no code implementations • 21 Oct 2021 • Lars Herre, Pierre Pinson, Spyros Chatzivasileiadis
The proposed probabilistic reserve procurement allows restricted reserve providers to enter the market, thereby increases liquidity and has the potential to lower procurement costs in power systems with high shares of variable renewable energy sources.
no code implementations • 11 Mar 2021 • Lars Herre, Behrouz Nourozi, Mohammad Reza Hesamzadeh, Qian Wang, Lennart Söder
To this end, dwellings with heat pumps and direct electric heaters are modeled as thermal energy storage equivalents that can be included in a linear two-stage problem formulation.
