Afzal Siddiqui Professor

Contact

Name and title: Afzal SiddiquiProfessor

Mail: asiddiq@dsv.su.se
Phone: +468161385

ORCID0000-0003-1841-1310 Länk till annan webbplats.

Workplace: Department of Computer and Systems Sciences Länk till annan webbplats.

Visiting address Nodhuset, Borgarfjordsgatan 12

Postal address Institutionen för data- och systemvetenskap164 25 Kista

Research group

Energy Systems

Climate change has spurred the decarbonisation of energy sectors. Yet, a viable pathway to reducing CO₂ emissions requires balancing conflicting economic and environmental aims. Our research group leverages state-of-the-art methodology to develop models for decision and policy support.

About me

I am a Professor in the Department of Computer and Systems Sciences at Stockholm University. Previously, I was Professor of Energy Economics in the Department of Statistical Science at University College London, an Adjunct Professor in the Department of Mathematics and Systems Analysis at Aalto University, and a Visiting Professor in the Department of Decision Sciences at HEC Montréal. My research interests are in the application of operational research methods to analyse decision making under uncertainty and competition in the energy sector. Besides participation in and coordination of several research projects, I have also served as a consultant to the Energy Technologies Area of the Ernest Orlando Lawrence Berkeley National Laboratory and the Directorate‑General for Communications Networks, Content and Technology (DG CONNECT) of the European Commission.

Education

•   University of California, Berkeley, CA, USA
-Ph.D. (2002) Industrial Engineering and Operations Research
-Minor Fields: Economics, Energy and Resources
-Dissertation Title: Equilibrium Analysis of Forward Markets for Electricity and Reserves
-Advisor: Shmuel Oren
-Committee: Chris Marnay, Sheldon Ross, and Catherine Wolfram

•   University of California, Berkeley, CA, USA
-M.S. (1998) Industrial Engineering and Operations Research

•   Columbia University, New York, NY, USA
-B.S. (1997) Industrial Engineering, academic honours with distinction

Career

Full-Time Employment

•   Stockholm University, Stockholm, Sweden
-Professor, Department of Computer and Systems Sciences (2011-present)

•   University College London, London, United Kingdom
-Professor of Energy Economics, Department of Statistical Science (2017-2020)
-Senior Lecturer, Department of Statistical Science (2010-2017)
-Lecturer, Department of Statistical Science (2005-2010)

•   University College Dublin, Dublin, Republic of Ireland
-College Lecturer, Department of Banking and Finance (2003-2005)

•  Ernest Orlando Lawrence Berkeley National Laboratory, Berkeley, CA, USA
-Visiting Post-Doctoral Researcher, Environmental Energy Technologies Division (2002-2003)

Other Appointments

•   University College London, London, United Kingdom
-Honorary Professor, Department of Statistical Science (2020-present)

•   Stockholm University, Stockholm, Sweden
-Research Engineer (20% appointment), Department of Computer and Systems Sciences (2008-2011)

•   Aalto University, Helsinki, Finland
-Adjunct Professor, Department of Mathematics and Systems Analysis (2019-2025)
-Visiting Professor, Department of Mathematics and Systems Analysis (2012-2018 and 2026-present)

•   Ernest Orlando Lawrence Berkeley National Laboratory, Berkeley, CA, USA
-Guest Senior Scientist and Consultant, Environmental Energy Technologies Division (2004-2013)

•   HEC Montréal, Montréal, Québec, Canada
-Affiliated Professor, Department of Decision Sciences (2017-present)
-Visiting Professor, Department of Decision Sciences (2016-2017)
-Instructor, Projets Internationaux (2009-2013)

•   Norwegian University of Science and Technology, Trondheim, Norway
-Visiting Researcher (sabbatical leave), Department of Industrial Economics and Technology Management (2008)

•   Asia Pacific Management Institute, Singapore
-Lecturer, Business Finance (2004-2005)

•   University of California, Berkeley, CA, USA
-Visiting Assistant Professor, Department of Industrial Engineering and Operations Research (2002)

During the 2025-2026 academic year, I am responsible for Business Analytics.

My research interests are in energy economics, specifically the application of operational research methods for analysing investment incentives and energy policy. Currently, I am using game-theoretic methods to assess strategic behaviour in the context of sector coupling in the SCORES project, which I am directing. Recently, I used a similar framework to investigate the strategic use of Nordic hydro reservoirs in the STRING project. This work bore synergies with the PlanFES project at Aalto University in which I was also involved. 

Between 2009 and 2011, I was part of the ELDEV project in Trondheim, Norway, which sought to foster closer cooperation between industry and academia, namely in the area of improved business practices for the electric power industry. I have also contributed to the development of a deterministic optimisation tool, DER-CAM, that solves a microgrid's distributed-generation investment and operational problem in detail. In the context of sustainable development, I had the chance to be exposed to challenges facing hydropower as part of the FutureDAMS project. Concluded work includes a UK Energy Research Centre project on the use of real options in energy-sector decarbonisation as well as coordination of an EU FP7 project, EnRiMa, which aimed to use stochastic optimisation in order to improve energy efficiency and to manage risk in European public buildings. Finally, I have served as an international collaborator for the STRIDES, STEEM, and RISKY-RES projects in Canada, Finland, and Norway, respectively.

