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Energy Markets and Responsive Grids

Modeling, Control, and Optimization

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  • © 2018

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Editors:
  1. Sean Meyn

    1. Department of Electrical and Computer Engineering, University of Florida, Gainesville, USA

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  2. Tariq Samad

    1. Technological Leadership Institute, University of Minnesota, Minneapolis, USA

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  3. Ian Hiskens

    1. Department of Electrical Engineering and Computer Science, University of Michigan, Ann Arbor, USA

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  4. Jakob Stoustrup

    1. Department of Electronic Systems, Aalborg University, Aalborg, Denmark

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  • Discusses current and future challenges in energy markets while providing solutions
  • Accessible to a broad audience
  • Written by leading experts in the field

Part of the book series: The IMA Volumes in Mathematics and its Applications (IMA, volume 162)

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Table of contents (20 chapters)

  1. Front Matter

    Pages i-x
    Download chapter PDF

  2. How to Manage the Complexity of the Grid?

    • Eugene Litvinov, Feng Zhao, Tongxin Zheng
    Pages 1-27

  3. Naïve Electricity Markets

    • David B. Spence
    Pages 29-57

  4. Capacity Markets: Rationale, Designs, and Trade-Offs

    • Alfredo Garcia
    Pages 59-72

  5. Redesign of US Electricity Capacity Markets

    • Robert W. Moye, Sean P. Meyn
    Pages 73-103

  6. A Swing-Contract Market Design for Flexible Service Provision in Electric Power Systems

    • Wanning Li, Leigh Tesfatsion
    Pages 105-127

  7. A Dynamic Framework for Electricity Markets

    • Anuradha Annaswamy, Stefanos Baros
    Pages 129-153

  8. Fast Market Clearing Algorithms

    • Arvind U. Raghunathan, Frank E. Curtis, Yusuke Takaguchi, Hiroyuki Hashimoto
    Pages 155-175

  9. Small Resource Integration Challenges for Large-Scale SCUC

    • Cuong Nguyen, Lei Wu, Muhammad Marwali, Rana Mukerji
    Pages 177-193

  10. Multi-Grid Schemes for Multi-Scale Coordination of Energy Systems

    • Sungho Shin, Victor M. Zavala
    Pages 195-222

  11. Graphical Models and Belief Propagation Hierarchy for Physics-Constrained Network Flows

    • Michael Chertkov, Sidhant Misra, Marc Vuffray, Dvijotham Krishnamurthy, Pascal Van Hentenryck
    Pages 223-250

  12. Profit Maximizing Storage Integration in AC Power Networks

    • Anya Castillo, Dennice F. Gayme
    Pages 251-280

  13. Virtual Inertia Placement in Electric Power Grids

    • Bala Kameshwar Poolla, Dominic Groß, Theodor Borsche, Saverio Bolognani, Florian Dörfler
    Pages 281-305

  14. A Hierarchy of Models for Inverter-Based Microgrids

    • Olaoluwapo Ajala, Alejandro D. Domínguez-García, Peter W. Sauer
    Pages 307-332

  15. Asynchronous Coordination of Distributed Energy Resources with Packetized Energy Management

    • Mads Almassalkhi, Luis Duffaut Espinosa, Paul D. H. Hines, Jeff Frolik, Sumit Paudyal, Mahraz Amini
    Pages 333-361

  16. Ensemble Control of Cycling Energy Loads: Markov Decision Approach

    • Michael Chertkov, Vladimir Y. Chernyak, Deepjyoti Deka
    Pages 363-382

  17. Distributed Control Design for Balancing the Grid Using Flexible Loads

    • Yue Chen, Md Umar Hashmi, Joel Mathias, Ana BuÅ¡ić, Sean Meyn
    Pages 383-411

  18. Disaggregating Load by Type from Distribution System Measurements in Real Time

    • Gregory S. Ledva, Zhe Du, Laura Balzano, Johanna L. Mathieu
    Pages 413-437

  19. Risk-Aware Demand Management of Aggregators Participating in Energy Programs with Utilities

    • William D. Heavlin, Ana Radovanović, Varun Gupta, Seungil You
    Pages 439-460

  20. Toward Resilience-Aware Resource Allocation and Dispatch in Electricity Distribution Networks

    • Devendra Shelar, Saurabh Amin, Ian Hiskens
    Pages 461-489
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Keywords

About this book

This volume consists of selected essays by participants of the workshop Control at Large Scales: Energy Markets and Responsive Grids held at the Institute for Mathematics and its Applications, Minneapolis, Minnesota, U.S.A. from May 9-13, 2016. The workshop brought together a diverse group of experts to discuss current and future challenges in energy markets and controls, along with potential solutions.

 

The volume includes chapters on significant challenges in the design of markets and incentives, integration of renewable energy and energy storage, risk management and resilience, and distributed and multi-scale optimization and control. Contributors include leading experts from academia and industry in power systems and markets as well as control science and engineering. 

 

This volume will be of use to experts and newcomers interested in all aspects of the challenges facing the creation ofa more sustainable electricity infrastructure, in areas such as distributed and stochastic optimization and control, stability theory, economics, policy, and financial mathematics, as well as in all aspects of power system operation.

 

Editors and Affiliations

  • Department of Electrical and Computer Engineering, University of Florida, Gainesville, USA

    Sean Meyn

  • Technological Leadership Institute, University of Minnesota, Minneapolis, USA

    Tariq Samad

  • Department of Electrical Engineering and Computer Science, University of Michigan, Ann Arbor, USA

    Ian Hiskens

  • Department of Electronic Systems, Aalborg University, Aalborg, Denmark

    Jakob Stoustrup

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