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Statistical mechanics provides a useful analog for understanding the behavior of complex adaptive systems, including power markets and the power systems they intend to govern. Transaction-based control is founded on the conjecture that the…

适应与自组织系统 · 物理学 2007-05-23 David P. Chassin

Data centers (DCs) are emerging as large, geographically distributed, controllable loads whose participation in electricity markets can significantly affect grid operation, especially when cloud platforms shift workloads across sites to…

系统与控制 · 电气工程与系统科学 2026-04-09 Shijie Pan , Zaint A. Alexakis , Charalambos Konstantinou

We present a novel agent-based approach to simulating an over-the-counter (OTC) financial market in which trades are intermediated solely by market makers and agent visibility is constrained to a network topology. Dynamics, such as changes…

计量经济学 · 经济学 2024-05-07 James T. Wilkinson , Jacob Kelter , John Chen , Uri Wilensky

Two-stage electricity market clearing is designed to maintain market efficiency under ideal conditions, e.g., perfect forecast and nonstrategic generation. This work demonstrates that the individual strategic behavior of inelastic load…

最优化与控制 · 数学 2019-09-17 Pengcheng You , Dennice F. Gayme , Enrique Mallada

This work is concerned with the application of game theoretic principles to model competition between demand response aggregators for selling excess energy stored in electrochemical storage devices directly to other aggregators in a power…

系统与控制 · 计算机科学 2016-12-05 Mahdi Motalleb , Reza Ghorbani

The introduction of aggregator structures has proven effective in bringing fairness to energy resource allocation by negotiating for more resources and economic surplus on behalf of users. This paper extends the fair energy resource…

计算机科学与博弈论 · 计算机科学 2024-10-16 Jiayi Li , Matt Motoki , Baosen Zhang

This paper proposes a novel continuous Local Flexibility Market where active power flexibility located in the distribution system can be traded. The market design engages the Market Operator, the Distribution System Operator and Market…

系统与控制 · 电气工程与系统科学 2022-07-13 Aikaterini A. Forouli , Georgios K. Papazoglou , Emmanouil A. Bakirtzis , Pandelis N. Biskas , Anastasios G. Bakirtzis

Electric storage units constitute a key element in the emerging smart grid system. In this paper, the interactions and energy trading decisions of a number of geographically distributed storage units are studied using a novel framework…

计算机科学与博弈论 · 计算机科学 2013-10-08 Yunpeng Wang , Walid Saad , Zhu Han , H. Vincent Poor , Tamer Başar

Collusion and capacity withholding in electricity wholesale markets are important mechanisms of market manipulation. This study applies a refined machine learning-based cartel detection algorithm to two cartel cases in the Italian…

计量经济学 · 经济学 2025-12-02 Jeremy Proz , Martin Huber

We develop a tractable equilibrium model for price formation in intraday electricity markets in the presence of intermittent renewable generation. Using stochastic control theory, we identify the optimal strategies of agents with market…

证券定价 · 定量金融 2021-07-01 Olivier Féron , Peter Tankov , Laura Tinsi

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

The problem of multi-area interchange scheduling under system uncertainty is considered. A new scheduling technique is proposed for a multi-proxy bus system based on stochastic optimization that captures uncertainty in renewable generation…

最优化与控制 · 数学 2016-11-16 Yuting Ji , Lang Tong

Trading algorithms that execute large orders are susceptible to exploitation by order anticipation strategies. This paper studies the influence of order anticipation strategies in a multi-investor model of optimal execution under transient…

交易与市场微观结构 · 定量金融 2019-03-12 Elias Strehle

We consider a two-stage market mechanism for trading electricity including renewable generation as an alternative to the widely used multi-settlement market structure. The two-stage market structure allows for recourse decisions by the…

计算机科学与博弈论 · 计算机科学 2021-06-16 Nathan Dahlin , Rahul Jain

We consider the problem of optimal bidding for virtual trading in two-settlement electricity markets. A virtual trader aims to arbitrage on the differences between day-ahead and real-time market prices; both prices, however, are random and…

计算机科学与博弈论 · 计算机科学 2018-08-02 Sevi Baltaoglu , Lang Tong , Qing Zhao

This paper considers a real-time electricity market involving an independent system operator (ISO) and a group of strategic generators. The ISO operates a market where generators bid prices at which there are willing to provide power. The…

最优化与控制 · 数学 2018-03-13 Tjerk Stegink , Ashish Cherukuri , Claudio De Persis , Arjan van der Schaft , Jorge Cortés

The flexibility in transmission networks is not fully utilized and reflected in existing energy management systems (EMSs). Corrective transmission switching (CTS) is proposed in this two-part paper to enable EMS to take advantage of the…

最优化与控制 · 数学 2019-06-18 Xingpeng Li , Kory W. Hedman

Microgrids (MG) are anticipated to be important players in the future smart grid. For proper operation of MGs an Energy Management System (EMS) is essential. The EMS of an MG could be rather complicated when renewable energy resources…

系统与控制 · 电气工程与系统科学 2021-03-09 Hao Zhou , Melike Erol-Kantarci

Traditionally, power system operations use a static network to deliver power and meet demand optimally. Network topology reconfiguration through transmission switching (TS) has gained significant interest recently to reduce the operational…

最优化与控制 · 数学 2020-01-06 Arun Venkatesh Ramesh , Xingpeng Li

In Multi-task learning (MTL), a joint model is trained to simultaneously make predictions for several tasks. Joint training reduces computation costs and improves data efficiency; however, since the gradients of these different tasks may…

机器学习 · 计算机科学 2022-07-11 Aviv Navon , Aviv Shamsian , Idan Achituve , Haggai Maron , Kenji Kawaguchi , Gal Chechik , Ethan Fetaya