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The design of energy markets is a subject of ongoing debate, particularly concerning the choice between the widely adopted Pay-as-Clear (PC) pricing mechanism and the alternative Pay-as-Bid (PB). These mechanisms determine how energy…

计算机科学与博弈论 · 计算机科学 2025-07-09 Ioannis Caragiannis , Zhile Jiang , Stratis Skoulakis

The intermittent nature of the renewable energies increases the operation costs of conventional generators. As the share of energy supplied by renewable sources increases, these costs also increase. In this paper, we quantify these costs by…

系统与控制 · 计算机科学 2018-02-26 Ashkan Zeinalzadeh , Donya Ghavidel , Vijay Gupta

Power producers use a wide range of decision support systems to manage and plan for sales in the day-ahead electricity market, and they are often faced with the challenge of choosing the most advantageous bidding strategy for any given day.…

最优化与控制 · 数学 2020-02-11 Hans Ole Riddervold , Signe Riemer-Sørensen , Peter Szederjesi , Magnus Korpås

Machine learning models play a key role for service providers looking to gain market share in consumer markets. However, traditional learning approaches do not take into account the existence of additional providers, who compete with each…

机器学习 · 计算机科学 2025-08-15 Ohad Einav , Nir Rosenfeld

The implementation of electricity markets based on locational marginal pricing in a multi-settlement process has allowed wholesale competition, with pricing mechanisms that incentivize the optimal allocation of generation, transmission, and…

系统与控制 · 电气工程与系统科学 2020-12-29 Veronica R. Bosquezfoti , Andrew L. Liu

We study a class of iterative combinatorial auctions which can be viewed as subgradient descent methods for the problem of pricing bundles to balance supply and demand. We provide concrete convergence rates for auctions in this class,…

计算机科学与博弈论 · 计算机科学 2016-06-01 Jacob Abernethy , Sébastien Lahaie , Matus Telgarsky

This paper presents an integrated model for bidding energy storage in day-ahead and real-time markets to maximize profits. We show that in integrated two-stage bidding, the real-time bids are independent of day-ahead settlements, while the…

最优化与控制 · 数学 2024-04-30 Saud Alghumayjan , Jiajun Han , Ningkun Zheng , Ming Yi , Bolun Xu

The large integration of variable energy resources is expected to shift a large part of the energy exchanges closer to real-time, where more accurate forecasts are available. In this context, the short-term electricity markets and in…

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

In this paper, we model the various wireless users in a cognitive radio network as a collection of selfish, autonomous agents that strategically interact in order to acquire the dynamically available spectrum opportunities. Our main focus…

机器学习 · 计算机科学 2007-09-18 Fangwen Fu , Mihaela van der Schaar

The participants of the electricity market concern very much the market price evolution. Various technologies have been developed for price forecast. SVM (Support Vector Machine) has shown its good performance in market price forecast. Two…

综合金融 · 定量金融 2009-11-13 C. Gao , E. Bompard , R. Napoli , Q. Wan

The system operator's scheduling problem in electricity markets, called unit commitment, is a non-convex mixed-integer program. The optimal value function is non-convex, preventing the application of traditional marginal pricing theory to…

综合经济学 · 经济学 2024-10-03 Conleigh Byers , Brent Eldridge

An optimal scheduling model for a microgrid participating in the electricity distribution market in interaction with a Distribution Market Operator (DMO) is proposed in this paper. The DMO administers the established electricity market in…

系统与控制 · 计算机科学 2016-11-15 Sina Parhizi , Amin Khodaei , Mohammad Shahidehpour

As the number of prosumers with distributed energy resources (DERs) grows, the conventional centralized operation scheme may suffer from conflicting interests, privacy concerns, and incentive inadequacy. In this paper, we propose an energy…

计算机科学与博弈论 · 计算机科学 2022-06-29 Yue Chen , Changhong Zhao , Steven H. Low , Adam Wierman

The growing share of proactive actors in the electricity markets calls for more attention on prosumers and more support for their decision-making under decentralized electricity markets. In view of the changing paradigm, it is crucial to…

最优化与控制 · 数学 2021-05-24 Ni Wang , Remco Verzijlbergh , Petra Heijnen , Paulien Herder

Power grids are moving towards 100% renewable energy source bulk power grids, and the overall dynamics of power system operations and electricity markets are changing. The electricity markets are not only dispatching resources economically…

机器学习 · 计算机科学 2023-09-13 Milan Jain , Xueqing Sun , Sohom Datta , Abhishek Somani

In day-ahead electricity markets based on uniform marginal pricing, small variations in the offering and bidding curves may substantially modify the resulting market outcomes. In this work, we deal with the problem of finding the optimal…

应用统计 · 统计学 2024-07-01 António Alcántara , Carlos Ruiz

This paper proposes online algorithms for dynamic matching markets in power distribution systems, which at any real-time operation instance decides about matching -- or delaying the supply of -- flexible loads with available renewable…

系统与控制 · 电气工程与系统科学 2020-07-17 Deepan Muthirayan , Masood Parvania , Pramod P. Khargonekar

The increasing trend of transportation electrification presents investors the opportunity to provide charging services to Electric Vehicle (EV) owners via the energy purchased from the wholesale electricity market. This will benefit EV…

系统与控制 · 电气工程与系统科学 2021-11-24 Reza Bayani , Arash Farokhi Soofi , Saeed D. Manshadi

Lithium Iron Phosphate (LFP) Battery Energy Storage Systems (BESSs) are a key enabler of the energy transition. However, they are known to exhibit significant inaccuracies in the estimation of their State of Charge (SOC). Such estimation…

系统与控制 · 电气工程与系统科学 2026-04-15 Jan Brändle , Gabriela Hug