923 research outputs found

    Risk and investment management in liberalized electricity markets

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    Contingency Management in Power Systems and Demand Response Market for Ancillary Services in Smart Grids with High Renewable Energy Penetration.

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    Ph.D. Thesis. University of Hawaiʝi at Mānoa 2017

    SettleBot: A Negotiation Model for the Agent Based Commercial Grid

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    Understanding Deregulated Retail Electricity Markets in the Future: A Perspective from Machine Learning and Optimization

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    On top of Smart Grid technologies and new market mechanism design, the further deregulation of retail electricity market at distribution level will play a important role in promoting energy system transformation in a socioeconomic way. In today’s retail electricity market, customers have very limited ”energy choice,” or freedom to choose different types of energy services. Although the installation of distributed energy resources (DERs) has become prevalent in many regions, most customers and prosumers who have local energy generation and possible surplus can still only choose to trade with utility companies.They either purchase energy from or sell energy surplus back to the utilities directly while suffering from some price gap. The key to providing more energy trading freedom and open innovation in the retail electricity market is to develop new consumer-centric business models and possibly a localized energy trading platform. This dissertation is exactly pursuing these ideas and proposing a holistic localized electricity retail market to push the next-generation retail electricity market infrastructure to be a level playing field, where all customers have an equal opportunity to actively participate directly. This dissertation also studied and discussed opportunities of many emerging technologies, such as reinforcement learning and deep reinforcement learning, for intelligent energy system operation. Some improvement suggestion of the modeling framework and methodology are included as well.Ph.D.College of Engineering & Computer ScienceUniversity of Michigan-Dearbornhttps://deepblue.lib.umich.edu/bitstream/2027.42/145686/1/Tao Chen Final Dissertation.pdfDescription of Tao Chen Final Dissertation.pdf : Dissertatio

    Development of Distributed Energy Market:(Alternative Format Thesis)

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    Pricing the Cloud: An Auction Approach

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    Cloud computing has changed the processing and service modes of information communication technology and has affected the transformation, upgrading and innovation of the IT-related industry systems. The rapid development of cloud computing in business practice has spawned a whole new field of interdisciplinary, providing opportunities and challenges for business management research. One of the critical factors impacting cloud computing is how to price cloud services. An appropriate pricing strategy has important practical means to stakeholders, especially to providers and customers. This study addressed and discussed research findings on cloud computing pricing strategies, such as fixed pricing, bidding pricing, and dynamic pricing. Another key factor for cloud computing is Quality of Service (QoS), such as availability, reliability, latency, security, throughput, capacity, scalability, elasticity, etc. Cloud providers seek to improve QoS to attract more potential customers; while, customers intend to find QoS matching services that do not exceed their budget constraints. Based on the existing study, a hybrid QoS-based pricing mechanism, which consists of subscription and dynamic auction design, is proposed and illustrated to cloud services. The results indicate that our hybrid pricing mechanism has potential to better allocate available cloud resources, aiming at increasing revenues for providers and reducing expenses for customers in practice

    Optimal and Secure Electricity Market Framework for Market Operation of Multi-Microgrid Systems

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    Traditional power systems were typically based on bulk energy services by large utility companies. However, microgrids and distributed generations have changed the structure of modern power systems as well as electricity markets. Therefore, restructured electricity markets are needed to address energy transactions in modern power systems. In this dissertation, we developed a hierarchical and decentralized electricity market framework for multi-microgrid systems, which clears energy transactions through three market levels; Day-Ahead-Market (DAM), Hour-Ahead-Market (HAM) and Real-Time-Market (RTM). In this market, energy trades are possible between all participants within the microgrids as well as inter-microgrids transactions. In this approach, we developed a game-theoretic-based double auction mechanism for energy transactions in the DAM, while HAM and RTM are cleared by an optimization algorithm and reverse action mechanism, respectively. For data exchange among market players, we developed a secure data-centric communication approach using the Data Distribution Service. Results demonstrated that this electricity market could significantly reduce the energy price and dependency of the multi-microgrid area on the external grid. Furthermore, we developed and verified a hierarchical blockchain-based energy transaction framework for a multi-microgrid system. This framework has a unique structure, which makes it possible to check the feasibility of energy transactions from the power system point of view by evaluating transmission system constraints. The blockchain ledger summarization, microgrid equivalent model development, and market players’ security and privacy enhancement are new approaches to this framework. The research in this dissertation also addresses some ancillary services in power markets such as an optimal power routing in unbalanced microgrids, where we developed a multi-objective optimization model and verified its ability to minimize the power imbalance factor, active power losses and voltage deviation in an unbalanced microgrid. Moreover, we developed an adaptive real-time congestion management algorithm to mitigate congestions in transmission systems using dynamic thermal ratings of transmission lines. Results indicated that the developed algorithm is cost-effective, fast, and reliable for real-time congestion management cases. Finally, we completed research about the communication framework and security algorithm for IEC 61850 Routable GOOSE messages and developed an advanced protection scheme as its application in modern power systems

