Ethan Cantor

Patrick Wilk, Ethan Cantor, Yikui Liu et al.

The ongoing shift towards decentralization of the electric energy sector, driven by the growing electrification across end-use sectors, and widespread adoption of distributed energy resources (DERs), necessitates their active participation in the electricity markets to support grid operations. Furthermore, with bi-directional energy and communication flows becoming standard, intelligent, easy-to-deploy, resource-conservative demand-side participation is expected to play a critical role in securing power grid operational flexibility and market efficiency. This work proposes a market engagement framework that leverages a hierarchical multi-agent deep reinforcement learning (MARL) approach to enable individual prosumers to participate in peer-to-peer retail auctions and further aggregate these intelligent prosumers to facilitate effective DER participation in wholesale markets. Ultimately, a Stackelberg game is proposed to coordinate this hierarchical MARL-based DER market participation framework toward enhanced market performance.

Ethan Cantor, Yinyin Ge, Hongxing Ye et al.

The electric power sector has seen an increased penetration of renewable energy sources (RESs) that could strain the system reliability due to their inherent uncertainties in availability and controllability. Effective load carrying capability (ELCC) is widely used to quantify the reliability contributions of these RESs. However, existing ELCC methods can over- or under-estimate their contributions and often neglect or simplify other critical factors such as transmission constraints and evolving climate trends, leading to inaccurate capacity credit (CC) allocations and inefficient reliability procurement in capacity markets. To address these limitations, this paper proposes TRACED (TRansmission And Climate Enhanced Delta) -- an advanced capacity accreditation approach that integrates transmission constraints and climate-adjusted system conditions into a Delta ELCC evaluation. Case studies on a modified IEEE-118 bus system with high RES and energy storage penetrations demonstrate that TRACED produces portfolio-consistent CC allocations by capturing resource interactions and avoiding the double-counting of shared reliability benefits inherent in marginal ELCC, which may otherwise lead to under-procurement of reliability resources. Results further demonstrate that transmission congestion and evolving climate trends have mutual impacts on CC allocation, justifying their necessary integration into TRACED.