no code implementations • 6 Dec 2023 • Dongwei Zhao, Vladimir Dvorkin, Stefanos Delikaraoglou, Alberto J. Lamadrid L., Audun Botterud
Furthermore, we find that when transmission capacity increases, the proposed bilevel model will still reduce the system cost, whereas the myopic strategy may incur a much higher cost due to over-scheduling of VRES in the day-ahead market and the lack of flexible conventional generators in real time.
no code implementations • 3 Oct 2023 • Sijia Geng, Thomas Lee, Dharik Mallapragada, Audun Botterud
Large-scale integration of electric vehicles (EVs) leads to a tighter integration between transportation and electric energy systems.
no code implementations • 31 Aug 2023 • Rahman Khorramfar, Morgan Santoni-Colvin, Saurabh Amin, Leslie K. Norford, Audun Botterud, Dharik Mallapragada
Applying the framework to study the U. S. New England region in 2050 across 20 weather scenarios, we find high electrification of the residential sector can increase sectoral peak and total electricity demands by up to 56-158% and 41-59% respectively relative to business-as-usual projections.
no code implementations • 21 May 2023 • Dongwei Zhao, Audun Botterud, Marija Ilic
We prove that UP can incentivize suppliers to withhold bidding quantities and lead to price spikes.
1 code implementation • 20 Mar 2023 • Vladimir Dvorkin, Audun Botterud
While power systems research relies on the availability of real-world network datasets, data owners (e. g., system operators) are hesitant to share data due to security and privacy risks.
no code implementations • 14 Dec 2022 • Dongwei Zhao, Sarah Coyle, Apurba Sakti, Audun Botterud
To reduce the impact of excessive scarcity prices, we present a new market mechanism, which consists of a Penalty payment for lost load, a supply Incentive, and an energy price Uplift (PIU).
no code implementations • 25 Nov 2022 • Dongwei Zhao, Vladimir Dvorkin, Stefanos Delikaraoglou, Alberto J. Lamadrid L., Audun Botterud
Accommodating the uncertain and variable renewable energy sources (VRES) in electricity markets requires sophisticated and scalable tools to achieve market efficiency.
no code implementations • 7 Jan 2022 • Dongwei Zhao, Mehdi Jafari, Audun Botterud, Apurba Sakti
Each investor decides the storage investment over a long investment horizon, and operates the storage for arbitrage revenues in the daily electricity market.
no code implementations • 7 Jul 2021 • Mehdi Jafari, Apurba Sakti, Audun Botterud
This paper presents a novel algorithm to optimize energy capacity restoration of vanadium redox flow batteries (VRFBs).
no code implementations • 20 Sep 2020 • Jiachen Mao, Mehdi Jafari, Audun Botterud
This paper introduces a mathematical formulation of energy storage systems into a generation capacity expansion framework to evaluate the role of energy storage in the decarbonization of distributed power systems.
no code implementations • 30 Oct 2019 • Yuxiao Liu, Bolun Xu, Audun Botterud, Ning Zhang, Chongqing Kang
Results identify how the bounds decrease with additional power grid physical knowledge or more training data.