M. R. Hesamzadeh
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Research Interests

I am interested in topics regarding wholesale and retail electricity markets and power system economics. This includes but not limited to:

  • Electricity Market operation, analysis and design
  • Market power detection and mitigation
  • Transmission investment and competition analysis
  • Generation-Transmission investment coordination
  • Distribution network pricing
  • Strategic bidding under different market designs
  • Statistical techniques for modeling, analyzing and forecasting electricity prices

Developed Analysis Toolboxes

  • Linear Nash Equilibrium Solver: Linear Nash Equilibrium solver (LiNE solver) is a computational tool developed in EMReG for purpose of electricity market analysis. The solver is developed based on the concept of extremal-Nash equilibria and it employs the oligopolistic modeling. An example version of this solver is applied to a stylized version of the Australian National Electricity Market (NEM) and it is currently indexed in the GAMS 24.0 model library. The following paper explains the mathematics behind the LiNE solver:
  • M. R. Hesamzadeh, D. R. Biggar, Computation of Extremal-Nash Equilibria in a Wholesale Power Market using a Single-Stage MILP, Power Engineering Letters, IEEE Transactions on Power Systems, Vol. 27, No. 3, pp. 1706-1707, August 2012
  • Short-Run Economic Dispatch Solver, SRED solver
  • The Conic Optimal Power Flow Solver, C-OPF solver

Examined PhD Theses

  • Clarisse Dupont, Making the day-ahead electricity market more sustainable by introducing load shifting flexibility, ERASMUS University (PhD proposal evaluator), 2022
  • Emanuele Taibi, A multi-sector framework for accelerating renewable energy development in power, transport and industry, KTH, Stockholm, Sweden, June 2020 (Member of Jury)
  • Nenad Jovanovic, Electricity markets operation planning with risk averse agents: stochastic decomposition and equilibrium, Universidad Pontificia Comillas, Sapin, June 2019 (Member of Jury)
  • Markus Löschenbrand, Dynamic Electricity Market Games: Modeling Competition under Large-Scale Competition, PhD thesis defence, NTNU Norwegian University of Science and Technology, Trondheim, Norway, June 2019 (Opponent)
  • Iacopo Savalli, Towards the Integration of Electricity Market: System Wide and Local Solutions, PhD thesis defence, University of Siena, Italy, February 2019 (Member of Jury)
  • Kaveri K. Iychettira, National Renewable Policies in an International Electricity Market: A Socio-Technical Study, PhD thesis defence, TU Delft, the Netherlands, April 2018 (Member of Jury)
  • Srinivasa Kishoret, Cost Optimization of Power Transmission Lines in Hilly Areas, Indian Institute of Technology Roorkee, June 2015, India (External Examiner)
  • Pavan Balram, Energy scheduling of electric vehicles for electricity market participation, Chalmers University of Technology, August 2014, Sweden (Opponent) [Licentiate Thesis]
  • German Morales, Unit Commitment: Computational Performance, System Representation and Wind Uncertainty Management, Universidad Pontificia Comillas, Spain, June 2014 (Member of Jury)

Professional Working Group

  • CIGRE Working Group C5-18: Market price signals and regulated frameworks for regional coordination of grid investment
  • F. Regairaz, M.R. Hesamzadeh, J. Riesz, F-P. Hansen, A. Balkwill, Market price signals and regulated frameworks for coordination of transmission investment, Cigre Lund symposium, Lund, Sweden 27-18 May 2015

Projects and consulting services

  1. Cross Border Electricity Trade in Bangladesh–Bhutan–India–Nepal (BBIN) Region: A Cost-Based Market Perspective (Funded by Oxford Policy Management - 2021) (Completed)
  2. Design and implementation of system operator for Bangladesh electricity industry (Funded by World Bank - 2019) (Completed)
  3. Optimal investment coordination of generation and transmission capacities (Funded by the ELFORSK program - 2016) (Completed)
  4. Research paper
  5. Optimal provision of inertia service in wind-integrated power systems (Funded by the EFORIS program - 2015) (Completed)
  6. Research paper
  7. Grid expansion planning in modern electricity markets (Funded by the Market Design Research Program, Sweden- 2014) (Completed)
  8. Research paper
  9. Study and analysis of market power in the Australian National Electricity Market (Funded by the Australian Competition and Consumer Commission, ACCC, and Australian Energy Regulator, AER - 2010) (Completed)
  10. Research Paper