Current and Former Doctoral Students

  • Michail Chronopoulos: Investment Decision Making under Uncertainty: The Impact of Risk Aversion, Operational Flexibility, and Competition (2007-2011 at UCL)
  • Lucas Dias Condeixa: Optimization of Generation and Transmission Expansion Planning: the Impacts of Emerging Technologies (2018-present at Aalto University; instructor)
  • Mingzhi Dong: Robust Localised Learning for Classification (2013-2018 at UCL; subsidiary supervisor)
  • Xiaojia Guo: Decision Analysis and Time-Series Models (2013-2020 at UCL; subsidiary supervisor)
  • Farzad Hassanzadeh Moghimi: Storage, Transmission, and Renewable Interactions in the Nordic Grid (2020-2025 at Stockholm University)
  • Somayeh Heydari: Time-Series and Real Options Analysis of Energy Markets (2006-2010 at UCL)
  • Lajos Maurovich-Horvat: Decision Making under Uncertainty and Competition for Sustainable Energy Technologies (2009-2014 at UCL)
  • Tuomas Rintamäki: Optimization and Time-Series Models for Large-Scale Integration of Variable Renewable Energy Sources (2015-2025 at Aalto University; instructor)
  • Maria Toomik: Regularization Approaches to Hyperspectral Unmixing (2014-2020 at UCL; subsidiary supervisor)
  • Vilma Virasjoki: Optimization Models for Assessing Energy Systems in Transition (2015-2019 at Aalto University; instructor)
  • Verena Višković: Equilibrium Analysis of Carbon Emissions Caps in Regional Electricity Markets (2013-2018 at UCL)

Current and Former Post-Doctoral Researchers

  • Michail Chronopoulos: An Options Approach to UK Energy Futures (2011-2012 at UCL; subsidiary supervisor)
  • Sébastien Debia: Strategic Transmission and Renewable Investment in a Decentralised Electricity Sector (2017-2020 at HEC Montréal; subsidiary supervisor)
  • Somayeh Heydari: Energy Efficiency and Risk Management in Public Buildings (2011-2012 at UCL)
  • Paula Rocha: Energy Efficiency and Risk Management in Public Buildings (2013-2014 at UCL)