    CURRENT ISSUES AFFECTING TRADE AND TRADE POLICY: AN ANNOTATED LITERATURE REVIEW

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    This review provides a base of literature describing current issues and research on the impacts of lobalization and the industrialization of agriculture and recent approaches to analyze and model agricultural trade and trade policies. Three key factors of the survey are differentiated goods, global economic integration and international supply chain linkages. The review covers 182 publications, which are presented alphabetically by author with a brief annotation describing how it relates to the above criteria. The articles are also indexed by keyword. A brief summary highlights the documented literature and includes a series of issues for future discussion and research.International Relations/Trade,

    Strategic negotiation models for grid scheduling

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    One of the key requirements for Grid infrastructures is the ability to share resources with nontrivial qualities of service. However, resource management in a decentralized infrastructure is a complex task as it has to cope with di erent policies and objectives of the di erent resource providers and the resource users. This problem is further complicated due to the diversity of the resource types and the heterogeneity of their local resource management systems. Agreement-based resource management can be used to address these issues because in the negotiation process of creating such bilateral service level agreements (SLAs) between Grid parties, the di erent polices of the resource providers and the users will be abstracted and observed. Such negotiation processes should be automated with no or minimal human interaction, considering the potential scale of Grid systems and the amount of necessary transactions. Therefore, strategic negotiation models play important roles. In this thesis, we have made several novel research contributions which are as follows: - An agreement based resource management approach is analyzed. Requirements for the automatic negotiation problems in Grid computing are introduced. Furthermore, related work in the areas of economics and agent communities are investigated. - Several negotiation models and negotiation strategies are proposed and examined. Simulation results demonstrate that these proposed negotiation models are suitable and e ective for Grid environments. - Firstly, a strategic negotiation model using time-based negotiation strategies is proposed and evaluated using discrete event based simulation techniques. - Secondly, time-based negotiation strategies are quite limited in the dynamically changing Grid environment because they are quite simple and static; so learning based negotiation strategies are investigated and evaluated, which are quite exible and e ective in the dynamically changing Grid environment. Also we adopted negotiation strategies considering opportunistic functions for Grid scheduling. - Thirdly, it is usually necessary that resources from di erent resource providers are co-allocated to satisfy the complex requirements of the users, so a strategic negotiation model supporting co-allocation and the tradeo between "first" and "best" agreements in the Grid computing is also proposed and evaluated. - Finally, the contributions of the current research work to the WSNegotiation protocol are analyzed

    Foundations of Infrastructure CPS

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    Infrastructures have been around as long as urban centers, supporting a society’s needs for its planning, operation, and safety. As we move deeper into the 21st century, these infrastructures are becoming smart – they monitor themselves, communicate, and most importantly self-govern, which we denote as Infrastructure CPS. Cyber-physical systems are now becoming increasingly prevalent and possibly even mainstream. With the basics of CPS in place, such as stability, robustness, and reliability properties at a systems level, and hybrid, switched, and eventtriggered properties at a network level, we believe that the time is right to go to the next step, Infrastructure CPS, which forms the focus of the proposed tutorial. We discuss three different foundations, (i) Human Empowerment, (ii) Transactive Control, and (iii) Resilience. This will be followed by two examples, one on the nexus between power and communication infrastructure, and the other between natural gas and electricity, both of which have been investigated extensively of late, and are emerging to be apt illustrations of Infrastructure CPS
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