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Some consumers, particularly households, are unwilling to face volatile electricity prices, and they can perceive as unfair price differentiation in the same local area. For these reasons, nodal prices in distribution networks are rarely…

综合经济学 · 经济学 2021-06-09 Iacopo Savelli , Thomas Morstyn

The Microgrid paradigm is gaining momentum as one of the key pieces of technology for expanding clean energy access and improving energy resilience. Most of the interest in this pertains to distinct entities that either generate electricity…

网络与互联网体系结构 · 计算机科学 2023-11-29 Maitreyee Marathe , Giri Venkataramanan

Advancements in digitization have enabled two sided manufacturing-as-a-service (MaaS) marketplaces which has significantly reduced product development time for designers. These platforms provide designers with access to manufacturing…

人工智能 · 计算机科学 2025-06-17 Deepak Pahwa

Future energy systems rely mostly on supply-dependent resources like wind and solar energy. Since most of the produced energy from distributed renewable sources arises as electricity, electrification of energy consumers and producers,…

系统与控制 · 电气工程与系统科学 2023-02-13 Béla Wiegel , Lando Helmrich von Elgott , Davood Babazadeh , Christian Becker

In this work, we focus on resource allocation in a decentralised open market. In decentralised open markets consists of multiple vendors and multiple dynamically-arriving buyers, thus makes the market complex and dynamic. Because, in these…

计算机科学与博弈论 · 计算机科学 2021-09-02 Pankaj Mishra , Ahmed Moustafa , Takayuki Ito

In power markets, understanding the cost dynamics of electricity generation is crucial. The complexity of price formation in the power system arises from its diverse attributes, such as various generator types, each characterized by its…

理论经济学 · 经济学 2024-10-22 Shamim Homaei , Simon Roussanaly , Asgeir Tomasgard

A coordinated trading process is proposed as a design for an electricity market with significant uncertainty, perhaps from renewables. In this process, groups of agents propose to the system operator (SO) a contingent buy and sell trade…

最优化与控制 · 数学 2017-08-28 Junjie Qin , Ram Rajagopal , Pravin Varaiya

Wind power producers can benefit from forming coalitions to participate cooperatively in electricity markets. To support such collaboration, various profit allocation rules rooted in cooperative game theory have been proposed. However,…

系统与控制 · 电气工程与系统科学 2025-10-15 Honglin Wen , Pierre Pinson

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

This paper proposes a peer-to-peer energy trading scheme that can help the centralized power system to reduce the total electricity demand of its customers at the peak hour. To do so, a cooperative Stackelberg game is formulated, in which…

系统与控制 · 电气工程与系统科学 2019-08-27 Wayes Tushar , Tapan Kumar Saha , Chau Yuen , Thomas Morstyn , Nahid-Al-Masood , H. Vincent Poor , Richard Bean

Typically the cost of a product, a good or a service has many components. Those components come from different complex steps in the supply chain of the product from sourcing to distribution. This economic point of view also takes place in…

计算机科学与博弈论 · 计算机科学 2014-01-08 Andrey Garnaev , Yezekael Hayel , Eitan Altman

Motivated by the emergence of popular service-based two-sided markets where sellers can serve multiple buyers at the same time, we formulate and study the {\em two-sided cost sharing} problem. In two-sided cost sharing, sellers incur…

计算机科学与博弈论 · 计算机科学 2021-07-14 Sreenivas Gollapudi , Kostas Kollias , Ali Shameli

Distribution markets are among the prospect being considered for the future of power systems. They would facilitate integration of distributed energy resources (DERs) and microgrids via a market mechanism and enable them to monetize…

系统与控制 · 计算机科学 2016-08-09 Sina Parhizi , Amin Khodaei

The adoption of market-based principles in resource management systems for computational infrastructures such as grids and clusters allows for matching demand and supply for resources in a utility maximizing manner. As such, they offer a…

计算机科学与博弈论 · 计算机科学 2019-08-14 K. Abdelkader , J. Broeckhove , K. Vanmechelen

In this paper, we propose a model of decentralized energy storages, who serve as instruments to shift energy supply intertemporally. From storages' perspective, we investigate their optimal buying or selling decisions under market…

最优化与控制 · 数学 2017-02-27 Qiao-Chu He , Yun Yang , Baosen Zhang

The development of distributed energy resources, such as rooftop photovoltaic (PV) panels, batteries, and electric vehicles (EVs), has decentralized our power system operation, where transactive energy markets empower local energy…

系统与控制 · 电气工程与系统科学 2022-06-29 Yue Chen , Yu Yang , Xiaoyuan Xu

Decarbonizing electric grids is a crucial global endeavor in the pursuit of carbon neutrality. Taking carbon emissions from generation into account when pricing electricity usage is an essential way to achieve this goal. However, such…

最优化与控制 · 数学 2024-04-19 Yue Chen , Changhong Zhao

To accommodate the advent of microgrids (MG) managing distributed energy resources (DER) in distribution systems, an interactive two-stage joint retail electricity market mechanism is proposed to provide an effective platform for these…

系统与控制 · 电气工程与系统科学 2021-07-28 Chunyi Huang , Mingzhi Zhang , Chengmin Wang , Ning Xie , Jian Wang , Shi Peng

As consumer flexibility becomes expected, it is important that the market mechanisms which attain that flexibility are perceived as fair. We set out fairness issues in energy markets today, and propose a market design to address them.…

系统与控制 · 电气工程与系统科学 2025-07-17 Shaun Sweeney , Chris King , Mark O'Malley , Robert Shorten

We consider some crucial problems related to the secure and reliable operation of power systems with high renewable penetrations: how much reserve should we procure, how should reserve resources distribute among different locations, and how…

系统与控制 · 电气工程与系统科学 2021-07-19 Jiantao Shi , Ye Guo , Lang Tong , Wenchuan Wu , Hongbin Sun