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In this study, an optimization problem is proposed in order to obtain the maximum economic benefit from wind farms with variable and intermittent energy generation in the day ahead and balancing electricity markets. This method, which is…

计量经济学 · 经济学 2018-06-15 Akın Taşcikaraoğlu , Ozan Erdinç

Distributed, controllable energy storage devices offer several benefits to electric power system operation. Three such benefits include reducing peak load, providing standby power, and enhancing power quality. These benefits, however, are…

物理与社会 · 物理学 2014-09-10 Reza Arghandeh , Jeremy Woyak , Ahmet Onen , Jaesung Jung , Robert P. Broadwater

Reduced installation and operating costs give energy storage systems an opportunity to participate actively and profitably in electricity markets. In addition to providing ancillary services, energy storage systems can also arbitrage…

最优化与控制 · 数学 2017-02-17 Yishen Wang , Yury Dvorkin , Ricardo Fernández-Blanco , Bolun Xu , Daniel S. Kirschen

In the wake of the highly electrified future ahead of us, the role of energy storage is crucial wherever distributed generation is abundant, such as in microgrid settings. Given the variety of storage options that are becoming more and more…

机器学习 · 计算机科学 2021-03-26 S. Tsianikas , N. Yousefi , J. Zhou , M. Rodgers , D. W. Coit

This paper proposes a system-wide optimal resource dispatch strategy that enables a shift from a primarily energy cost-based approach, to a strategy using simultaneous price signals for energy, power and ramping behavior. A formal method to…

系统与控制 · 计算机科学 2017-11-15 David P. Chassin , Sahand Behboodi , Ned Djilali

In recent years, there has been a significant focus on advancing the next generation of power systems. Despite these efforts, persistent challenges revolve around addressing the operational impact of uncertainty on predicted data,…

最优化与控制 · 数学 2024-03-15 Hien Thanh Doan , Minsoo Kim , Keunju Song , Hongseok Kim

In this paper we formulate an optimization approach to schedule electrical loads given a short term prediction of time-varying power production and the ability to store only a limited amount of electrical energy. The proposed approach is…

最优化与控制 · 数学 2016-11-15 Raymond A. de Callafon , Abdulelah H. Habib , Jan Kleissl

This paper deals with the problem of clearing sequential electricity markets under uncertainty. We consider the European approach, where reserves are traded separately from energy to meet exogenous reserve requirements. Recently pro- posed…

最优化与控制 · 数学 2018-10-31 Vladimir Dvorkin , Stefanos Delikaraoglou , Juan M. Morales

This study focuses on order dispatch decisions within two-echelon supply chains, where order dispatch creates economic shipments to reduce delivery costs. Dispatching orders is often constrained by delivery windows, leading to penalty costs…

计算工程、金融与科学 · 计算机科学 2024-01-09 Khalid Y. Aram

Battery-based energy storage has emerged as an enabling technology for a variety of grid energy optimizations, such as peak shaving and cost arbitrage. A key component of battery-driven peak shaving optimizations is peak forecasting, which…

信号处理 · 电气工程与系统科学 2020-05-28 Akhil Soman , Amee Trivedi , David Irwin , Beka Kosanovic , Benjamin McDaniel , Prashant Shenoy

The problem of pricing utility-scale energy storage resources (ESRs) in the real-time electricity market is considered. Under a rolling-window dispatch model where the operator centrally dispatches generation and consumption under…

系统与控制 · 电气工程与系统科学 2021-01-26 Cong Chen , Lang Tong , Ye Guo

The centralized power generation infrastructure that defines the North American electric grid is slowly moving to the distributed architecture due to the explosion in use of renewable generation and distributed energy resources (DERs), such…

最优化与控制 · 数学 2022-04-27 Mayank Baranwal , Kunal Garg , Dimitra Panagou , Alfred O. Hero

Batteries play a critical role in microgrid energy management by ensuring power balance, enhancing renewable utilization, and reducing operational costs. However, battery degradation poses a significant challenge, particularly under extreme…

系统与控制 · 电气工程与系统科学 2026-03-13 Rui Xie , Jun Wang , Jiaxu Duan , Chao Ma , Yunhui Liu , Yue Chen

Electricity storage is used for intertemporal price arbitrage and for ancillary services that balance unforeseen supply and demand fluctuations via frequency regulation. We present an optimization model that computes bids for both arbitrage…

最优化与控制 · 数学 2026-05-12 Dirk Lauinger , Luc Coté , Andy Sun

Distributed storage infrastructures require the use of data redundancy to achieve high data reliability. Unfortunately, the use of redundancy introduces storage and communication overheads, which can either reduce the overall storage…

分布式、并行与集群计算 · 计算机科学 2015-03-19 Lluis Pamies-Juarez , Ernst Biersack

In mobile edge computing systems, base stations (BSs) equipped with edge servers can provide computing services to users to reduce their task execution time. However, there is always a conflict of interest between the BS and users. The BS…

机器学习 · 计算机科学 2024-07-08 Yiming Chen , Xingyuan Hu , Bo Gu , Shimin Gong , Zhou Su

This paper studies the duopoly competition between renewable energy suppliers with or without energy storage in a local energy market. The storage investment brings the benefits of stabilizing renewable energy suppliers' outputs, but it…

系统与控制 · 电气工程与系统科学 2019-10-15 Dongwei Zhao , Hao Wang , Jianwei Huang , Xiaojun Lin

Electricity price forecasting supports decision-making in energy markets and asset operation. Probabilistic forecasts are increasingly adopted to explicitly quantify uncertainty, typically issued as quantile predictions or ensembles of the…

统计金融 · 定量金融 2026-04-22 Simon Hirsch , Florian Ziel

Economic model predictive control has been proposed as a means for solving the unit loading and unit allocation problem in multi-chiller cooling plants. The adjective economic stems from the use of financial cost due to electricity…

系统与控制 · 电气工程与系统科学 2025-12-19 Manuel G. Satué , Manuel R. Arahal , Luis F. Acedo , Manuel G. Ortega

The use of energy storage to balance electric grids is increasing and, with it, the importance of operational optimisation from the twin viewpoints of cost and system stability. In this paper we assess the real option value of balancing…

最优化与控制 · 数学 2016-10-19 John Moriarty , Jan Palczewski