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The increase of renewables in the grid and the volatility of the load create uncertainties in the day-ahead prices of electricity markets. Adaptive robust optimization (ARO) and stochastic optimization have been used to make commitment and…

最优化与控制 · 数学 2023-09-18 Dimitris Bertsimas , Angelos G. Koulouras

During the last years, European intraday power markets have gained importance for balancing forecast errors due to the rising volumes of intermittent renewable generation. However, compared to day-ahead markets, the drivers for the intraday…

统计金融 · 定量金融 2023-10-06 Simon Hirsch , Florian Ziel

Over the last few decades, electricity markets around the world have adopted multi-settlement structures, allowing for balancing of supply and demand as more accurate forecast information becomes available. Given increasing uncertainty due…

系统与控制 · 电气工程与系统科学 2020-03-16 Nathan Dahlin , Rahul Jain

This paper presents a Reinforcement Learning (RL) based energy market for a prosumer dominated microgrid. The proposed market model facilitates a real-time and demanddependent dynamic pricing environment, which reduces grid costs and…

系统与控制 · 电气工程与系统科学 2020-09-24 Arman Ghasemi , Amin Shojaeighadikolaei , Kailani Jones , Morteza Hashemi , Alexandru G. Bardas , Reza Ahmadi

Modern market management systems continue to evolve due to the intentions to improve system security and reliability. This evolvement has been leading to a transition of market auction models from a deterministic structure with…

系统与控制 · 电气工程与系统科学 2021-02-22 Mohammad Ghaljehei , Mojdeh Khorsand

Unscheduled power disturbances cause severe consequences both for customers and grid operators. To defend against such events, it is necessary to identify the causes of interruptions in the power distribution network. In this work, we focus…

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

Given that disturbances to the stable and normal operation of power systems have grown phenomenally, particularly in terms of unauthorized access to confidential and critical data, injection of malicious software, and exploitation of…

机器学习 · 计算机科学 2025-01-27 Mofe O. Jeje

In face of the pressing need of decarbonization in the power sector, the re-design of electricity market is necessary as a Marco-level approach to accommodate the high penetration of renewable generations, and to achieve power system…

人工智能 · 计算机科学 2023-05-15 Ziqing Zhu , Siqi Bu , Ka Wing Chan , Bin Zhou , Shiwei Xia

Increased penetration of wind energy will make electricity market prices more volatile. As a result, market participants will bear increased financial risks, which impact investment decisions and in turn, makes it harder to achieve…

最优化与控制 · 数学 2021-04-16 Khaled Alshehri , Subhonmesh Bose , Tamer Başar

With the electrification of transportation, the rising uptake of electric vehicles (EVs) might stress distribution networks significantly, leaving their performance degraded and stability jeopardized. To accommodate these new loads…

机器学习 · 计算机科学 2023-08-23 Bushra Alshehhi , Areg Karapetyan , Khaled Elbassioni , Sid Chi-Kin Chau , Majid Khonji

This paper develops learning-augmented algorithms for energy trading in volatile electricity markets. The basic problem is to sell (or buy) $k$ units of energy for the highest revenue (lowest cost) over uncertain time-varying prices, which…

机器学习 · 计算机科学 2024-02-29 Russell Lee , Bo Sun , Mohammad Hajiesmaili , John C. S. Lui

Traditionally, the electric distribution system operates with uniform energy prices across all system nodes. However, as the adoption of distributed energy resources (DERs) propels a shift from passive to active distribution network (ADN)…

系统与控制 · 电气工程与系统科学 2023-11-21 Xiaofei Wang , Fangxing Li , Linquan Bai , Xin Fang

Big data has been emerging as a new approach in utilizing large datasets to optimize complex system operations. Big data is fueled with Internet-of-Things (IoT) services that generate immense sensory data from numerous sensors and devices.…

计算机科学与博弈论 · 计算机科学 2016-08-16 Dusit Niyato , Mohammad Abu Alsheikh , Ping Wang , Dong In Kim , Zhu Han

Electricity price signals in modern power systems exhibit complex dependence structures that render forecasting inherently challenging. Our analysis of real-world pricing signals from the California Independent System Operator (CAISO)…

应用统计 · 统计学 2026-05-28 Keyi Wang , Jiaxiang Ji , Mahan Mansouri , Ahmed Aziz Ezzat

Undoubtedly, the increase of available data and competitive machine learning algorithms has boosted the popularity of data-driven modeling in energy systems. Applications are forecasts for renewable energy generation and energy consumption.…

机器学习 · 计算机科学 2021-10-27 Stefan Meisenbacher , Janik Pinter , Tim Martin , Veit Hagenmeyer , Ralf Mikut

Electricity forecasting has been a recurring research topic, as it is key to finding the right balance between production and consumption. While most papers are focused on the national or regional scale, few are interested in the household…

Classical time series models have serious difficulties in modeling and forecasting the enormous fluctuations of electricity spot prices. Markov regime switch models belong to the most often used models in the electricity literature. These…

应用统计 · 统计学 2013-12-02 Dominik Liebl

Management and efficient operations in critical infrastructure such as Smart Grids take huge advantage of accurate power load forecasting which, due to its nonlinear nature, remains a challenging task. Recently, deep learning has emerged in…

机器学习 · 计算机科学 2019-07-23 Alberto Gasparin , Slobodan Lukovic , Cesare Alippi

The growing penetration of renewable generation in distribution networks, primarily deployed by end-use electricity customers, is changing the traditional load profile and inevitably makes supply-load balancing more challenging for grid…

系统与控制 · 计算机科学 2017-08-01 Alireza Majzoobi , Mohsen Mahoor , Amin Khodaei