Abstract
The power system is facing a transition from its traditional centralized model to a more decentralized one, through the emergence of proactive consumers on the network, known as prosumers. This paradigm shift favors the emergence of new electricity market designs. Peer-to-Peer (P2P) based structures have been gaining prominence worldwide. In the P2P market, the prosumer assumes a more active role in the system, being able to directly trade its energy without the need for intermediaries. This paper contributes with a comprehensive overview of consumer-centric electricity markets, providing background on different aspects of P2P sharing, in particular the inclusion of peer preferences in the electricity trading process through product differentiation. A performance assessment of the different modeled preferences was carried out using key performance indicators (KPIs). Different user preferences under the product differentiation mechanism were simulated. The results demonstrate that consumer-centric markets increase the penetration of renewable energy sources into the network and tend to affect loads flexibility according to the renewable generation.

Abstract
One of the major barriers for the retailers is to understand the consumption elasticity they can expect from their contracted demand response (DR) clients. The current trend of DR products provided by retailers are not consumer-specific, which poses additional barriers for the active engagement of consumers in these programs. The elasticity of consumers' demand behavior varies from individual to individual. The utility will benefit from knowing more accurately how changes in its prices will modify the consumption pattern of its clients. This work proposes a functional model for the consumption elasticity of the DR contracted consumers. The model aims to determine the load adjustment the DR consumers can provide to the retailers or utilities for different price levels. The proposed model uses a Bayesian probabilistic approach to identify the actual load adjustment an individual contracted client can provide for different price levels it can experience. The developed framework provides the retailers or utilities with a tool to obtain crucial information on how an individual consumer will respond to different price levels. This approach is able to quantify the likelihood with which the consumer reacts to a DR signal and identify the actual load adjustment an individual contracted DR client provides for different price levels they can experience. This information can be used to maximize the control and reliability of the services the retailer or utility can offer to the System Operators. (c) 2021 Published by Elsevier B.V.

Abstract
This paper proposes a real time Walrasian based market design for local electricity trading, considering the roles of the different players, the settlement procedures, and the necessary balance responsibilities with the wholesale market under collective self-consumption rules. A Walrasian mechanism based on consecutive auctions for very short delivery periods is proposed, where the auctioneer defines a price for each of these delivery periods to which peers react by generating and consuming accordingly and informing if they trade with the auctioneer or with their retailer or aggregator. This market has no energy purchase contracts, and energy is billed based on each peer's generation or consumption for each delivery period with the price defined by the auctioneer. © 2022 IEEE.

Abstract
This paper investigates the contribution of hydrogen electrolysers (HEs) as highly controllable loads in the context of the Frequency Containment Reserve (FCR), in future operation scenarios on the Iberian Peninsula (IP). The research question is whether HEs can mitigate system insecurity regarding frequency or Rate of Change of Frequency (RoCoF) in critical periods of high renewable energy penetration (i.e. low system inertia), due to the fact that these periods will coincide with high volume of green hydrogen production. The proposed simulation platform for analysis consists of a simplified dynamic model developed in MATLAB/Simulink. The results obtained illustrate how HEs can outperform conventional generators on the provision of FCR. It is seen that the reference incident of 1GW loss in the IP in a 2040 low inertia scenario does not lead to insecure values of either frequency or Rate of Change of Frequency (RoCoF). On the other hand, an instantaneous loss of inverter-based resources (IBR) generation following a short-circuit may result in RoCoF violating security thresholds. The obtained results suggest that the HEs expected to be installed in the IP in 2040 may contribute to reduce RoCoF in this case, although this mitigation may be insufficient. The existing FCR mechanism does not fully exploit the fast-ramping capability of HEs; reducing measurement acquisiton delay would not improve results.

Abstract
This paper presents a model predictive control (MPC) framework for battery energy storage systems (BESS) management considering models for battery degradation, system efficiency and V-I characteristics. The optimization framework has been tested for microgrids with different renewable generation and load mix considering several operation strategies. A comparison for one-year simulations between the proposed model and a naïve BESS model, show an increase in computation times that still allows the application of the framework for real-time control. Furthermore, a trade-off between financial revenue and reduced BESS degradation was evaluated for the yearly simulation, considering the degradation model proposed. Results show that a conservative BESS usage strategy can have a high impact on the asset's lifetime and on the expected system revenues, depending on factors such as the objective function and the degradation threshold considered.

Abstract
Traditional power grids, being highly centralized in terms of generation, economy, and operation, continually employed probabilistic methods to account for load uncertainties. In modern smart grids (SG), rapid proliferation of non-dispatchable generation (physical decentralization) and liberal markets (market decentralization) leads to dismantling of the centralized paradigm, with operation being performed by several decentralized agents. Handling uncertainty in this new paradigm is aggravated due to 1) a vastly increased number of uncertainty sources, and 2) decentralized agents only having access to local data and limited information on other parts of the grid. A major problem identified in modern and future SGs is the need for fully decentralized optimal operation techniques that are computationally efficient, highly accurate, and do not jeopardize data privacy and security of individual agents. Machine learning (ML) techniques, being successors to traditional probabilistic methods are identified as a solution to this problem. In this paper, a conceptual model is constructed for the transition from a fully centralized operation of a SG to a decentralized one, proposing the transition scheme between the two paradigms. A novel ML algorithm for fully decentralized operation is proposed, formulated, implemented, and tested. The proposed algorithm relies solely on local historical data for local agents to accurately predict their optimal control actions without knowledge of the physical system model or access to historical data of other agents. The capability of cloud-based cooperative information exchange was augmented through a new concept of s-index activation codes, being encoded vectors shared between agents to improve their operation without sharing raw information. The algorithm is tested on a modified IEEE 24-bus test system and synthetically generating historical data based on typical load profiles. A week-ahead high-resolution (15 minute) fully decentralized operation case is tested. The algorithm is shown to guarantee less than 0.1% error compared to a centralized solution and to outperform a neural network (NN). The algorithm is exceptionally accurate while being highly computationally efficient and has great potential as a versatile model for fully decentralized operation of SGs.