In September 2021, the city of Bogota' introduced a major market-based reform to its odd-even driving restriction, known as Pico y Placa. Since then, drivers have had the option to pay a daily congestion fee to be exempt from the restriction. We find t hat while the reform increased traffic, it...

In the smart grid environment, the flexible and diverse distributed generation (DG) and microgrid (MG) are attracting considerable attention. There are many key management and optimization issues involved in smart grid. As an important part of smart grid optimizations, the optimal load...

Optimal load distribution (OLD) among generator units of a hydropower plant is a vital task for hydropower generation scheduling and management. Traditional optimization methods for solving this problem focus on finding a single optimal solution. However, many practical constraints on hydropower...

This work concerns the formulation and solution of a multi-period security-constrained optimal power flow problem for real-time electricity market operations. The solution of the proposed problem is intended to be part of the core pricing procedure for electricity trading in open markets where...

Optimal power flow (OPF) problems are focussing on the question how a power transmission network can be operated in the most economic way. The general aim in such scenarios is to optimize generator scheduling in order to meet consumption re-quirements, transmission constraints and to minimize...

This article presents two new methodologies for the optimal placement of distributed generation (DG) in an optimal power flow (OPF) based wholesale electricity market. DG is assumed to participate in the real time wholesale electricity market. The problem of optimal placement, including size, is...

The purpose of this study is to assess the policy-relevant effects of incorporating a more proper representation of electricity transmission in multi-sector national policy models. This goal is achieved by employing the KAPSARC Energy Model (KEM), which is the first publicly available...

Integrating increasing shares of weather-dependent renewable energies into energy systems while maintaining high levels of security of supply constitutes a challenge for network utilities. Obtaining the goal of large shares of renewable-based generation sources on electricity supply requires an...