Articles in Refereed Journals

  1. Siddiqui, Afzal S., Makoto Tanaka, and Yihsu Chen (2026), "Coordinating Environmental Policy and Transmission Planning in Decentralised Electricity Industries," INFOR: Information Systems and Operational Research, forthcoming.
  2. Siddiqui, Afzal S. and Sebastian Maier (2026), "Strategic Sector Coupling? Market Power in Heat and Power Markets," Energy Economics 154: 109106.
  3. Roberts, Kirstine, Dina Khastieva, Afzal S. Siddiqui, Eeva Vilkkumaa, and Ilona Ylikoski (2025), "Industrial Electrification and Market Power in a Hydro-Thermal Power System," IEEE Transactions on Energy Markets, Policy, and Regulation 3(4): 521-535.
  4. García-Cerezo, Álvaro, Afzal S. Siddiqui, Trine K. Boomsma, Raquel García-Bertrand, and Luis Baringo (2025), "Strategic Investment in Electricity Markets: Robust Optimization versus Stochastic Programming," European Journal of Operational Research, forthcoming.
  5. Deman, Laureen, Afzal S. Siddiqui, Cédric Clastres, and Quentin Boucher (2025), "Day-Ahead and Reserve Prices in a Renewable-Based Power System: Adapting Electricity-Market Design for Energy Storage," The Energy Journal 46(2): 67-98.
  6. Hassanzadeh Moghimi, Farzad, Trine K. Boomsma, and Afzal S. Siddiqui (2024), "Transmission Planning in an Imperfectly Competitive Power Sector with Environmental Externalities," Energy Economics 134: 107610.
  7. Rintamäki, Tuomas, Fabricio Oliveira, Afzal S. Siddiqui, and Ahti Salo (2024), "Achieving Emission-Reduction Goals: Multi-Period Power-System Expansion under Short-Term Operational Uncertainty," IEEE Transactions on Power Systems 39(1): 119-131.
  8. Siddiqui, Afzal S., Makoto Tanaka, and Yihsu Chen (2023), "Market-Based Environmental Policies in the Power Sector," Current Sustainable/Renewable Energy Reports 10: 59-74.
  9. Hassanzadeh Moghimi, Farzad, Yihsu Chen, and Afzal S. Siddiqui (2023), "Flexible Supply Meets Flexible Demand: Prosumer Impact on Strategic Hydro Operations," Computational Management Science 20: 23.
  10. Egging-Bratseth, Ruud and Afzal S. Siddiqui (2023), "Stochastic Equilibria with Capacity Expansion: Increasing Expected Profit with Risk Aversion," Decision Analytics Journal 7: 100234.
  11. Hassanzadeh Moghimi, Farzad, Hanna Ek Fälth, Lina Reichenberg, and Afzal S. Siddiqui (2023), "Climate Policy and Strategic Operations in a Hydro-Thermal Power System," The Energy Journal 44(5): 67-94.
  12. Lavrutich, Maria, Verena Hagspiel, and Afzal S. Siddiqui (2023), "Transmission Investment under Uncertainty: Reconciling Private and Public Incentives," European Journal of Operational Research 304(3): 1167-1188.
  13. Poemsl, Tobias F. and Afzal S. Siddiqui (2022), "Operational Planning of Distributed Energy Generation for a Semiconductor Fabrication Plant," e & i Elektrotechnik und Informationstechnik 139: 662-672.
  14. Siddiqui, Afzal S. and Sauleh A. Siddiqui (2022), "Ambiguities and Nonmonotonicities under Prosumer Power: Optimal Distributed Energy Resource Investment in a Deregulated Electricity Industry," TOP - An Official Journal of the Spanish Society of Statistics and Operations Research 30: 492–532.
  15. Tanaka, Makoto, Yihsu Chen, and Afzal S. Siddiqui (2022), "Regulatory Jurisdiction and Policy Coordination: A Bi-Level Modeling Approach for Performance-Based Environmental Policy," Journal of the Operational Research Society 70(3): 509-524.
  16. Debia, Sébastien, Pierre-Olivier Pineau, and Afzal S. Siddiqui (2021), "Strategic Storage Use in a Hydro-Thermal Power System with Carbon Constraints," Energy Economics 98: 105261.
  17. Višković, Verena, Yihsu Chen, Afzal S. Siddiqui, and Makoto Tanaka (2021), "Economic and Environmental Consequences of Market Power in the South-East Europe Regional Electricity Market," The Energy Journal 42(6): 121-145.
  18. Gonzalez, Jose M., James E. Tomlinson, Julien J. Harou, Eduardo A. Martínez Ceseña, Mathaios Panteli, Andrea Bottacin-Busolin, Anthony Hurford, Marcelo A. Olivares, M.A., Afzal S. Siddiqui, Tohid Erfani, Kenneth M. Strzepek, Pierluigi Mancarella, Joseph Mutale, Emmanuel Obuobie, Abdulkarim H. Seid, and Aung Ze Ya (2020), "Spatial and Sectoral Benefit Distribution in Water-Energy System Design," Applied Energy 269: 114794.
