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The United States' power market is featured by the lack of judicial power at the federal level. The market thus provides a unique testing environment for the market organization structure. At the same time, the econometric modeling and…

计量经济学 · 经济学 2018-06-13 Chelsea Sun

Distributed renewable resources owned by prosumers can be an effective way of fortifying grid resilience and enhancing sustainability. However, prosumers serve their own interests and their objectives are unlikely to align with that of…

系统与控制 · 电气工程与系统科学 2022-09-30 Yihsu Chen , Andrew L. Liu , Makoto Tanaka , Ryuta Takashima

Electricity market operators worldwide use mixed-integer linear programming to solve the allocation problem in wholesale electricity markets. Prices are typically determined based on the duals of relaxed versions of this optimization…

计算机科学与博弈论 · 计算机科学 2023-12-13 Mete Şeref Ahunbay , Martin Bichler , Teodora Dobos , Johannes Knörr

Renewable prosumers face the complex challenge of balancing self-sufficiency with seamless grid and market integration. This paper introduces a novel prosumers network framework aimed at mitigating peak loads in Iran, particularly under the…

最优化与控制 · 数学 2024-09-04 Amir Noori , Babak Tavassoli , Alireza Fereidunian

Motivated by electricity markets, this paper studies the impact of forward contracting in situations where firms have capacity constraints and heterogeneous production lead times. We consider a model with two types of firms - leaders and…

最优化与控制 · 数学 2016-06-29 Desmond Cai , Anish Agarwal , Adam Wierman

The concept of Energy Hub (EH) has been emerged to accommodate renewable energy sources in a multi-energy system to deploy the synergies between electricity and other energy sources. However, the market mechanisms for the integration of the…

最优化与控制 · 数学 2022-05-31 Lu Wang , Mokhtar Bozorg , Mohammad Rayati , Rachid Cherkaoui

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

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

In electricity markets, retailers or brokers want to maximize profits by allocating tariff profiles to end consumers. One of the objectives of such demand response management is to incentivize the consumers to adjust their consumption so…

机器学习 · 计算机科学 2022-02-14 Jyoti Narwariya , Chetan Verma , Pankaj Malhotra , Lovekesh Vig , Easwara Subramanian , Sanjay Bhat

The conventional electricity grid system has many critical issues, which could lead to power instability, blackout, and many other issues. One main perspective is to consume the relative amount of distributed renewable energy in the…

物理与社会 · 物理学 2020-02-17 Kaung Si Thu , Min Set Aung , Weerakorn Ongsakul , Nimal Madhu Manjiparambil

The fast growth of communication technology within the concept of smart grids can provide data and control signals from/to all consumers in an online fashion. This could foster more participation for end-user customers. These types of…

系统与控制 · 电气工程与系统科学 2020-09-11 Arman Alahyari , David Pozo

This work studies the decentralized and uncoordinated energy source selection problem for smart-grid consumers with heterogeneous energy profiles and risk attitudes: they compete for a limited amount of renewable energy in their local…

系统与控制 · 电气工程与系统科学 2022-03-16 Eleni Stai , Evangelia Kokolaki , Lesia Mitridati , Petros Tatoulis , Ioannis Stavrakakis , Gabriela Hug

The traditional Power Grid has been designed in a hierarchical fashion, with Energy pushed from the large scale production facilities towards the end users. But with the increasing availability of micro and medium scale generating…

计算工程、金融与科学 · 计算机科学 2015-03-17 Giuliano Andrea Pagani , Marco Aiello

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

Utilizing distributed renewable and energy storage resources via peer-to-peer (P2P) energy trading has long been touted as a solution to improve energy system's resilience and sustainability. Consumers and prosumers (those who have energy…

系统与控制 · 电气工程与系统科学 2023-01-02 Chen Feng , Andrew L. Lu , Yihsu Chen

Facing the dilemma of growing energy demand and mitigating carbon emissions, this paper proposes an energy sharing mechanism based on virtual federated prosumers (VFPs) with budget allocation for joint electricity and carbon market to…

最优化与控制 · 数学 2021-09-16 Lu Wang , Zhi Wu , Wei Gu , Haifeng Qiu , Shuai Lu

This paper presents a network-based multi-agent optimization model for the strategic planning of service facilities in a stochastic and competitive market. We focus on the type of service facilities that are of intermediate nature, i.e.,…

最优化与控制 · 数学 2023-04-04 Sina Baghali , Julio Deride , Yueyue Fan , Zhaomiao Guo

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

Appropriately designed renewable support policies can play a leading role in promoting renewable expansions and contribute to low emission goals. Meanwhile, ill-designed policies may distort electricity markets, put power utilities and…

系统与控制 · 电气工程与系统科学 2021-02-15 Jip Kim , Sylwia Bialek , Burcin Unel , Yury Dvorkin

Increasing integration of distributed energy resources (DERs) within distribution feeders provides unprecedented flexibility at the distribution-transmission interconnection. With the new FERC 2222 order, DER aggregations are allowed to…

系统与控制 · 电气工程与系统科学 2022-07-27 Bai Cui , Ahmed Zamzam , Andrey Bernstein