Short term wholesale electricity market designs: A review of identified challenges and promising solutions

L Silva-Rodriguez, A Sanjab, E Fumagalli… - … and Sustainable Energy …, 2022 - Elsevier
The electricity market is being increasingly challenged by new trends, such as the high
penetration of intermittent renewables and the transformation of the consumers' energy …

[HTML][HTML] Power market models for the clean energy transition: State of the art and future research needs

M Haugen, PL Blaisdell-Pijuan, A Botterud, T Levin… - Applied Energy, 2024 - Elsevier
As power systems around the world are rapidly evolving to achieve decarbonization
objectives, it is crucial that power system planners and operators use appropriate models …

[HTML][HTML] Strategic retail pricing and demand bidding of retailers in electricity market: A data-driven chance-constrained programming

D Qiu, Z Dong, G Ruan, H Zhong, G Strbac… - Advances in Applied …, 2022 - Elsevier
This paper proposes a novel bi-level optimization model to study the strategic retail pricing
and demand bidding problems of an electricity retailer that considers the interactions …

Distribution electricity pricing under uncertainty

R Mieth, Y Dvorkin - IEEE Transactions on Power Systems, 2019 - ieeexplore.ieee.org
Distribution locational marginal prices (DLMPs) facilitate the efficient operation of low-
voltage electric power distribution systems. We propose an approach to internalize the …

Distributionally robust chance-constrained generation expansion planning

F Pourahmadi, J Kazempour… - … on Power Systems, 2019 - ieeexplore.ieee.org
This article addresses a centralized generation expansion planning problem, accounting for
both long-and short-term uncertainties. The long-term uncertainty (demand growth) is …

Distributionally robust joint chance-constrained optimization for networked microgrids considering contingencies and renewable uncertainty

Y Ding, T Morstyn, MD McCulloch - IEEE Transactions on …, 2022 - ieeexplore.ieee.org
In light of a reliable and resilient power system under extreme weather and natural disasters,
networked microgrids integrating local renewable resources have been adopted extensively …

Optimal demand response incorporating distribution LMP with PV generation uncertainty

B Park, Y Chen, M Olama, T Kuruganti… - … on Power Systems, 2021 - ieeexplore.ieee.org
The utilization of aggregated demand-side flexibility via demand response (DR) has become
a promising pathway for the integration of renewable energy resources in power systems …

Inertia pricing in stochastic electricity markets

Z Liang, R Mieth, Y Dvorkin - IEEE Transactions on Power …, 2022 - ieeexplore.ieee.org
Maintaining the stability of renewable-dominant power systems requires the procurement of
virtual inertia services from non-synchronous resources (eg, batteries, wind turbines) in …

Research on power system flexibility considering uncertainties

C Yang, W Sun, D Han, X Yin - Frontiers in Energy Research, 2022 - frontiersin.org
In order to help achieve the goal of carbon peak and carbon neutrality, the large-scale
development and application of clean renewable energy, like wind generation and solar …

Locational marginal pricing for flexibility and uncertainty with moment information

H Wang, Z Bie, H Ye - IEEE Transactions on Power Systems, 2022 - ieeexplore.ieee.org
The continuous growth of variable renewable integration has greatly increased uncertainty
and variability in the power system, resulting in unprecedentedly high demand for flexibility …