  19. Virasjoki, Vilma, Afzal S. Siddiqui, Fabricio Oliveira, and Ahti Salo (2020), "Utility-Scale Energy Storage in an Imperfectly Competitive Power Sector," Energy Economics 88: 104716.
  20. Rintamäki, Tuomas, Afzal S. Siddiqui, and Ahti Salo (2020), "Strategic Offering of a Flexible Producer in Day-Ahead and Intraday Power Markets," European Journal of Operational Research 284(3): 1136-1153.
  21. Tejada-Arango, Diego A., Sonja Wogrin, Afzal S. Siddiqui, and Efraim Centeno (2019), "Opportunity Cost Including Short-Term Energy Storage in Hydrothermal Dispatch Models Using a Linked Representative Periods Approach," Energy 188: 116079.
  22. Višković, Verena, Yihsu Chen, Afzal S. Siddiqui, and Makoto Tanaka (2019), "Regional Carbon Policies in an Interconnected Power System: How Expanded Coverage Could Exacerbate Emission Leakage," Energy Policy 134: 110914.
  23. Tejada-Arango, Diego A., Afzal S. Siddiqui, Sonja Wogrin, and Efraim Centeno (2019), "A Review of Energy Storage System Legislation in the US and the European Union," Current Sustainable/Renewable Energy Reports 6(1): 22-28.
  24. Siddiqui, Afzal S., Ramteen Sioshansi, and Antonio J. Conejo (2019), "Merchant Storage Investment in a Restructured Electricity Industry," The Energy Journal 40(4): 129-163.
  25. Debia, Sébastien, Pierre-Olivier Pineau, and Afzal S. Siddiqui (2019), "Strategic Use of Storage: The Impact of Carbon Policy, Resource Availability, and Technology Efficiency on a Renewable-Thermal Power System," Energy Economics 80: 100-120.
  26. Siddiqui, Afzal S., Makoto Tanaka, and Yihsu Chen (2019), "Sustainable Transmission Planning in Imperfectly Competitive Electricity Industries: Balancing Economic and Environmental Outcomes," European Journal of Operational Research 275(1): 208-223.
  27. Chen, Yihsu, Makoto Tanaka, and Afzal S. Siddiqui (2018), "Market Power with Tradable Performance-Based CO₂ Emission Standards in the Electricity Sector," The Energy Journal 39(6): 95-119.
  28. Virasjoki, Vilma, Afzal S. Siddiqui, Behnam Zakeri, and Ahti Salo (2018), "Market Power with Combined Heat and Power Production in the Nordic Energy System," IEEE Transactions on Power Systems 33(5): 5263 - 5275.
  29. Kauppinen, Lauri, Afzal S. Siddiqui, and Ahti Salo (2018), "Investing in Time-to-Build Projects With Uncertain Revenues and Costs: A Real Options Approach," IEEE Transactions on Engineering Management 65(3): 448 - 459.
  30. Reichenberg, Lina, Afzal S. Siddiqui, and Sonja Wogrin (2018), "Policy Implications of Downscaling the Time Dimension in Power System Planning Models to Represent Variability in Renewable Output," Energy 159: 870-877.
  31. Boonman, Hettie J. and Afzal S. Siddiqui (2017), "Capacity Optimization under Uncertainty: The Impact of Operational Time Lags," European Journal of Operational Research 262(2): 660-672.
  32. Višković, Verena, Yihsu Chen, and Afzal S. Siddiqui (2017), "Implications of the EU Emissions Trading System for the South-East Europe Regional Electricity Market," Energy Economics 65: 251-261.
  33. Rintamäki, Tuomas, Afzal S. Siddiqui, and Ahti Salo (2017), "Does Renewable Energy Generation Decrease the Volatility of Electricity Prices? An Analysis of Denmark and Germany," Energy Economics 62: 272-282.
  34. Rintamäki, Tuomas, Afzal S. Siddiqui, and Ahti Salo (2016), "How Much Is Enough? Optimal Support Payments in a Renewable-Rich Power System," Energy 117: 300-313.
  35. Maurovich-Horvat, Lajos, Bert De Reyck, Paula Rocha, and Afzal S. Siddiqui (2016), "Optimal Selection of Distributed Energy Resources under Uncertainty and Risk Aversion," IEEE Transactions on Engineering Management 63(4): 462-474.
  36. Virasjoki, Vilma, Paula Rocha, Afzal S. Siddiqui, and Ahti Salo (2016), "Market Impacts of Energy Storage in a Transmission-Constrained Power System," IEEE Transactions on Power Systems 31(5): 4108-4117.
