In terms of academic output, the project has produced 15 journal publications and 3 conference papers.
In terms of team composition, the project has funded the PI, 3 post-doctoral researchers (Daniel Avila, Dimitris Chatzigiannis, Efthymios Karangelos) and 6 PhD students (Nicolas Stevens, Jehum Cho, Jacques Cartuyvels, Daniel Avila, Ruan Zejun, Marilena Zambara).
Main results that the team boasts include:
• The development of a hierarchical TSO-DSO market design and market clearing platform
• The development of methods for pricing service contracts that can be used for mobilizing residential consumers
• The development of methods for hierarchically coupling separate control areas of high-voltage transmission grids
• The development of novel parallelization methods for implementing stochastic dual dynamic programming, and their deployment on high performance computing infrastructure, which has led to outperforming commercial grade SDDP software
• The development of parallel computing methods for supporting the optimal expansion of generation capacity in electric power systems while endogenously accounting for uncertainty
• The development of coherent market design proposals for balancing markets and imbalance settlement in EU real-time markets
• The development of mixed integer programming methods for solving stochastic programs that enable the optimal sizing of reserves on networks
• The development of scalable pricing algorithms in markets with non-convex operating constraints
• The analysis of the implications of zonal pricing for long-term investment incentives
• The analysis of the need / benefit of capacity remuneration mechanisms in markets with binary investment decisions
• The development of coherent market design proposals for European real-time markets with multiple reserve products