy storage is a key enabler towards a low-emission electricity system, but requires appropriate dispatch models to be economically coordinated with other generation resources in bulk power systems. This paper analyzes how different…

最优化与控制 · 数学 2022-07-26 Ningkun Zheng , Bolun Xu

Energy storage systems (ESS) are pivotal component in the energy market, serving as both energy suppliers and consumers. ESS operators can reap benefits from energy arbitrage by optimizing operations of storage equipment. To further enhance…

机器学习 · 计算机科学 2023-10-24 Luolin Xiong , Yang Tang , Chensheng Liu , Shuai Mao , Ke Meng , Zhaoyang Dong , Feng Qian

This paper presents the results of a benefit-cost analysis involving the application of battery energy storage systems (BESS) for three of New York State's municipal electric departments (MEDs). New York's municipal electric utilities…

最优化与控制 · 数学 2021-07-30 T. Ortmeyer , T. Vu

The use of energy storage to balance electric grids is increasing and, with it, the importance of operational optimisation from the twin viewpoints of cost and system stability. In this paper we assess the real option value of balancing…

最优化与控制 · 数学 2016-10-19 John Moriarty , Jan Palczewski

Sharing economy is a transformative socio-economic phenomenon built around the idea of sharing underused resources and services, e.g. transportation and housing, thereby reducing costs and extracting value. Anticipating continued reduction…

系统与控制 · 计算机科学 2018-07-24 Pratyush Chakraborty , Enrique Baeyens , Kameshwar Poolla , Pramod P. Khargonekar , Pravin Varaiya

Substantial changes in the generation portfolio take place due to the fast growth of renewable energy generation, of which the major types such as wind and solar power have significant forecast uncertainty. Reducing the impacts of…

最优化与控制 · 数学 2016-01-13 Runze Chen , Audun Botterud , Hongbin Sun , Yang Wang

Battery Energy Storage Systems (BESS) are a cornerstone of the energy transition, as their ability to shift electricity across time enables both grid stability and the integration of renewable generation. This paper investigates the…

证券定价 · 定量金融 2025-10-30 Daniel Oeltz , Tobias Pfingsten

To decarbonize the economy, many governments have set targets for the use of renewable energy sources. These are often formulated as relative shares of electricity demand or supply. Implementing respective constraints in energy models is a…

综合经济学 · 经济学 2024-11-05 Martin Kittel , Wolf-Peter Schill

The ambitious targets for renewable energy penetration warrant huge flexibility in the power system. Such flexibility does not come free. In this paper, we examine the possibility of utilizing storage systems for achieving high renewable…

系统与控制 · 电气工程与系统科学 2019-12-10 Jiasheng Zhang , Nan Gu , Yang Yu , Chenye Wu

Virtual energy stations (VESs) work as retailers to provide electricity and natural gas sale services for integrated energy systems (IESs), and guide IESs energy consumption behaviors to tackle the varying market prices via integrated…

系统与控制 · 电气工程与系统科学 2026-04-08 Meng Song , Xinyi Jing , Jianyong Ding , Ciwei Gao , Mingyu Yan , Wensheng Luo , Mariusz Malinowski

Investments into renewable energy are increasing rapidly around the world. Energy system models are able to provide insights into optimal investment capacities and thus are widely used to aid the long-term investment decision-making under…

最优化与控制 · 数学 2022-01-06 Ni Wang , Remco A. Verzijlbergh , Petra W. Heijnen , Paulien M. Herder

The transition towards decarbonized energy systems requires the expansion of renewable and flexibility technologies in power sectors. In a model comparison, we examine the optimal expansion of such technologies with six capacity expansion…

Distributed energy resources (DER) as non-wires alternatives, regardless of owner, have the potential to reduce system operating costs and delay system upgrades. However, it is difficult to determine the appropriate economic signal to…

系统与控制 · 电气工程与系统科学 2023-03-14 Nicholas D. Laws , Michael E. Webber

Electricity storage systems (ESS) are hailed by many scholars and practitioners as a key element of the future electricity systems and a key step toward the transition to renewables . Nonetheless, the global speed of ESS implementation is…

系统与控制 · 电气工程与系统科学 2021-12-22 Ahamad Reza Mir Mohammadi Kooshknow , Rien Herber , Franco Ruzzenenti