  37. Rocha, Paula, Michal Kaut, and Afzal S. Siddiqui (2016), "Energy-Efficient Building Retrofits: An Assessment of Regulatory Proposals under Uncertainty," Energy 101: 278-287.
  38. Guo, Xiaojia, Alexandros Beskos, and Afzal S. Siddiqui (2016), "The Natural Hedge of a Gas-Fired Power Plant," Computational Management Science 13(1): 63-86.
  39. Maurovich-Horvat, Lajos, Paula Rocha, and Afzal S. Siddiqui (2016), "Optimal Operation of Combined Heat and Power under Uncertainty and Risk Aversion," Energy and Buildings 110: 415-425.
  40. Siddiqui, Afzal S., Makoto Tanaka, and Yihsu Chen (2016), "Are Targets for Renewable Portfolio Standards Too Low? The Impact of Market Structure on Energy Policy," European Journal of Operational Research 250(1): 328-341.
  41. Chronopoulos, Michail and Afzal S. Siddiqui (2015), "When is it Better to Wait for a New Version? Optimal Replacement of an Emerging Technology under Uncertainty," Annals of Operations Research 235(1): 177-201.
  42. Vilkkumaa, Eeva, Juuso Liesiö, Ahti Salo, and Afzal S. Siddiqui (2015), "Fostering Breakthrough Technologies How Do Optimal Funding Decisions Depend on Evaluation Accuracy?," Technological Forecasting and Social Change 96: 173-190.
  43. Maurovich-Horvat, Lajos, Trine K. Boomsma, and Afzal S. Siddiqui (2015), "Transmission and Wind Investment in a Deregulated Electricity Industry," IEEE Transactions on Power Systems 30(3): 1633-1643.
  44. Rocha, Paula, Afzal S. Siddiqui, and Michael Stadler (2015), "Improving Energy Efficiency via Smart Building Energy Management Systems: A Comparison with Policy Measures," Energy and Buildings 88: 203-213.
  45. Momber, Ilan, Afzal S. Siddiqui, Tomás Gómez, and Lennart Söder (2015), "Risk Averse Scheduling by a PEV Aggregator under Uncertainty," IEEE Transactions on Power Systems 30(2): 882-891.
  46. Chronopoulos, Michail, Derek Bunn, and Afzal S. Siddiqui (2014), "Optionality and Policymaking in Re-Transforming the British Power Market," Economics of Energy & Environmental Policy 3(2): 79-100.
  47. Chronopoulos, Michail, Bert De Reyck, and Afzal S. Siddiqui (2014), "Duopolistic Competition under Risk Aversion and Uncertainty," European Journal of Operational Research 236(2): 643-656.
  48. Chin, Dorea and Afzal S. Siddiqui (2014), "Capacity Expansion and Forward Contracting in a Duopolistic Power Sector," Computational Management Science 11(1-2): 57-86.
  49. Groissböck, Markus, Somayeh Heydari, Ana Mera, Eugenio Perea, Afzal S. Siddiqui, and Michael Stadler (2014), "Optimizing Building Energy Operations via Dynamic Zonal Temperature Settings," Journal of Energy Engineering 140(1): 04013008.
  50. Cardoso, Gonçalo, Michael Stadler, Afzal S. Siddiqui, Chris Marnay, Nicholas DeForest, Ana Barbosa-Póvoa, and Paulo Ferrão (2013), "Microgrid Reliability Modeling and Battery Scheduling using Stochastic Linear Programming," Electric Power Systems Research 103: 61-69.
  51. Chronopoulos, Michail, Bert De Reyck, and Afzal S. Siddiqui (2013), "The Value of Capacity Sizing under Risk Aversion and Operational Flexibility," IEEE Transactions on Engineering Management 60(2): 272-288.
  52. Marnay, Chris, Michael Stadler, Afzal S. Siddiqui, Nicholas DeForest, Jon Donadee, Prajesh Bhattacharya, and Judy Lai (2013), "Applications of Optimal Building Energy System Selection and Operation," Journal of Power and Energy 227(1): 82-93.
  53. Siddiqui, Afzal S. and Ryuta Takashima (2012), "Capacity Switching Options under Rivalry and Uncertainty," European Journal of Operational Research 222(3): 583-595.
  54. Stadler, Michael, Chris Marnay, Maximilian Kloess, Gonçalo Cardoso, Gonçalo Mendes, Afzal S. Siddiqui, Ratnesh Sharma, Olivier Mégel, and Judy Lai (2012), "Optimal Planning and Operation of Smart Grids with Electric Vehicle Interconnection," Journal of Energy Engineering 138(2): 95-108.
  55. Heydari, Somayeh, Nick Ovenden, and Afzal S. Siddiqui (2012), "Real Options Analysis of Investment in Carbon Capture and Sequestration Technology," Computational Management Science 9(1): 109-138.
  56. Fleten, Stein-Erik, Ane Marte Heggedal, and Afzal S. Siddiqui (2011), "Transmission Capacity between Norway and Germany a Real Options Analysis," Journal of Energy Markets 4(1): 121-147.
