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Weather parametric insurance relies on weather indices rather than actual loss assessments, enhancing claims efficiency, reducing moral hazard, and improving fairness. In the context of increasing climate change risks, despite growing…

风险管理 · 定量金融 2024-09-26 Hang Gao , Shuohua Yang , Xinli Liu

Flexible load at the demand-side has been regarded as an effective measure to cope with volatile distributed renewable generations. To unlock the demand-side flexibility, this paper proposes a peer-to-peer energy sharing mechanism that…

最优化与控制 · 数学 2021-09-09 Yue Chen , Wei Wei , Mingxuan Li , Laijun Chen , João P. S. Catalão

We develop a probabilistic framework for joint simulation of short-term electricity generation from renewable assets. In this paper we describe a method for producing hourly day-ahead scenarios of generated power at grid-scale across…

统计金融 · 定量金融 2022-05-11 Mike Ludkovski , Glen Swindle , Eric Grannan

Extreme events, exacerbated by climate change, pose significant risks to the energy system and its consumers. However there are natural limits to the degree of protection that can be delivered from a centralised market architecture.…

综合经济学 · 经济学 2023-02-06 Farhad Billimoria , Filiberto Fele , Iacopo Savelli , Thomas Morstyn , Malcolm McCulloch

The development of distributed generation technology is endowing consumers the ability to produce energy and transforming them into "prosumers". This transformation shall improve energy efficiency and pave the way to a low-carbon future.…

分布式、并行与集群计算 · 计算机科学 2021-08-10 Yue Chen , Changhong Zhao

Despite its popularity, the nature of solar energy is highly uncertain and weather dependent, affecting the business viability and investment of solar energy generation, especially for household users. To stabilize the income from solar…

密码学与安全 · 计算机科学 2023-05-19 Mingyu Hao , Keyang Qian , Sid Chi-Kin Chau

Renewable power-to-ammonia (ReP2A), which uses hydrogen produced from renewable electricity as feedstock, is a promising pathway for decarbonizing the energy, transportation, and chemical sectors. However, variability in renewable…

最优化与控制 · 数学 2026-03-17 Huayan Geng , Yangjun Zeng , Yiwei Qiu

Deploying distributed renewable energy at the demand side is an important measure to implement a sustainable society. However, the massive small solar and wind generation units are beyond the control of a central operator. To encourage…

最优化与控制 · 数学 2021-02-23 Yue Chen , Wei Wei , Han Wang , Quan Zhou , João P. S. Catalão

Peer-to-peer(P2P) energy trading may increase efficiency and reduce costs, but introduces significant challenges for network operators such as maintaining grid reliability, accounting for network losses, and redistributing costs equitably.…

系统与控制 · 电气工程与系统科学 2025-04-01 Varsha N. Behrunani , Philipp Heer , Roy S. Smith , John Lygeros

The Intergovernmental Panel on Climate Change proposes different mitigation strategies to achieve the net emissions reductions that would be required to follow a pathway that limits global warming to 1.5{\deg}C with no or limited overshoot.…

系统与控制 · 电气工程与系统科学 2021-12-10 Jonathan Dumas

This paper addresses the energy management of a grid-connected renewable generation plant coupled with a battery energy storage device in the capacity firming market, designed to promote renewable power generation facilities in small…

Securing an adequate supply of dispatchable resources is critical for keeping a power system reliable under high penetrations of variable generation. Traditional resource adequacy mechanisms are poorly suited to exploiting the growing…

系统与控制 · 电气工程与系统科学 2022-10-27 Farhad Billimoria , Filiberto Fele , Iacopo Savelli , Thomas Morstyn , Malcolm McCulloch

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

Integrating Distributed Energy Resources (DERs) with peer-to-peer (P2P) energy trading offers promising solutions for grid modernization by incentivizing prosumers to participate in mitigating peak demand. However, this integration also…

最优化与控制 · 数学 2025-07-18 Amir Noori , Babak Tavassoli , Alireza Fereidunian

The adoption of distributed energy resources (DERs) such as solar panels and wind turbines is transforming the traditional energy grid into a more decentralized system, where microgrids are emerging as a key concept. Peer-to-Peer (P2P)…

系统与控制 · 电气工程与系统科学 2023-06-22 K. Victor Sam Moses Babu , Divyanshi Dwivedi , Pratyush Chakraborty , Pradeep Kumar Yemula , Mayukha Pal

The recent widespread adoption of rooftop solar backed by battery storage is enabling energy customers to both produce and consume electricity (i.e., prosumers of electricity). To facilitate prosumer participation in the electric grid, new…

系统与控制 · 电气工程与系统科学 2025-06-25 Zeinab Salehi , Yijun Chen , Ian R. Petersen , Guodong Shi , Duncan S. Callaway , Elizabeth L. Ratnam

Peer-to-peer (P2P) energy systems have recently emerged as a promising approach for integrating renewable and distributed energy resources into energy grids to reduce carbon emissions. However, market-clearing energy price and amounts,…

系统与控制 · 电气工程与系统科学 2021-11-03 Dinh Hoa Nguyen

Owing to the decreasing costs of distributed energy resources (DERs) as well as decarbonization policies, power systems are undergoing a modernization process. The large deployment of DERs together with internet of things (IoT) devices…

系统与控制 · 电气工程与系统科学 2022-04-27 Hamed Haggi , Wei Sun

Accurate and reliable forecasting of renewable energy generation is crucial for the efficient integration of renewable sources into the power grid. In particular, probabilistic forecasts are becoming essential for managing the intrinsic…

应用统计 · 统计学 2025-02-12 Alireza Moradi , Mathieu Tanneau , Reza Zandehshahvar , Pascal Van Hentenryck

Significant cost reductions attract ever more households to invest in small-scale renewable electricity generation and storage. Such distributed resources are not used in the most effective way when only used individually, as sharing them…

新兴技术 · 计算机科学 2024-01-25 Romaric Duvignau , Vincenzo Gulisano , Marina Papatriantafilou , Ralf Klasing
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