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We consider the problem of characterizing the locational marginal value of energy storage capacity in electric power networks with stochastic renewable supply and demand. The perspective taken is that of a system operator, whose objective…

最优化与控制 · 数学 2016-12-07 Subhonmesh Bose , Eilyan Bitar

One of the major issues with the integration of renewable energy sources into the power grid is the increased uncertainty and variability that they bring. If this uncertainty is not sufficiently addressed, it will limit the further…

最优化与控制 · 数学 2017-05-15 Joshua Comden , Zhenhua Liu , Yue Zhao

Renewable resources are starting to constitute a growing portion of the total generation mix of the power system. A key difference between renewables and traditional generators is that many renewable resources are managed by individuals,…

最优化与控制 · 数学 2019-10-07 Pan Li , Shreyas Sekar , Baosen Zhang

Imbalance (on-line energy gap between contracted supply and actual demand, and associated cost) reduction is going to be a crucial service for a Power Producer and Supplier (PPS) in the deregulated energy market. PPS requires forward market…

系统与控制 · 计算机科学 2016-09-09 Shantanu Chakraborty , Toshiya Okabe

Storage is expected to be a critical source of firming in low-carbon grids. A common concern raised from ex-post assessments is that storage resources can fail to respond to strong price signals during times of scarcity. While commonly…

最优化与控制 · 数学 2023-02-20 Ogun Yurdakul , Farhad Billimoria

This paper applies computational techniques of convex stochastic optimization to optimal operation and valuation of electricity storages in the face of uncertain electricity prices. Our approach is applicable to various specifications of…

We propose an optimization framework for stochastic optimal power flow with uncertain loads and renewable generator capacity. Our model follows previous work in assuming that generator outputs respond to load imbalances according to an…

最优化与控制 · 数学 2019-10-11 Rohit Kannan , James R. Luedtke , Line A. Roald

In future smart grids, energy storage systems (ESSs) are expected to play a key role in reducing peak hour electricity generation cost and the associated level of carbon emissions. Considering their high acquisition, operation, and…

最优化与控制 · 数学 2015-01-08 I. Safak Bayram , Mohamed Abdallah , Ali Tajer , Khalid Qaraqe

We use an open, hourly-resolved, networked model of the European energy system to investigate the storage requirements under decreasing CO$_2$ emissions targets and several sector-coupling scenarios. For the power system, significant…

物理与社会 · 物理学 2019-11-22 Marta Victoria , Kun Zhu , Tom Brown , Gorm B. Andresen , Martin Greiner

This paper presents a framework for deriving the storage capacity that an electricity system requires in order to satisfy a chosen risk appetite. The framework takes as inputs user-defined event categories, parameterised by peak…

最优化与控制 · 数学 2020-12-02 Michael P. Evans , Simon H. Tindemans

The increasing penetration of renewable energy sources introduces significant challenges to power grid stability, primarily due to their inherent variability. A new opportunity for grid operation is the smart integration of electricity…

最优化与控制 · 数学 2025-10-30 Janik Pinter , Frederik Zahn , Maximilian Beichter , Ralf Mikut , Veit Hagenmeyer

Studies have evaluated the economic feasibility of 100% renewable power systems using the optimization approach, but the mechanisms determining the results remain poorly understood. Based on a simple but essential model, this study found…

综合经济学 · 经济学 2022-06-01 Takuya Hara

I characterize optimal government policy in a sticky-price economy with different types of consumers and endogenous financial constraints in the banking and entrepreneurial sectors. The competitive equilibrium allocation is constrained…

综合经济学 · 经济学 2025-01-29 Aliaksandr Zaretski

The transition to renewable energy systems causes increased decentralization of the energy supply. Solar parks are built to increase renewable energy penetration and to supply local communities that become increasingly self-sufficient.…

系统与控制 · 电气工程与系统科学 2022-09-12 Jan Eise Fokkema , Michiel A. J. uit het Broek , Albert H. Schrotenboer , Martin J. Land , Nicky D. Van Foreest

Heterogeneity is becoming increasingly ubiquitous in modern large-scale computer systems. Developing good load balancing policies for systems whose resources have varying speeds is crucial in achieving low response times. Indeed, how best…

性能 · 计算机科学 2020-06-26 Kristen Gardner , Jazeem Abdul Jaleel , Alexander Wickeham , Sherwin Doroudi

As the proportion of total power supplied by renewable sources increases, it gets more costly to use reserve generation to compensate for the variability of renewables like solar and wind. Hence attention has been drawn to exploiting…

系统与控制 · 计算机科学 2014-08-26 Ashutosh Nayyar , Matias Negrete-Pincetic , Kameshwar Poolla , Pravin Varaiya

The integration of renewable energy sources (RES) into power distribution grids poses challenges to system reliability due to the inherent uncertainty in their power production. To address this issue, battery energy sources (BESs) are being…

系统与控制 · 电气工程与系统科学 2024-11-12 Arnab Dey , Vivek Khatana , Ankur Mani , Murti V. Salapaka

This paper introduces the concept of affine reserve policies for accommodating large, fluctuating renewable infeeds in power systems. The approach uses robust optimization with recourse to determine operating rules for power system entities…

最优化与控制 · 数学 2013-07-15 Joseph Warrington , Paul Goulart , Sebastien Mariethoz , Manfred Morari

In this work, we propose distributed and networked energy management scenarios to optimize the production and reservation of energy among a set of distributed energy nodes. In other words, the idea is to optimally allocate the generated and…

系统与控制 · 电气工程与系统科学 2023-08-23 Mohammadreza Doostmohammadian

The resource quality and the temporal generation pattern of variable renewable energy sources vary significantly across Europe. In this paper spatial distributions of renewable assets are explored which exploit this heterogeneity to lower…

物理与社会 · 物理学 2017-06-05 Emil H. Eriksen , Leon J. Schwenk-Nebbe , Bo Tranberg , Tom Brown , Martin Greiner