In recent years, electric utility industry in the whole world has been facing pressure to be deregulated or restructured in order to increase its efficiency, to reduce operational...
Distributed intelligence and secure interconnected communication networks constitute recognized key factors for the economic operation of electricity infrastructures in competitiv...
— Some electric power markets allow bidders to specify constraints on ramp rates for increasing or decreasing power production. We show in a small example that a bidder could use...
—The paper proposes a framework for modeling and analysis of the dynamics of supply, demand, and clearing prices in power system with real-time retail pricing and information asy...
Mardavij Roozbehani, Munther Dahleh, Sanjoy K. Mit...
In critical energy infrastructure sectors (e.g. electric power generation, natural gas transportation, oil refining capacity) maintaining certain level of excess capacity is soci...