Fundamentals and business model for resource aggregator of demand response in electricity markets

X Lu, K Li, H Xu, F Wang, Z Zhou, Y Zhang - Energy, 2020 - Elsevier
Demand response (DR) is an effective means to help maintain the balance between power
supply and demand, promote energy conservation and emission reduction. Nevertheless …

A review of co-optimization approaches for operational and planning problems in the energy sector

GG Dranka, P Ferreira, AIF Vaz - Applied Energy, 2021 - Elsevier
This paper contributes to a comprehensive perspective on the application of co-optimization
in the energy sector–tracking the frontiers and trends in the field and identifying possible …

[HTML][HTML] A multi-stage stochastic programming model for the unit commitment of conventional and virtual power plants bidding in the day-ahead and ancillary services …

A Fusco, D Gioffrè, AF Castelli, C Bovo, E Martelli - Applied Energy, 2023 - Elsevier
As more uncontrollable renewable energy sources are present in the power generation
portfolio, the need of more detailed and reliable tools for the optimal operation of energy …

Event-driven forecasting of wholesale electricity price and frequency regulation price using machine learning algorithms

W Sai, Z Pan, S Liu, Z Jiao, Z Zhong, B Miao, SH Chan - Applied Energy, 2023 - Elsevier
The wholesale electricity market is composed of real-time market and procurement. Since
the fully liberalization of the energy market in Singapore in 2018, competition among the …

Assessing flexibility options in electricity market clearing

NE Koltsaklis, J Knápek - Renewable and Sustainable Energy Reviews, 2023 - Elsevier
This work presents a model to co-optimize the energy and reserves markets, taking into
account the penetration and participation of various flexibility providers in both markets. In …

Quantifying the benefits of electric vehicles on the future electricity grid in the midwestern United States

C Zhang, JB Greenblatt, P MacDougall, S Saxena… - Applied Energy, 2020 - Elsevier
Rising numbers of electric vehicles (EVs) along with increasing renewable electricity will
create challenges for electricity grids, potentially leading to significant increases in peak …

Robust electrical reserve and energy scheduling of power system considering hydro pumped storage units and renewable energy resources

AA Bafrani, A Rezazade, M Sedighizadeh - Journal of Energy Storage, 2022 - Elsevier
One of the most significant problems of the modern electricity markets is to deal with
renewable energy resources scheduling. This type of generations faces with severe …

Pricing inertia and frequency response with diverse dynamics in a mixed-integer second-order cone programming formulation

L Badesa, F Teng, G Strbac - Applied Energy, 2020 - Elsevier
Low levels of system inertia in power grids with significant penetration of non-synchronous
Renewable Energy Sources (RES) have increased the risk of frequency instability. The …

[HTML][HTML] Developing a new flexibility-oriented model for generation expansion planning studies of renewable-based energy systems

K Choubineh, H Yousefi, M Moeini-Aghtaie - Energy Reports, 2024 - Elsevier
This paper presents a flexibility-oriented generation expansion planning (GEP) model with
the goal of increasing renewable energy penetration. The model incorporates GEP and unit …

[HTML][HTML] Energy transition in the South East Europe: The case of the Romanian power system

NE Koltsaklis, AS Dagoumas, G Seritan, R Porumb - Energy Reports, 2020 - Elsevier
With the exception of Albania, the countries of South-Eastern Europe (SEE) have high
shares of electricity generation from an ageing fleet of coal-fired power units with quite low …