  57. Coville, Aidan, Afzal S. Siddiqui, and Klaus-Ole Vogstad (2011), "The Effect of Missing Data on Wind Resource Estimation," Energy 36(7): 4505-4517.
  58. Chronopoulos, Michail, Bert De Reyck, and Afzal S. Siddiqui (2011), "Optimal Investment under Operational Flexibility, Risk Aversion, and Uncertainty," European Journal of Operational Research 213(1): 221-237.
  59. Stadler, Michael, Afzal S. Siddiqui, Chris Marnay, Hirohisa Aki, and Judy Lai (2011), "Control of Greenhouse Gas Emissions by Optimal DER Technology Investment and Energy Management in Zero-Net-Energy Buildings," European Transactions on Electrical Power 21(2): 1291-1309.
  60. Siddiqui, Afzal S. and Stein-Erik Fleten (2010), "How to Proceed with Competing Alternative Energy Technologies: a Real Options Analysis," Energy Economics 32(4): 817-830.
  61. Heydari, Somayeh and Afzal S. Siddiqui (2010), "Valuing a Gas-Fired Power Plant: a Comparison of Ordinary Linear Models, Regime-Switching Approaches, and Models with Stochastic Volatility," Energy Economics 32(3): 709-725.
  62. Siddiqui, Afzal S. and Karl M. Maribu (2009), "Investment and Upgrade in Distributed Generation under Uncertainty," Energy Economics 31(1): 25-37.
  63. Siddiqui, Afzal S. and Chris Marnay (2008), "Distributed Generation Investment by a Microgrid under Uncertainty," Energy 33(12): 1729-1737.
  64. Marnay, Chris, Giri Venkatarmanan, Michael Stadler, Afzal S. Siddiqui, Ryan M. Firestone, and Bala Chandran (2008), "Optimal Technology Selection and Operation of Commercial-Building Microgrids," IEEE Transactions on Power Systems 23(3): 975-982.
  65. Siddiqui, Afzal S. and Chris Marnay (2007), "Operation of Distributed Generation under Stochastic Prices," Pacific Journal of Optimization 3(3): 439-458.
  66. Maribu, Karl M., Ryan M. Firestone, Chris Marnay, and Afzal S. Siddiqui (2007), "Distributed Energy Resources Market Diffusion Model," Energy Policy 35(9): 4471-4484.
  67. Siddiqui, Afzal S., Chris Marnay, Ryan M. Firestone, and Nan Zhou (2007), "Distributed Generation with Heat Recovery and Storage," Journal of Energy Engineering 133(3): 181-210.
  68. Illindala, Mahesh, Afzal S. Siddiqui, Giri Venkataramanan, and Chris Marnay (2007), "Localized Aggregation of Diverse Energy Sources for Rural Electrification Using Microgrids," Journal of Energy Engineering 133(3): 121-131.
  69. Siddiqui, Afzal S., Chris Marnay, and Ryan H. Wiser (2007), "Real Options Valuation of US Federal Energy Efficiency and Renewable Energy Research, Development, Demonstration and Deployment," Energy Policy 35(1): 265-279.
  70. Siddiqui, Afzal S., Emily Bartholomew, and Chris Marnay (2006), "Empirical Analysis of the Spot Market Implications of Price-Responsive Demand," Energy Studies Review 14(1): 134-153.
  71. Siddiqui, Afzal S., Emily Bartholomew, Chris Marnay, and Shmuel S. Oren (2005), "Efficiency of the New York Independent System Operator Market for Transmission Congestion Contracts," Managerial Finance 31(6): 1-45.
  72. Siddiqui, Afzal S., Chris Marnay, Jennifer L. Edwards, Ryan M. Firestone, Srijay Ghosh, and Michael Stadler (2005), "Effects of Carbon Tax on Combined Heat and Power Adoption by a Microgrid," Journal of Energy Engineering 131(1): 2-25.
  73. Siddiqui, Afzal S., Chris Marnay, Owen Bailey, and Kristina Hamachi LaCommare (2005), "Optimal Selection of On-Site Power Generation with Combined Heat and Power Applications," International Journal of Distributed Energy Resources 1(1): 33-62.
  74. Bartholomew, Emily, Afzal S. Siddiqui, Chris Marnay, and Shmuel S. Oren (2003), "The New York Transmission Congestion Contract Market: Is It Truly Working Efficiently?" The Electricity Journal 16(9): 14-24.
  75. Siddiqui, Afzal S. (2003), "Managing Electricity Reliability Risk Through the Forward Markets," Networks and Spatial Economics 3(2): 225-263.
  76. Siddiqui, Afzal S., Chris Marnay, and Mark Khavkin (2000), "Excessive Price Volatility in the California Ancillary Services Markets: Causes, Effects, and Solutions," The Electricity Journal 13(6): 58-68.

