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Motivated by the need of assessing the optimal allocation of battery energy storage services across various markets and the corresponding impact on market operations, an optimization framework is proposed in this work to coordinate the…

系统与控制 · 电气工程与系统科学 2020-02-25 Reza Khalilisenobari , Meng Wu

Market power exercise in the electricity markets distorts market prices and diminishes social welfare. Many markets have implemented market power mitigation processes to eliminate the impact of such behavior. The design of mitigation…

最优化与控制 · 数学 2022-11-08 Yiqian Wu , Jip Kim , James Anderson

The main goal of a sequential two-stage electricity market -- e.g., day-ahead and real-time markets -- is to operate efficiently. However, the price difference across stages due to inadequate competition and unforeseen circumstances leads…

最优化与控制 · 数学 2023-09-19 Rajni Kant Bansal , Yue Chen , Pengcheng You , Enrique Mallada

In electricity markets with a dual-pricing scheme for balancing energy, controllable production units typically participate in the balancing market as "active" actors by offering regulating energy to the system, while renewable stochastic…

最优化与控制 · 数学 2018-12-20 Nicolò Mazzi , Alessio Trivella , Juan M. Morales

In this paper, we propose a control framework for a battery energy storage system to provide simultaneously multiple services to the electrical grid. The objective is to maximise the battery exploitation from these services in the presence…

信号处理 · 电气工程与系统科学 2018-10-15 Emil Namor , Fabrizio Sossan , Rachid Cherkaoui , Mario Paolone

When providing frequency regulation in a pay-for-performance market, batteries need to carefully balance the trade-off between following regulation signals and their degradation costs in real-time. Existing battery control strategies either…

最优化与控制 · 数学 2017-03-24 Bolun Xu , Yuanyuan Shi , Daniel S. Kirschen , Baosen Zhang

Lithium-ion battery packs are usually composed of hundreds of cells arranged in series and parallel connections. The proper functioning of these complex devices requires suitable Battery Management Systems (BMSs). Advanced BMSs rely on…

系统与控制 · 电气工程与系统科学 2019-09-30 Andrea Pozzi , Marcello Torchio , Richard D. Braatz , Davide M. Raimondo

Because of increasing amounts of intermittent and distributed generators in power systems, many demand response programs have been developed to schedule flexible energy consumption. However, proper benchmarks for comparing these methods are…

系统与控制 · 电气工程与系统科学 2021-03-19 Koos van der Linden , Natalia Romero , Mathijs M. de Weerdt

To coordinate resources among multi-level stakeholders and enhance the integration of electric vehicles (EVs) into multi-microgrids, this study proposes an optimal dispatch strategy within a multi-microgrid cooperative alliance using a…

系统与控制 · 电气工程与系统科学 2025-04-08 Yonghui Nie , Zhi Li , Jie Zhang , Lei Gao , Yang Li , Hengyu Zhou

In this paper, we propose a complete modelling framework to value several batteries in the electricity intraday market at the trading session scale. The model consists of a stochastic model for the 24 mid-prices (one price per delivery…

交易与市场微观结构 · 定量金融 2024-12-23 Enzo Cognéville , Thomas Deschatre , Xavier Warin

In this paper we consider the problem of pricing multiple differentiated products. This is challenging as a price change in one product, not only changes the demand of that particular product, but also the demand for the other products. To…

最优化与控制 · 数学 2017-10-27 Ruben van de Geer , Sandjai Bhulai

Automotive industry is moving toward fully electric and hybrid electric vehicles. Accordingly, energy storage unit is one of the most important blocks in these electric drives. Battery stacks which contain a number of cells are being used…

系统与控制 · 计算机科学 2017-06-21 Seyed Mahmoud Salamati , Seyed Ali Salamati , Mohsen Mahoor , Farzad Rajaei Salmasi

In the context of charging electric vehicles (EVs), the price-based demand response (PBDR) is becoming increasingly significant for charging load management. Such response usually encourages cost-sensitive customers to adjust their energy…

系统与控制 · 电气工程与系统科学 2024-04-17 Chengyang Gu , Yuxin Pan , Ruohong Liu , Yize Chen

Efficiently accommodating uncertain renewable resources in wholesale electricity markets is among the foremost priorities of market regulators in the US, UK and EU nations. However, existing deterministic market designs fail to internalize…

系统与控制 · 电气工程与系统科学 2019-12-19 Yury Dvorkin

Agrivoltaic systems--photovoltaic (PV) panels installed above agricultural land--have emerged as a promising dual-use solution to address competing land demands for food and energy production. In this paper, we propose a model predictive…

系统与控制 · 电气工程与系统科学 2026-03-26 Anna Stuhlmacher , Panupong Srisuthankul , Johanna L. Mathieu , Peter Seiler

We present new formulations of the stochastic electricity market clearing problem based on the principles of stochastic programming. Previous analyses have established that the canonical stochastic programming model effectively captures the…

系统与控制 · 电气工程与系统科学 2023-05-11 Sakitha Ariyarathne , Harsha Gangammanavar

Time-varying pricing tariffs incentivize consumers to shift their electricity demand and reduce costs, but may increase the energy burden for consumers with limited response capability. The utility must thus balance affordability and…

机器学习 · 计算机科学 2023-07-31 Liudong Chen , Bolun Xu

Demand-side management presents significant benefits in reducing the energy load in smart grids by balancing consumption demands or including energy generation and/or storage devices in the user's side. These techniques coordinate the…

最优化与控制 · 数学 2016-05-06 Javier Zazo , Santiago Zazo , Sergio Valcarcel Macua

A continuous rise in the penetration of renewable energy sources, along with the use of the single imbalance pricing, provides a new opportunity for balance responsible parties to reduce their cost through energy arbitrage in the imbalance…

系统与控制 · 电气工程与系统科学 2024-05-01 Seyed Soroush Karimi Madahi , Gargya Gokhale , Marie-Sophie Verwee , Bert Claessens , Chris Develder

Forecasting electricity prices is a challenging task and an active area of research since the 1990s and the deregulation of the traditionally monopolistic and government-controlled power sectors. Although it aims at predicting both spot and…

统计金融 · 定量金融 2025-07-23 Katarzyna Maciejowska , Bartosz Uniejewski , Rafał Weron