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math.OC2022★ 1 cited
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…
math.OC2022
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…