Books, Book Chapters, and Conference Proceedings

  1. Oggioni, Giorgia, Annagiulia Pezzola, Rossana Riccardi, Santo Saraceno, and Afzal S. Siddiqui (2026), "Carbon Taxation in an Imperfectly Competitive Power Sector," in Proceedings of the 59th Hawaii International Conference on System Sciences, Maui, HI, USA (6-9 January 2026).
  2. Siddiqui, Afzal S. and Ramteen Sioshansi (2025), "Designing Carbon Policy with Profit-Maximising Energy Storage," in Proceedings of the 58th Hawaii International Conference on System Sciences, Big Island, HI, USA (7-10 January 2025).
  3. Buylova, Alexandra, Aron Larsson, Naghmeh Nasiritousi, and Afzal S. Siddiqui (2024), "Understand Stakeholder Perceptions and Implementation Possibilities for Energy Efficiency Measures and Policy Through Multicriteria Modelling," in Strengthening European Energy Policy (A. Crowther, C. Foulds, R. Robison, and G. Gladkykh, eds.), Palgrave Macmillan: 131-143.
  4. Hassanzadeh Moghimi, Farzad, Yihsu Chen, and Afzal S. Siddiqui (2023), "Aggregator-Enabled Prosumers' Impact on Strategic Hydro-Thermal Operations," in Proceedings of the 56th Hawaii International Conference on System Sciences, Maui, HI, USA (3-6 January 2023).
  5. Tanaka, Makoto, Antonio J. Conejo, and Afzal S. Siddiqui (2022), Economics of Power Systems, Springer, ISBN: 978-3-030-92870-4.
  6. Chen, Yihsu, Afzal S. Siddiqui, and Makoto Tanaka (2020), Analysis of Environmental Policy in the Power Sector: Equilibrium Methods and Bi-Level Modeling, Springer International Publishing, ISBN: 978-3-030-44865-3.
  7. Condeixa, Lucas, Fabricio Oliveira, and Afzal S. Siddiqui (2020), "Wasserstein-Distance-Based Temporal Clustering for Capacity-Expansion Planning in Power Systems," in IEEE International Conference on Smart Energy Systems and Technologies, Istanbul, Turkey (7-9 September 2020)
  8. Chen, Yihsu, Makoto Tanaka, and Afzal S. Siddiqui (2018), "A Leader-Follower Model for Tradable Performance-Based CO₂ Emissions Standards," in IEEE International Conference on Systems, Man, and Cybernetics, Miyazaki, Japan (7-10 October 2018)
  9. Siddiqui, Afzal S. and R. Takashima (2017), "Bouncing Back: Assessing the Resilience of Infrastructure Projects and the Use of Average Outage Factors," in 21st Annual International Real Options Conference, Boston, MA, USA (29 June-1 July 2017).
  10. Conejo, Antonio J., Luis Baringo, S. Jalal Kazempour, and Afzal S. Siddiqui (2016), Investment in Electricity Generation and Transmission: Decision Making under Uncertainty, Springer International Publishing, ISBN: 9783319294995.
  11. Chen, Yihsu, Makoto Tanaka, and Afzal S. Siddiqui (2016), "Tradable Performance-Based CO₂ Emissions Standards: Walking on Thin Ice?," in 39th International Conference Proceedings of the International Association for Energy Economics, Bergen, Norway (19-22 June 2016).
  12. Maurovich-Horvat, Lajos, Trine K. Boomsma, Stein-Erik Fleten, and Afzal S. Siddiqui (2013), "Transmission and Wind Investment in a Deregulated Electricity Industry," in 10th International Conference on the European Energy Market, Stockholm, Sweden (27-31 May 2013).
  13. Takashima, Ryuta, Afzal S. Siddiqui, and Shoji Nakada (2012), "Investment Timing, Capacity Sizing, and Technology Choice of Power Plants," in Handbook of Networks in Power Systems (A. Sorokin, S. Rebennack, N. Iliadis, M. Pereira, and P. Pardalos, eds.), Springer: 303-322.
  14. Siddiqui, Afzal S., Michael Stadler, Chris Marnay, and Judy Lai (2010), "Optimal Control of Distributed Energy Resources and Demand Response under Uncertainty," in 33rd International Conference Proceedings of the International Association for Energy Economics, Rio de Janeiro, Brazil (6-9 June 2010).
  15. Heydari, Somayeh and Afzal S. Siddiqui (2010), "Real Options Analysis of Multiple-Exercise Interruptible Load Contracts," in 5th Conference on Energy Economics and Technology, Dresden, Germany (16 April 2010).
  16. Marnay, Chris, Judy Lai, Michael Stadler, and Afzal S. Siddiqui (2009), "Added Value of Reliability to a Microgrid: Simulations of Three California Buildings," in Cigré-PES Symposium on Integration of Wide-Scale Renewable Resources into the Power Delivery System General Meeting PES, Calgary, AB, Canada (29-31 July 2009).
  17. Chronopoulos, Michail, Bert De Reyck, and Afzal S. Siddiqui (2009), "Optimal Investment and Operational Decision-Making under Risk Aversion and Uncertainty," in INFORMS MSOM and SIG Meetings, Cambridge, MA, USA (28-30 June 2009).
  18. Coville, Aidan, Afzal S. Siddiqui, and Klaus-Ole Vogstad (2009), "The Effect of Missing Data on Wind Resource Estimation," in 32nd International Conference Proceedings of the International Association for Energy Economics, San Francisco, CA, USA (21-24 June 2009).
  19. Stadler, Michael, Chris Marnay, Afzal S. Siddiqui, Judy Lai, and Hirohisa Aki (2009), "Integrated Building Energy Systems Design Considering Storage Technologies," in Proceedings of the 2009 European Council for an Energy Efficient Economy (ECEEE) Summer Study, paper #7301, La Colle sur Loup, France (1-6 June 2009).
  20. Stadler, Michael, Hirohisa Aki, Ryan Firestone, Judy Lai, Chris Marnay, and Afzal S. Siddiqui (2008), "Distributed Energy Resources On-Site Optimization for Commercial Buildings with Electric and Thermal Storage Technologies," in Proceedings of the 2008 American Council for an Energy Efficient Economy Summer Study, Pacific Grove, CA, USA (17-22 August 2008).
  21. Siddiqui, Afzal S. and Stein-Erik Fleten (2008), "How to Proceed with the Thorium Nuclear Technology: a Real Options Analysis," in 3rd Conference on Energy Economics and Technology, Dresden, Germany (11 April 2008).
  22. Siddiqui, Afzal S., Emily Bartholomew, Chris Marnay, and Shmuel S. Oren (2004), "Risk Aversion and the New York Independent System Operators Market for Transmission Congestion Contracts," in 6th European Conference Proceedings of the International Association for Energy Economics, Zurich, Switzerland (2-3 September 2004).
  23. Wiser, Ryan, Steven Pickle, and Afzal S. Siddiqui (2003), "The California Power Sector," in Principles of Electricity Economics: Regulation and Deregulation (T. Gómez and G. Rothwell, eds.), Wiley-IEEE Press: 129-160.
  24. Marnay, Chris, Kristina Hamachi, Mark Khavkin, and Afzal S. Siddiqui (2001), "Direct Participation of Electrical Loads in the California Independent System Operator Markets During the Summer of 2000," in Proceedings of the 2001 European Council for an Energy Efficient Economy (ECEEE) Summer Study, paper #5162, Mandelieu, France (11-16 June 2001).
  25. Siddiqui, Afzal S., Chris Marnay, Kristina Hamachi, and F. Javier Rubio (2001), "Customer Adoption of Small-Scale On-Site Power Generation," in Proceedings of the 2001 European Council for an Energy Efficient Economy (ECEEE) Summer Study, paper #2163, Mandelieu, France (11-16 June 2001).
  26. Siddiqui, Afzal S., Chris Marnay, and Mark Khavkin (2001), "Spot Pricing of Electricity and Ancillary Services in a Competitive California Market," in Proceedings of the 34th Hawaii International Conference on System Sciences, Maui, HI, USA (3-6 January 2001).
  27. Siddiqui, Afzal S., Chris Marnay, and Mark Khavkin (2000), "Competitive Ancillary Service Procurement in California," in Energieinnovation im liberalisierten markt (K. Friedrich and W. Wallner, eds.), Graz, Austria (1-2 February 2000).

