The number of prosumers -consumers equipped with decentralized production- is expected to increase following the revised Renewable Energy Directive (2018/2001) and the rising energy prices. The economic literature suggests there is room for demand-side storage that can take two forms:...

With rapid advances in digitization, many critical processes in transportation, industries, and our daily life rely on measurements of sensors. With time, however, the measurements of sensors may get gradually biased and their precision deteriorates, leading to an enhanced risk of major...

We propose a neural network-based approach to calibrating stochastic volatility models, which combines the pioneering grid approach by Horvath et al. (2021) with the pointwise two-stage calibration of Bayer and Stemper (2018). Our methodology inherits robustness from the former while not...

The Commission Regulation (EU) 2016/631 of the 14th of April 2016 establishing a network code on requirements for grid connection of generators introduces a framework for building a structural harmonization of technical stipulations across Europe. Network operators must implement this regulation...

A smart grid is the superposition of one physical electricity network on an information system. "Digitalization" (the growing application of information and communication technologies across the economy) enables electricity to break away from exclusive and centralized generation, opening it up...

Due to the ongoing expansion of renewable energies and the increasing energy demand of household consumers, e.g., due to the electrification of the mobility and heating sectors, grid bottlenecks and voltage band violations in low-voltage grids in Germany are expected to occur more frequently in...