Switch Voltage Rating Selection Considering Cost-Oriented Redundancy and Modularity-based Trade-offs in Modular Multilevel Converter

Modular Multilevel Converters (MMCs) find increasing applications in medium to high-voltage systems. In such systems, reliability-oriented selection of power electronic switches becomes essential because higher modularity implies an increased number of components. The trade-off between the impact of higher modularity on converter reliability...

Operationally-Safe Peer-to-Peer Energy Trading in Distribution Grids: A Game-Theoretic Market-Clearing Mechanism

In future distribution grids, prosumers (i.e., energy consumers with storage and/or production capabilities) will trade energy with each other and with the main grid. To ensure an efficient and safe operation of energy trading, in this paper, we formulate a peer-to-peer energy market of prosumers as a generalized aggregative game, in which a...