My research contributes in the wider discussion about energy production and consumption rapidly evolving with the significant increase in generation from renewable energy sources (RES), followed by more dynamic consumption patterns signaled by the rise of more proactive consumers. Such developments follow trends towards the development of a more open and collaborative economy with increased interaction and exchange of information among its various actors.

Current electricity and ancillary service markets do not recognise the very nature of renewable energy with its variability and limited predictability, while tariffs tend to become unsustainable as shares of RES further increase and additional imbalance costs are transferred to the consumers. Similarly, the business models developed around the current markets, fail to capture the complexities of a collaborative economy and its impact on the distribution and pricing of electricity. Such challenges present two fascinating areas of research: first, the re-design of electricity markets so that they can appraise the uncertainty brought by renewables (the video below introduces “probabilistic offers” as the main concept of this line of research ); second, the development of the market mechanisms that will fully unlock the potential of shared economy in energy related applications.

In my post-doc in CBS and KU (CFEM project) I was interested in  merging information elicitation mechanisms with supply allocation auctions. This led to the development of allocation auctions where the supplied quality was uncertain and the agents had to estimate it, and report it to an auctioneer which in turn had to make a decision based on these estimates.

During my PhD in University of Southampton (MBC project) I focused on networks where intelligent and selfish agents generate costly observations modelled as probabilistic estimates. I developed a series of auction based mechanisms which through strictly proper scoring rules incentivise agents to allocate sufficient resources in generating accurate and precise estimates.

Additional information on current and previous research can be found on the description of the research projects that follows

  • Future Electricity Markets

    5s (FEMs) is a project funded by the Danish Strategic Research Council, focusing on electricity markets dominated by renewable sources of energy (above 50% stake). The proposed markets are expected to optimally deal with the dynamics and uncertainties of renewable energy generation, as well as with dynamic and flexible offers on the demand side. It is the core objective of the ‘5s’ project to forge the scientific and technical core for such future electricity markets to become a reality. In that objective, the ‘5s’ project will propose new market mechanisms in an advanced optimization framework, from the base methodological developments to the practicalities of their implementation requiring a parallel computing environment.


    • Technical University of Denmark
    • University of Copenhagen
    • Copenhagen Business School
    • Norwegian University of Science and Technology
    • Dansk Energi

    Keywords: Electricity Markers, Renewable Energy Sources, Stochastic Optimisation, Market Coupling, Uncertainty Modelling


  • Market Based Control of Complex Computational Systems

    This EPSRC funded project (in the Novel Computation call) intends to apply market-based paradigms to the design, control and evolution of complex distributed computational systems in order to attain highly efficient resource allocations in dynamic and uncertain environments. The targeted applications include resource allocation in utility data centres, decentralised control of content delivery and multiple robotic systems. It is a collaboration between several leading UK universities, specialised in economic mechanism design, multi-agent systems and evolutionary computation.

    Duration: 1st January 2005 to 31st December 2009


    • University of Southampton
    • University of Liverpool
    • University of Birmingham
    • Hewlett Packard Research Labs
    • BAE Systems
    • BT Research Labs

    Keywords: Agent Based Computing, E-Business Technologies, Decentralised Information Systems, Artificial Intelligence


  • Center for Research in the Foundations of Electronic Markets

    CFEM is a research center supported by the Danish Council for Strategic Research, committed to combining and advancing state-of-the-art of Computer Science and Economics.  The expected results will be used to design, analyse and implement new efficient and secure solutions for any type of electronic trading. This includes auctions, procurement, market regulation, cost allocation and new emerging types of markets on the Internet. Special focus will be given in emerging applications such as computational advertising, on-line distributed systems, information and prediction markets


    • Aarhus University
    • Copenhagen Business School
    • University of Copenhagen
    • The Alexandra Institute
    • Patricia Market Design
    • Danish Competition and Consumer Authority
    • Trade Extensions
    • Inno:vasion
    • DONG

    Keywords: Cryptography, Algorithmics, Complexity, Game Theory, Mechanism Design, Operations Research.