19 citations · 35 across the 6 of their papers we have counts for
6 papers
Flexible Ramping Product Procurement in Day-Ahead Markets
Ogun Yurdakul, Erik Ela, Farhad Billimoria
Flexible ramping products (FRPs) emerge as a promising instrument for addressing steep and uncertain ramping needs through market mechanisms. Initial implementations of FRPs in Nor…
An Insurance Paradigm for Improving Power System Resilience via Distributed Investment
Farhad Billimoria, Filiberto Fele, Iacopo Savelli +2
Extreme events, exacerbated by climate change, pose significant risks to the energy system and its consumers. However there are natural limits to the degree of protection that can…
Risk-Averse Self-Scheduling of Storage in Decentralized Markets
Ogun Yurdakul, Farhad Billimoria
Storage is expected to be a critical source of firming in low-carbon grids. A common concern raised from ex-post assessments is that storage resources can fail to respond to strong…
Flexible Ramping Product Procurement in Day-Ahead Markets
Ogun Yurdakul, Erik Ela, Sahin Albayrak
This article puts forward a methodology for procuring flexible ramping products (FRPs) in the day-ahead market (DAM). The proposed methodology comprises two market passes, the firs…
On the Design of an Insurance Mechanism for Reliability Differentiation in Electricity Markets
Farhad Billimoria, Filiberto Fele, Iacopo Savelli +2
Securing an adequate supply of dispatchable resources is critical for keeping a power system reliable under high penetrations of variable generation. Traditional resource adequacy…
Essential System Services in Grids Dominated by Renewable Energy
Niraj Lal, Toby Price, Leon Kwek +5
As the proportion of variable inverter-based renewable energy generation in electricity systems increases from a minority to the majority of total supply, the complexity and cost o…