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In recent years extensive research has been conducted on the development of different models that enable energy trading between prosumers and consumers due to expected high integration of distributed energy resources. Some of the most…

In the restructured electricity industry, electricity pooling markets are an oligopoly with strategic producers possessing private information (private production cost function). We focus on pooling markets where aggregate demand is…

计算机科学与博弈论 · 计算机科学 2014-10-07 Mohammad Rasouli , Demosthenis Teneketzis

The deployment of distributed energy resources, combined with a more proactive demand side, is inducing a new paradigm in power system operation and electricity markets. Within a consumer-centric market framework, peer-to-peer approaches…

系统与控制 · 计算机科学 2018-03-07 T. Baroche , P. Pinson , R. Le Goff Latimier. , H. Ben Ahmed

The transition to renewable energy is driving the rise of distributed multi-energy systems, in which individual energy hubs and prosumers (e.g., homes, industrial campuses) generate, store, and trade energy. Economic Model Predictive…

系统与控制 · 电气工程与系统科学 2025-04-09 Varsha Behrunani , Cara Koepele , Jared Miller , Ahmed Aboudonia , Philipp Heer , Roy S. Smith , John Lygeros

An energy storage technology is valuable if it makes energy systems cheaper. Traditional ways to improve storage technologies are to reduce their costs; however, the cheapest energy storage is not always the most valuable in energy systems.…

系统与控制 · 电气工程与系统科学 2022-07-12 Maximilian Parzen , Fabian Neumann , Addrian H. Van Der Weijde , Daniel Friedrich , Aristides Kiprakis

The interplay between risk aversion and financial derivatives has received increasing attention since the advent of electricity market liberalization. One important challenge in this context is how to develop economically efficient and…

综合经济学 · 经济学 2022-06-06 Arega Getaneh Abate , Rossana Riccardi , Carlos Ruiz

This paper focuses on the problem of energy imbalance management in amicrogrid. The problem is investigated from the power market perspective. Unlike the traditional power grid, a microgrid can obtain extra energy froma renewable energy…

系统与控制 · 电气工程与系统科学 2026-01-16 Wei-Yu Chiu , Hongjian Sun , H. Vincent Poor

Tulipa Energy Model aims to optimise the investment and operation of the electricity market, considering its coupling with other sectors, such as hydrogen and heat, that can also be electrified. The problem is analysed from the perspective…

A two-stage multi-period mixed-integer linear stochastic programming model is proposed to assist qualified operators in long-term generation and transmission expansion planning of electricity and gas systems to meet policy objectives. The…

最优化与控制 · 数学 2025-05-22 Giovanni Micheli , Maria Teresa Vespucci , Alessia Cortazzi , Cinzia Puglisi

Market power behaviour often occurs in modern wholesale electricity markets. Mixed Complementarity Problems (MCPs) have been typically used for computational modelling of market power when it is characterised by an oligopoly with…

最优化与控制 · 数学 2020-01-13 Mel T. Devine , Sauleh Siddiqui

The manufacturing industry is under growing pressure to enhance sustainability while preserving economic competitiveness. As a result, manufacturers have been trying to determine how to integrate onsite renewable energy and real-time…

系统与控制 · 电气工程与系统科学 2025-07-22 Hongliang Li , Herschel C. Pangborn , Ilya Kovalenko

The emerging paradigm of interconnected microgrids advocates energy trading or sharing among multiple microgrids. It helps make full use of the temporal availability of energy and diversity in operational costs when meeting various energy…

系统与控制 · 电气工程与系统科学 2020-06-12 Dafeng Zhu , Bo Yang , Qi Liu , Kai Ma , Shanying Zhu , Xinping Guan

In this article, a multiple split method is proposed that enables construction of multidimensional probabilistic forecasts of a selected set of variables. The method uses repeated resampling to estimate uncertainty of simultaneous…

风险管理 · 定量金融 2024-07-11 Katarzyna Maciejowska , Weronika Nitka

An increase in energy production from renewable energy sources is viewed as a crucial achievement in most industrialized countries. The higher variability of power production via renewables leads to a rise in ancillary service costs over…

综合金融 · 定量金融 2017-09-25 Mario Mureddu , Hildegard Meyer-Ortmanns

This paper introduces a novel Bayesian reverse unrestricted mixed-frequency model applied to a panel of nine European electricity markets. Our model analyzes the impact of daily fossil fuel prices and hourly renewable energy generation on…

计量经济学 · 经济学 2025-07-01 Francesco Ravazzolo , Luca Rossini , Andrea Viselli

The ambitious energy target to achieve climate-neutrality in the European Union (EU) energy system raises the feasibility question of using only renewables across all energy sectors. As one of the EU's leading industrialized countries,…

物理与社会 · 物理学 2021-03-09 Md Nasimul Islam Maruf

In energy systems with high shares of weather-driven renewable power sources, gas-fired power plants can serve as a back-up technology to ensure security of supply and provide short-term flexibility. Therefore, a tighter coordination…

最优化与控制 · 数学 2018-05-17 Christos Ordoudis , Pierre Pinson , Juan M. Morales

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

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

In the restructured electricity industry, electricity pooling markets are an oligopoly with strategic producers possessing private information (private production cost function). We focus on pooling markets where aggregate demand is…

计算机科学与博弈论 · 计算机科学 2014-01-20 Mohammad Rasouli , Demosthenis Teneketzis