Bi-level optimisation and game-theoretic approaches for modelling low-carbon deregulated electricity markets

Research Centre: Research Centre for Systems & Control

Speaker: Dimitrios Papadaskalopoulos

Abstract:

Electricity systems are currently facing the fundamental challenges of decarbonization and deregulation. Decarbonization has driven significant interest around the role and value of new technologies such as flexible demand and energy storage, which exhibit distinct time-coupling operation characteristics. Deregulation means that traditional centralised power system models, optimizing system objectives and assuming perfectly competitive behavior by market participants, are not able to provide accurate and meaningful insights anymore. This talk will present a new modelling framework to address these challenges, employing bi-level optimisation and game-theoretic approaches, as well as results from its application on various short-term operation and long-term planning problems.

Short bio: 

Dimitrios Papadaskalopoulos is a Research Fellow in Decentralised Energy Systems at the Control and Power research group in Imperial College London (U.K.) and he also holds a part-time Research Associate position in the National Technical University of Athens (Greece). His research focuses on the development and application of market-based and distributed approaches for the coordination of operation and planning decisions in power systems, employing optimisation and game theory principles. He has co-authored over 40 research papers in peer-reviewed international journals and conferences, and he has been involved in numerous U.K., European and international research and consultancy projects.