Electricity Market

Research on electricity markets, pricing, and optimization

Research Summary

Research in electricity markets focuses on applying optimization, stochastic methods, and AI techniques to enhance market design, pricing mechanisms, and grid operation. Dr. Pirnia's work in this area draws on his experience at the California ISO and FERC, addressing challenges in wholesale and retail electricity markets, renewable integration, and demand response.

Publications

Chance Constrained Models for the Operation of Electric Storage in Energy and Reserve Markets with Uncertainty in Wind Power

Shavandi, H., Fuller, J.D., & Pirnia, M.

Submitted to IEEE Transactions on Electricity Markets, 2025.

Nonconvex Multicommodity Near Equilibrium Models

Fuller, J.D., & Pirnia, M.

Operations Research Perspectives, 2022.

Impact of Covid-19 on Ontario’s Electricity Market: Demand, Energy Supply, Emission

Pirnia, M., Elsarague, M., Beylunioglu, F.C., & Nathwani, J.

The Electricity Journal, 2022.

Extended Opportunity Cost Model to Find Near Equilibrium Electricity Prices Under Non-convexities

Shavandi, H., Pirnia, M., & Fuller, J.D.

Applied Energy, 2019.

Ontario Feed-in-Tariffs: System Planning Implications and Impacts on Social Welfare

Pirnia, M., Nathwani, J., & Fuller, J.D.

The Electricity Journal, 2011.