This paper outlines the fundamental features of the PJM day-ahead energy market and real-time energy market. The Day-ahead market is based on a voluntary least-cost security constrained unit commitment and dispatch with several fundamental design features that ensure the market is robust and competitive. This market offers market participants the option to lock in energy and transportation char...

Coordinated dispatch of plug-in electric vehicles (PEVs) with renewable energies has been proposed in recent years. However, it is difficult to achieve effective PEV dispatch with a win-win result, which not only optimizes power system operation, but also satisfies the requirements of PEV owners. In this paper, a multi-period PEV dispatch framework, combining day-ahead dispatch with real-time d...

With the perspective of a future widespread penetration of plug-in electric vehicles (PEVs) imminent challenges arise. Since an uncontrolled way of vehicle charging might impose additional system strain by adding up on existing peak-demands, there exists the necessity to find a charging management procedure, which is beneficial in terms of grid operation and cost. In this thesis a centralized c...

In this paper, a model of electricity hydrogen integrated energy system considering virtual storage is proposed to enhance the penetration rate renewable energy. Specifically, mathematical modeling conducted for hydrogen. Considering thermal characteristics buildings and demand response from users, into optimize system’s overall performance. A day-ahead intra-day optimization scheduling strateg...

We consider the problem of look-ahead economic dispatch (LAED) with uncertain renewable energy generation. The goal this is to minimize cost conventional generation subject operational constraints. risk violating these constraints must be below a given threshold for family probability distributions characteristics similar observed past data or predictions. present two data-driven approaches bas...

a r t i c l e i n f o It is widely agreed that optimal procurement of reserves, with explicit consideration of system contingencies, can improve reliability and economic efficiency in power systems. With increasing penetration of uncertain generation resources, this optimal allocation is becoming even more crucial. Herein, a problem formulation is developed to solve the day-ahead energy and res...

With the increasing popularity of renewable energy, energy storage systems (ESSs) have now been used as an essential way to reduce bills and mitigate impact uncertainty generators on network. However, high investment cost ESS limits its application. This article proposes concept shared (Shared-ESS) for microgrid owner/operator applies it economic optimal dispatch a cluster. In addition storage,...