Technical Reports

  1. Siddiqui, Afzal S. and Chris Marnay, "Addressing an Uncertain Future Using Scenario Analysis," Lawrence Berkeley National Laboratory Report, Berkeley, CA, USA (January 2007).
  2. Siddiqui, Afzal S., Equilibrium Analysis of Forward Markets for Electricity and Reserves, PhD thesis, Department of Industrial Engineering and Operations Research, University of California, Berkeley, CA, USA (May 2002).
  3. Edwards, Jennifer L., Chris Marnay, Emily Bartholomew, Boubékeur Ouaglal, Afzal S. Siddiqui, and Kristina LaCommare, "Assessment of mGrid Distributed Energy Resource Potential Using DER-CAM and GIS", Lawrence Berkeley National Laboratory Report LBNL-50132, Berkeley, CA, USA (January 2002).
  4. Siddiqui, Afzal S., Anibal de Almeida, Chris Marnay, and F. Javier Rubio, "The Implications of Carbon Taxation on Microgrid Adoption of Small-Scale On-Site Power Generation Using a Multi-Criteria Approach," Lawrence Berkeley National Laboratory Report LBNL-49309, Berkeley, CA, USA (December 2001).
  5. Marnay, Chris, Joseph Chard, Kristina Hamachi, Timothy Lipman, Mithra Moezzi, Boubékeur Ouaglal, and Afzal S. Siddiqui, "Modeling of Customer Adoption of Distributed Energy Resources," Lawrence Berkeley National Laboratory Report LBNL-49582, Berkeley, CA, USA (August 2001).
  6. Rubio, F. Javier, Afzal S. Siddiqui, Chris Marnay, and Kristina Hamachi, "CERTS Customer Adoption Model," Lawrence Berkeley National Laboratory Report LBNL-47772, Berkeley, CA, USA (March 2001).
  7. Siddiqui, Afzal S., Chris Marnay and Mark Khavkin, "Design of a CERTS Database," Lawrence Berkeley National Laboratory Report LBNL-45821, Berkeley, CA, USA (April 2000).
  8. Gómez, Tomás, Chris Marnay, Afzal S. Siddiqui, Lucy Liew, and Mark Khavkin, "Ancillary Services Markets in California," Lawrence Berkeley National Laboratory Report LBNL-43986, Berkeley, CA, USA (July 1999).

Editorials, Letters, and Other Non-Refereed Publications

  1. Siddiqui, Afzal S. (2021), "The Real Lesson of Sweden’s Laissez-Faire COVID-19 Response," IEEE Spectrum, Tech Talk, 26 February.
  2. Siddiqui, Afzal S., Ramteen Sioshansi, and Antonio J. Conejo (2018), "Merchant Storage Investment in a Restructured Electricity Industry," IAEE Energy Forum, Special Issue: 15-16.
  3. Fleten, Stein-Erik, Daniel Kuhn, and Afzal S. Siddiqui (2016), "Computational Management Science Special Issue on Optimisation Methods and Applications in the Energy Sector," Computational Management Science 13(1): 1-3.
  4. Siddiqui, Afzal S. (2015), "Smiling Buddha," Foreign Affairs, November/December issue.
  5. Groissböck, Markus, Emilio López, Eugenio Perea, Afzal S. Siddiqui, and Adrian Werner (2013), "Improving Energy Efficiency and Risk Management in EU Public Buildings," IAEE Energy Forum, Second Quarter: 1720.
  6. Green, Richard J., Benjamin F. Hobbs, Shmuel S. Oren, and Afzal S. Siddiqui (2010), "Policymaking Benefits and Limitations from Using Financial Methods and Modelling in Electricity Markets," Energy Economics 32(4): 749-750.
  7. Siddiqui, Afzal S. and Chung-Li Tseng (2007), "E-Business Applications in the Energy Sector," International Journal of Electronic Business Management 5(4): 319.


Contact

Name and title: Afzal SiddiquiProfessor

Mail: asiddiq@dsv.su.se
Phone: +468161385

ORCID0000-0003-1841-1310 Länk till annan webbplats.

Workplace: Department of Computer and Systems Sciences Länk till annan webbplats.

Visiting address Nodhuset, Borgarfjordsgatan 12

Postal address Institutionen för data- och systemvetenskap164 25 Kista

Research group

Energy Systems

Climate change has spurred the decarbonisation of energy sectors. Yet, a viable pathway to reducing CO₂ emissions requires balancing conflicting economic and environmental aims. Our research group leverages state-of-the-art methodology to develop models for decision and policy support.

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