Abstract
We present a novel fully distributed strategy for joint scheduling of consumption and trading within transactive energy networks. The aim is maximizing social welfare, which itself is redefined and adapted for peer-to-peer prosumer-based markets. In the proposed scheme, hourly energy values are calculated to coordinate the joint scheduling of consumption and trading, taking into consideration both preferences and needs of all network participants. Electricity market prices are scaled locally based on hourly energy values of each prosumer. This creates a system where energy consumption and trading are coordinated based on the value of energy use throughout the day, rather than only the market price. For each prosumer, scheduling is done by allocating load (consumption) and supply (trading) blocks, maximizing the energy value globally and locally within the network. The proposed strategy was tested using a case study of typical residential prosumers. It was shown that the proposed model could provide potential benefits for both prosumers and the grid, albeit with a user-centered, fully distributed management model which relies solely on local scheduling in transactive energy networks. © 2019 IEEE.

Abstract
The European Union aims to achieve a nearly zero energy balance in buildings by 2020. The present study takes into consideration the passive systems of the building, energy demand, and energy generated by the on-site photovoltaic and storage system, and how they interact in different scenarios. The study also considers the energy demand from the grid and the surplus of renewable energy. The software EnergyPlus was used and the parametric sensitivity simulation method was applied, taking into account blinds operation, ventilation strategies, HVAC operation schemes and battery storage capacity, in 96 scenarios. The results highlight that there is great variability between the considered scenarios, highlighting the importance of sizing methodologies for the passive systems and the use of optimized home management algorithms. It was found that the use of batteries with higher storage capacity increases the demand-supply from the on-site PV energy but decreases the amount of energy injected into the grid. The design of the PV and battery system based on yearly integrated simulations allows for an optimized solution. This study also emphasizes the importance of knowing the expected occupancy during the design phase, as a significant input to the sizing methodologies of the storage capacity and on-site generation.

Abstract
Accounting for the increasing uncertainties related to forecast of renewables is becoming an essential requirement while assessing the security of future power system scenarios. Project iTesla in the Seventh Framework Program (FP7) of the European Union (EU) tackles these needs and reaches several major objectives, including the development of a security platform architecture. In particular, the platform implements a stochastic dependence model to simulate a reasonable cloud of plausible 'future' states - due to renewable forecast - around the expected state, and evaluates the security on relevant states after sampling the cloud of uncertainty. The paper focuses on the proposed model for the uncertainty and its exploitation in power system security assessment process and it reports the relevant validation results. Copyright © 2019 Inderscience Enterprises Ltd.

Abstract
This paper presents a generic framework to evaluate and compare the quality of the uncertainties provided by probabilistic forecasts of power system state when used to perform security assessment for branch overloads. Besides exploiting advanced univariate and multivariate metrics that are traditionally used in weather prediction, the evaluation is complemented by assessing the benefits from exploiting probabilistic forecasts over the current practices of using deterministic forecasts of the system operating conditions. Another important feature of this framework is the provision of parameters tuning when applying flow probabilistic forecasts to perform security assessment for branch overloads. The quality and scalability of this framework is demonstrated and validated on recent historical data of the French transmission system. Although being developed to address branch overload problems, with proper adaptations, this work can be extended to other power system security problems.

Abstract
In this paper, a validation framework is proposed to evaluate the quality of uncertainty forecasts, when used to perform branch flow security assessment. The consistency between probabilistic forecasts and observations and the sharpness of the uncertainty forecasts is verified with advanced metrics widely used in weather prediction. The evaluation is completed by assessing the added value of exploiting uncertainty forecasts over the TSO current practices of using deterministic forecasts. For electric power industry, this proposed validation framework provides a way to compare the performance among alternative uncertainty models, when used to perform security assessment in power systems. The quality of the proposed metrics is illustrated and validated on historical data of the French transmission system.

Abstract
Variable-speed pump power storage is an innovative large-scale technology that is being deployed across the world. In addition to price arbitrage and provision of downward replacement reserve, its operational flexibility enables the provision of frequency restoration reserve (FRR) both in turbine and pump modes. This work proposes a bidding optimization strategy for the participation in the FRR market. The proposed framework encompasses a medium-term module to optimally allocate the yearly natural water inflows, representation of electrical and hydraulic losses in the water inflow/power curves, as well as forecasting techniques to predict market prices and natural water inflows. Moreover, it does not assume prior knowledge of the amount of activated FRR capacity band. An evaluation module is also proposed to replicate the real operation of the power plant and enables an accurate calculation of the revenue. A comparison between fixed and variable-speed Pump storage power (PSP) units participating in the Iberian electricity market presented an increase in revenue of almost 12%. Due to the low liquidity of the FRR market in Portugal, and the considerable capacity of the PSP unit, under some specific situations, it might be necessary to cap the size of the FRR bid to decrease the difference between the expected and realized revenue.