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eess.SY2026
Fairness as an Investment: Dynamic Participation and Long-Run Profit in Virtual Power Plants
Liudong Chen, Bolun Xu
We show that incorporating fairness constraints into virtual power plant (VPP) operations can incentivize consumer participation and thus improve the aggregator's long-run profitab…
eess.SY2025
Gaming on Coincident Peak Shaving: Equilibrium and Strategic Behavior
Liudong Chen, Jay Sethuraman, Bolun Xu
Power system operators and electric utility companies often impose a coincident peak demand charge on customers when the aggregate system demand reaches its maximum. This charge in…
eess.SY2024★ 1 cited
A Prudent Framework for Understanding Risk-Awareness in Demand Response
Liudong Chen, Bolun Xu
We show that risk-aware behaviors in demand response originate from superquadratic state-dependent cost functions and price uncertainty with skewed distributions. We obtain such re…