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Researchers and electricity sector practitioners frequently require the supply curve of electricity markets and the price elasticity of supply for purposes such as price forecasting, policy analyses or market power assessment. It is common…

计量经济学 · 经济学 2025-12-01 Jorge Sánchez Canales , Alice Lixuan Xu , Chiara Fusar Bassini , Lynn H. Kaack , Lion Hirth

A parameter method is introduced in order to estimate the relationship among the various variables of a system in equilibrium, where the potential energy functions are incompletely known or the quantum mechanical calculations very…

综合物理 · 物理学 2011-05-12 Walton R. Gutierrez

Many power system operation and planning problems use the DC power flow approximation to address computational challenges from the nonlinearity of the AC power flow equations. The DC power flow simplifies the AC power flow equations to a…

系统与控制 · 电气工程与系统科学 2024-03-13 Babak Taheri , Daniel K. Molzahn

We present new formulations of the stochastic electricity market clearing problem based on the principles of stochastic programming. Previous analyses have established that the canonical stochastic programming model effectively captures the…

系统与控制 · 电气工程与系统科学 2023-05-11 Sakitha Ariyarathne , Harsha Gangammanavar

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

The daily operation of real-world power systems and their underlying markets relies on the timely solution of the unit commitment problem. However, given its computational complexity, several optimization-based methods have been proposed to…

最优化与控制 · 数学 2023-03-24 Mohamed Awadalla , François Bouffard

In this paper, we consider a financial market with assets exposed to some risks inducing jumps in the asset prices, and which can still be traded after default times. We use a default-intensity modeling approach, and address in this…

投资组合管理 · 定量金融 2015-10-21 Thomas Lim , Marie-Claire Quenez

Time-and-Level-of-Use (TLOU) is a recently proposed pricing policy for energy, extending Time-of-Use with the addition of a capacity that users can book for a given time frame, reducing their expected energy cost if they respect this…

最优化与控制 · 数学 2019-12-10 Mathieu Besançon , Miguel F. Anjos , Luce Brotcorne , Juan A. Gomez-Herrera

This paper develops a risk-aware net demand forecasting product for virtual power plants, which helps reduce the risk of high operation costs. At the training phase, a bilevel program for parameter estimation is formulated, where the upper…

系统与控制 · 电气工程与系统科学 2024-06-18 Yufan Zhang , Jiajun Han , Yuanyuan Shi

The growing integration of renewable energy sources necessitates adequate reserve capacity to maintain power balance. However, in market clearing, power companies with flexible resources may submit strategic bids to maximize profits,…

系统与控制 · 电气工程与系统科学 2025-06-26 Yun Xu , Yunxiao Bai , Yunyong Zhang , Peng Wang , Xuelin Wang , Jiqun Guo , Kaijun Xie , Rusheng Zhao

An accurate energy efficiency analytical model based on a two-mode circuitry was recently proposed; and the model showed that the use of this circuitry can significantly improve a system's energy efficiency. In this paper, we use this…

信号处理 · 电气工程与系统科学 2018-02-28 Jinkun Xu , Yu Chen , Hao Chen , Qimei Cui , Xiaofeng Tao

The building sector accounts for almost 40 percent of the global energy consumption. This reveals a great opportunity to exploit renewable energy resources in buildings to achieve the climate target. In this context, this paper offers a…

系统与控制 · 电气工程与系统科学 2022-01-25 Hossein Kalantar-Neyestanaki , Madjid Soltani

Motivated by various benefits of multi-energy integration, this paper establishes a bi-level framework based on transactive control to realize energy optimization among multiple interconnected energy hubs (EHs). A storage-energy-equivalent…

最优化与控制 · 数学 2019-02-05 Yizhi Cheng , Peichao Zhang

Commercial fusion energy requires frameworks to assess both the scientific and economic viability of a wide variety of fusion concepts. Inspired by the Lawson criterion's ability to universally describe fusion energy gain, a generalized…

等离子体物理 · 物理学 2026-04-10 D. G. Whyte , A. Lo , R. Bielajew , M. Hancock , R. Moeykens , G. Shaw

The operation and maintenance costs of wind parks make up a major fraction of a park's overall lifetime costs. They also include opportunity costs of lost revenue from avoidable power generation underperformance. We present a…

系统与控制 · 电气工程与系统科学 2020-05-04 Angela Meyer , Bernhard Brodbeck

Unit commitment problem on an electricity network consists in choosing the production plan of the plants (units) of a company in order to meet demand constraints. It is generally solved using a decomposition approach where demand…

最优化与控制 · 数学 2018-09-05 Markus Kruber , Axel Parmentier , Pascal Benchimol

In this paper we provide a unifying energy-based approach to the modeling, analysis and control of power systems and markets, which is based on the port-Hamiltonian framework. Using a primal-dual gradient method applied to the social…

最优化与控制 · 数学 2016-08-04 Tjerk Stegink , Claudio De Persis , Arjan van der Schaft

The smart grid vision entails advanced information technology and data analytics to enhance the efficiency, sustainability, and economics of the power grid infrastructure. Aligned to this end, modern statistical learning tools are leveraged…

机器学习 · 统计学 2015-06-17 Vassilis Kekatos , Yu Zhang , Georgios B. Giannakis

Control systems involving unknown parameters appear a natural framework for applications in which the model design has to take into account various uncertainties. In these circumstances the performance criterion can be given in terms of an…

最优化与控制 · 数学 2019-01-15 Piernicola Bettiol , Nathalie Khalil

We propose a generalized model of a heat engine and calculate the minimum and maximum bounds on the efficiency at maximum power. We obtain a universal form of generalized extreme bounds on the efficiency at maximum power. Our model unifies…

统计力学 · 物理学 2020-01-29 M Ponmurugan