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The growing share of proactive actors in the electricity markets calls for more attention on prosumers and more support for their decision-making under decentralized electricity markets. In view of the changing paradigm, it is crucial to…

最优化与控制 · 数学 2021-05-24 Ni Wang , Remco Verzijlbergh , Petra Heijnen , Paulien Herder

Cooperative cloud providers in the form of cloud federations can potentially reduce their energy costs by exploiting electricity price fluctuations across different locations. In this environment, on the one hand, the electricity price has…

网络与互联网体系结构 · 计算机科学 2020-05-05 Monireh Mohebbi Moghaddam , Mohammad Hossein Manshaei , Mehdi Naderi Soorki , Walid Saad , Maziar Goudarzi , Dusit Niyato

We study fair allocation of constrained resources, where a market designer optimizes overall welfare while maintaining group fairness. In many large-scale settings, utilities are not known in advance, but are instead observed after…

计算机科学与博弈论 · 计算机科学 2024-11-06 Elita Lobo , Justin Payan , Cyrus Cousins , Yair Zick

This paper investigates the problem of proportionally fair double sided energy auction involving buying and selling agents. The grid is assumed to be operating under islanded mode. A distributed auction algorithm that can be implemented by…

计算机科学与博弈论 · 计算机科学 2016-05-24 M. Nazif Faqiry , Sanjoy Das

In environments with increasing uncertainty, such as smart grid applications based on renewable energy, planning can benefit from incorporating forecasts about the uncertainty and from systematically evaluating the utility of the forecast…

最优化与控制 · 数学 2015-03-16 Konstantinos Gatsis , Ufuk Topcu , George J. Pappas

Recent trends express the impact of prosumers and small energy resources and storages in distribution systems, due to the increasing uptake of renewable resources. This research studies the effect of coordination of distributed resources…

最优化与控制 · 数学 2021-05-24 Amir Noori , Babak Tavassoli , Alireza Fereidunian

This paper proposes a novel approach for optimal energy and reserve scheduling of wind farms by explicitly modelling wake interactions to enhance market participation and operational efficiency. Conventional methods often neglect wake…

流体动力学 · 物理学 2026-04-14 Marin Mabboux-Fort , Majid Bastankhah , Peter C Matthews , Mokhtar Bozorg

Inspired from recent insights into the common ground of machine learning, optimization and decision-making, this paper proposes an easy-to-implement, but effective procedure to enhance both the quality of renewable energy forecasts and the…

最优化与控制 · 数学 2020-01-17 Miguel Á. Muñoz , Juan M. Morales , Salvador Pineda

This paper presents an end-to-end framework for calibrating wind power forecast models to minimize operational costs in two-stage power markets, where the first stage involves a distributionally robust optimal power flow (DR-OPF) model.…

系统与控制 · 电气工程与系统科学 2024-12-17 Zhirui Liang , Qi Li , Anqi Liu , Yury Dvorkin

This paper proposes a peer-to-peer energy trading scheme that can help the centralized power system to reduce the total electricity demand of its customers at the peak hour. To do so, a cooperative Stackelberg game is formulated, in which…

系统与控制 · 电气工程与系统科学 2019-08-27 Wayes Tushar , Tapan Kumar Saha , Chau Yuen , Thomas Morstyn , Nahid-Al-Masood , H. Vincent Poor , Richard Bean

Motivated by the problem of market power in electricity markets, we introduced in previous works a mechanism for simplified markets of two agents with linear cost. In standard procurement auctions, the market power resulting from the…

理论经济学 · 经济学 2019-07-25 Benjamin Heymann , Alejandro Jofré

Various peer-to-peer energy markets have emerged in recent years in an attempt to manage distributed energy resources in a more efficient way. One of the main challenges these models face is how to create and allocate incentives to…

计算机科学与博弈论 · 计算机科学 2019-03-27 Liyang Han , Thomas Morstyn , Malcolm McCulloch

The integration of renewable generation poses operational and economic challenges for the electricity grid. For the core problem of power balance, the legacy paradigm of tailoring supply to follow random demand may be inappropriate under…

系统与控制 · 计算机科学 2014-09-25 Ashutosh Nayyar , Matias Negrete-Pincetic , Kameshwar Poolla , Pravin Varaiya

Energy forecasting has attracted enormous attention over the last few decades, with novel proposals related to the use of heterogeneous data sources, probabilistic forecasting, online learn-ing, etc. A key aspect that emerged is that…

应用统计 · 统计学 2022-04-05 Pierre Pinson , Liyang Han , Jalal Kazempour

According to the fundamental theorems of welfare economics, any competitive equilibrium is Pareto efficient. Unfortunately, competitive equilibrium prices only exist under strong assumptions such as perfectly divisible goods and convex…

计算机科学与博弈论 · 计算机科学 2023-05-24 Mete Şeref Ahunbay , Martin Bichler , Johannes Knörr

As the number of prosumers with distributed energy resources (DERs) grows, the conventional centralized operation scheme may suffer from conflicting interests, privacy concerns, and incentive inadequacy. In this paper, we propose an energy…

计算机科学与博弈论 · 计算机科学 2022-06-29 Yue Chen , Changhong Zhao , Steven H. Low , Adam Wierman

While wind and solar power contribute to sustainability, their intermittent nature poses challenges when integrated into the grid. To mitigate these issues, renewable energy can be combined with coal fired power and hydropower sources to…

系统与控制 · 电气工程与系统科学 2024-11-12 Manling Hu , Manqi Xu , Dunnan Liu

In this paper, we propose a distributed control strategy for the design of an energy market. The method relies on a hierarchical structure of aggregators for the coordination of prosumers (agents which can produce and consume energy). The…

系统与控制 · 计算机科学 2018-06-28 Lorenzo Nespoli , Vasco Medici

We present a specialized scenario generation method that utilizes forecast information to generate scenarios for day-ahead scheduling problems. In particular, we use normalizing flows to generate wind power scenarios by sampling from a…

最优化与控制 · 数学 2022-07-12 Eike Cramer , Leonard Paeleke , Alexander Mitsos , Manuel Dahmen

Efforts to utilize 100% renewable energy in community microgrids require new approaches to energy markets and transactions to efficiently address periods of scarce energy supply. In this paper we contribute to the promising approach of…

最优化与控制 · 数学 2021-12-23 Jonathan Lee , Rodrigo Henriquez-Auba , Bala Kameshwar Poolla , Duncan S. Callaway