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Electricity markets currently fail to incorporate preferences of buyers, treating polluting and renewable energy sources as having equal social benefit under a system of uniform clearing prices. Meanwhile, renewable energy is prone to…

系统与控制 · 电气工程与系统科学 2024-09-30 Emilie Jong , Samuel Chevalier , Spyros Chatzivasileiadis , Shie Mannor

We introduce a new and highly tractable structural model for spot and derivative prices in electricity markets. Using a stochastic model of the bid stack, we translate the demand for power and the prices of generating fuels into electricity…

证券定价 · 定量金融 2015-05-27 Rene Carmona , Michael Coulon , Daniel Schwarz

This paper introduces a computationally efficient comparative approach to classical pricing rules for day-ahead electricity markets, namely Convex Hull Pricing, IP Pricing and European-like market rules, in a Power Exchange setting with…

最优化与控制 · 数学 2018-04-03 Mehdi Madani , Carlos Ruiz , Sauleh Siddiqui , Mathieu Van Vyve

In this paper, we consider the electricity cost minimization problem in a residential network where each community is equipped with a distributed power generation source and every household in the community has a set of essential and…

最优化与控制 · 数学 2012-12-11 Yi Liu , Naveed Ul Hassan , Shisheng Huang , Chau Yuen

Ongoing reductions in the cost of solar photovoltaic (PV) systems are driving their increased installations by residential households. Various incentive programs such as feed-in tariff, net metering, net purchase and sale that allow the…

系统与控制 · 计算机科学 2018-07-03 Pratyush Chakraborty , Enrique Baeyens , Pramod P. Khargonekar , Kameshwar Poolla , Pravin Varaiya

In order to reduce the energy cost of data centers, recent studies suggest distributing computation workload among multiple geographically dispersed data centers, by exploiting the electricity price difference. However, the impact of data…

系统与控制 · 计算机科学 2016-08-23 Hao Wang , Jianwei Huang , Xiaojun Lin , Hamed Mohsenian-Rad

A high share of distributed photovoltaic (PV) generation in low-voltage networks may lead to over-voltage, and line/transformer overloading. To mitigate these issues, we investigate how advanced electricity tariffs could ensure safe grid…

系统与控制 · 电气工程与系统科学 2021-09-16 Jordan Holweger , Lionel Bloch , Christophe Ballif , Nicolas Wyrsch

We examine the joint investment and operational decisions of a prosumer, a customer who both consumes and generates electricity, under net energy metering (NEM) tariffs. Traditional NEM schemes provide temporally flat compensation at the…

综合经济学 · 经济学 2026-02-23 Nathan Engelman Lado , Ahmed Alahmed , Audun Botterud , Saurabh Amin

This work focuses on the electric power market, comparing the status quo with the recent trend towards the increase in distributed self-generation capabilities by prosumers. Starting from the existing tension between the intrinsically…

物理与社会 · 物理学 2020-03-30 Luca Mazzola , Alexander Denzler , Ramon Christen

The evolution of smart microgrid and its demand-response characteristics not only will change the paradigms of the century-old electric grid but also will shape the electricity market. In this new market scenario, once always energy…

系统与控制 · 计算机科学 2017-04-24 Mosaddek Hossain Kamal Tushar , Chadi Assi

We consider the problem of optimal trading for a power producer in the context of intraday electricity markets. The aim is to minimize the imbalance cost induced by the random residual demand in electricity, i.e. the consumption from the…

交易与市场微观结构 · 定量金融 2018-11-27 René Aïd , Pierre Gruet , Huyên Pham

Climate and energy policy targets of the European Commission aim to make Europe the first climate-neutral continent by 2050. For low-carbon and net-neutral energy systems primarily based on variable renewable power generation, issues…

综合经济学 · 经济学 2025-06-06 Diana Böttger , Philipp Härtel

In electrical distribution grids, the constantly increasing number of power generation devices based on renewables demands a transition from a centralized to a distributed generation paradigm. In fact, power injection from Distributed…

系统与控制 · 计算机科学 2017-06-30 Riccardo Bonetto , Michele Rossi , Stefano Tomasin , Carlo Fischione

With the development of the smart grid concept and the increasing expansion of advanced communication and measurement equipment, consumers can actively participate in the power system operation. The intelligent use of these facilities…

系统与控制 · 电气工程与系统科学 2023-12-07 Mohammad Panahazari , Minoo Mohebbifar , Vahid Nazari Farsani , Mahmoud-Reza Haghifam

Due to the liberalization of markets, the change in the energy mix and the surrounding energy laws, electricity research is a dynamically altering field with steadily changing challenges. One challenge especially for investment decisions is…

统计金融 · 定量金融 2018-12-27 Rick Steinert , Florian Ziel

Electricity distribution networks that contain large photovoltaic solar systems can experience power flows between customers. These may create both technical and socio-economic challenges. This paper establishes how these challenges can be…

物理与社会 · 物理学 2021-09-07 B. C. P. Sturmberg , M. E. Shaw , C. P. Mediwaththe , H. Ransan-Cooper , B. Weise , M. Thomas , L. Blackhall

The impact of energy production significantly affects system sustainability, which has enabled a shift towards renewable energy sources. Thus, producer behavior is crucial in electricity markets to achieve sustainability goals. In this…

系统与控制 · 电气工程与系统科学 2024-07-03 Mohammad Reza Karimi Gharigh , Lamia Varawala , Mohammad Reza Hesamzadeh , György Dán

Energy system modellers typically choose a low spatial resolution for their models based on administrative boundaries such as countries, which eases data collection and reduces computation times. However, a low spatial resolution can lead…

物理与社会 · 物理学 2023-01-18 Martha Maria Frysztacki , Jonas Hörsch , Veit Hagenmeyer , Tom Brown

As the penetration of distributed energy resources in the residential sector increases, the scope for sharing arrangements expands. We model a peer-to-peer rental market for rooftop solar and energy storage in the residential sector, with…

计算工程、金融与科学 · 计算机科学 2018-09-18 Siddharth Patel , Ram Rajagopal

A distributed, hierarchical, market based approach is introduced to solve the economic dispatch problem. The approach requires only a minimal amount of information to be shared between a central market operator and the end-users. Price…

多智能体系统 · 计算机科学 2020-09-07 Cornelis Jan van Leeuwen , Joost Stam , Arun Subramanian , Koen Kok