3 papers
eess.SY2023
Uniform Pricing vs Pay as Bid in 100%-Renewables Electricity Markets: A Game-theoretical Analysis
Dongwei Zhao, Audun Botterud, Marija Ilic
This paper evaluates market equilibrium under different pricing mechanisms in a two-settlement 100%-renewables electricity market. Given general probability distributions of renewa…
eess.SY2023
Dynamic Reserves for Managing Wind Power
Marija Ilic, Dongwei Zhao
In this paper, we suggest that reserves must be computed dynamically to account for wind power volatility. We formalize the notion of dynamic reserves in support of sequential Day-…
eess.SY2021
Time-of-use Pricing for Energy Storage Investment
Dongwei Zhao, Hao Wang, Jianwei Huang +1
Time-of-use (ToU) pricing is widely used by the electricity utility to shave peak load. Such a pricing scheme provides users with incentives to invest in behind-the-meter energy st…