Technical Presentations/Seminars/ Invited session

  1. M. R. Hesamzadeh "Implementation of the Nodal Pricing Regime for Distribution Network Pricing: A Benchmark Model", Swedish Energy Markets Inspectorate (Ei), Stockholm, Sweden, November 5, 2015
  2. M. R. Hesamzadeh "Employing ABB technologies for improving the performance of power market", ABB Corporate Research, Västrås, Sweden, October 15, 2015
  3. M. R. Hesamzadeh "Incentive regulation for Transmission Expansion", University of Liege, Liege, Belgium, August 28, 2015
  4. M. R. Hesamzadeh "A profit-maximizing approach for transmission expansion planning unsing a revenue-cap incentive mechanism", Workshop on New Technologies in the Future Grid, KU Leuven, Belgium, November 26, 2014
  5. M.R. Hesamzadeh "The CapFTR Mechanism", German Institute for Economic Research, DIW Berlin, August, 2013
  6. M.R. Hesamzadeh "Market-based Benefits of Additional Transmission Capacity", Advanced Submarine Power Cable Interconnection Forum (Building Critical HVDC Interconnections for an Integrated European Power Network), Berlin, Germany, April 19-20, 2012 (Invited talk)
  7. M.R. Hesamzadeh "Optimal Generation-Transmission Planning in Perfectly Competitive Markets", Workshop on Pricing in Deregulated Electricity Markets, Voss, Norway, November 27-30, 2011 (Invited talk)
  8. M.R. Hesamzadeh "Transmission Planning", IEEE Innovative Smart Grid Technology Conference, Perth, Australia, November 13-16, 2011 (session chair)
  9. M.R. Hesamzadeh "Transmission Investment Policies" 8th International Conference on the European Energy Market, Zagreb, Croatia, May 25-27, 2011 (session chair)
  10. M.R. Hesamzadeh, D.R. Biggar, N. Hosseinzadeh, "Proactive Transmission Expansion Planning", presented at Transmission Network Service Provider of the State of Victoria, VenCorp, Melbourne, Australia, February 2009
  11. M.R. Hesamzadeh, N. Hosseinzadeh, "Augmentation of the High Voltage Transmission Systems in Restructured Electricity Market," presented at Australian Competition and Consumer Commission (ACCC), Melbourne, Australia, June 2008
  12. M.R. Hesamzadeh, N.Hosseinzadeh, P.J. Wolfs "Transmission System Planning in Restructured Electricity Market, presented at PowerLink Company, Brisbane, Australia, July 2007

Professional Activities

  • 2019 Chair, 16th European Energy Market Conference, EEM 20
  • 2013 Member of steering committee, European Energy Market Conference
  • 2013 Board member, IEEE PE/PL Chapter in Sweden
  • 2013 Vice-chair, 10th European Energy Market Conference, EEM 13
  • 2008 Vice-Chair, Power and Energy Society Chapter, Queensland, Australia

Review assignments in international periodicals

  • IEEE Transactions on Fuzzy Systems
  • IEEE Transactions on Sustainable Energy
  • Optimization in Engineering
  • IEEE Transactions on Education
  • International Journal of Electrical Power and Energy Systems
  • Energy Systems
  • Energy Policy
  • Energy Economics
  • IEEE transactions on power systems
  • The Journal IET Generation, Transmission, and Distribution
  • The Journal Electric Power System Research (EPSR)
  • The Journal Simulation Modelling Practice and Theory (SIMPAT)

Scientific assessor of research proposals:

  • Research Foundation - Flanders (Fonds Wetenschappelijk Onderzoek - Vlaanderen, FWO), Belgium

National and International Grants:

  1. Project title: Market power analysis in the Nordic electricity market and its impact on the hedge market liquidity
    Funder: Swedish Energy Agency 
    Duration: 2 years (2023-2025)
  2. Project title: Improving the effectiveness of the electricity hedge market in the Nordic region
    Funder: VINNOVA
    Duration: 4 years (2022-2026)
  3. Project title: Optimisation and Incentive Mechanisms for Robust Generation Dispatch and Capacity Investment in Electricity Markets 
    Funder: EECS School, KTH 
    Duration: 5 years (2018-2023)
  4. Project title: Economic feasibility of market-based provision of inertia service
    Funder: Swedish Centre for Smart Grids and Energy Storage
    Duration: 6 months (2013)
  5. Project title: Optimal long-term transmission planning in the context of multiple TSOs
    Funder: Erasmus Mundus Research program - European Commission
    Duration: 4 years (2012-2016)
  6. Project title: Modelling and quantifying Market power in the presence of large amounts of wind power and solar power
    Funder: Erasmus Mundus Research program - European Commission
    Duration: 4 years (2012-2016)
  7. Project title: Grid Transmission Planning in Modern Electricity Market
    Funder: Market Design Research Program, Sweden
    Duration: 1 year (2010-2011)
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