This paper addresses the following question: How can smart energy management system (SEMS) influence the residential electricity consumption at both individual household and national level? First, we developed an hourly optimization model for individual households. The energy cost of an...

It is expected that the renewable share of energy generation will rise considerably in the near future. The intermittent and uncertain nature of renewable energy (RE) calls for storage and grid management technologies that can allow for increased power system flexibility. To assist policy makers...

What happens to the merit order of electricity markets when all electricity is supplied by intermittent renewable energy sources coupled with large-scale electricity storage? With near-zero marginal cost of production, will there still be a role for an energy-only electricity market? We answer...