Markets, pricing, operational coordination, and coupled systems

Market signals in system dynamics and operational decisions

How market signals, pricing rules, and economic incentives shape the behaviour and operation of coupled energy systems.

This project direction studies how prices and market mechanisms enter system dynamics and operational choices in coupled electricity-heating systems. The work spans pricing design, market-aware dispatch, and the interaction between economic signals and engineering constraints.

Research Focus

Energy-grade double pricing in heat and combined heat-power systems
Market-coupled operation of power-heat systems under time-varying price signals
Operational trade-offs between economic efficiency and grid-support services

Related Publications

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[J1]Journal Paper

Energy-Grade Double Pricing for Combined Heat and Power Systems

X. Yi, Y. Guo, H. Sun, X. Qin, Q. Wu

IEEE Transactions on Power Systems, vol. 39, no. 2, pp. 3769--3784, 2024.

2024

[C4]Conference Paper

Energy-Grade Double Pricing Rule in the Heating Market

X. Yi, Y. Guo, H. Sun

IEEE Conference on Decision and Control (CDC), 2022.

2022

[C5]Conference Paper

Energy-Grade Double Pricing Mechanism for a Combined Heat and Power System Using the Asynchronous Dispatch Method

X. Yi, Y. Guo, H. Sun, Q. Wu, L. Xiao

IEEE Conference on Energy Internet and Energy System Integration, 2022.

2022

[P2]Working Paper

Mixed ℋ∞--Passivity Loop Shaping for Frequency Support in Heat-Pump-Connected Power--Heat Systems

X. Yi, I. Lestas

manuscript in preparation.