Owing to the call for energy efficiency, the need to optimize the energy consumption of commercial buildings-- responsible for over 40% of US energy consumption--has recently gained significant attention. Moreover, the ability to participate in the retail electricity markets through proactive demand-side participation has recently led to development of economic model predictive control (EMPC) for building's Heating, Ventilation, and Air Conditioning (HVAC) system. The objective of this paper is to develop a price-sensitive operational model for building's HVAC systems while considering inflexible loads and other distributed energy resources (DERs) such as photovoltaic (PV) generation and battery storage for the buildings. A Nonlinear Economic Model Predictive Controller (NL-EMPC) is presented to minimize the net cost of energy usage by building's HVAC system while satisfying the comfort-level of building's occupants. The efficiency of the proposed NL-EMPC controller is evaluated using several simulation case studies.

This paper provides a literature review of methods and modeling techniques to estimate the cost of power system outages, along with the value of outage mitigation or system resilience. Regulators, policymakers, and infrastructure owners have a growing need to understand the methods for estimating the benefits of resilience improvements of electric infrastructure against natural and man-made disasters. There is a broad literature that estimates the cost of short-duration outages and a small but developing literature on estimating the cost of long-duration outages. This article reviews the models used to estimate the cost of outages and discusses their relative strengths. Additionally, this paper identifies key questions from stakeholders regarding resilience investment and maps them to the relevant models that would help answer them. We include recommendations for future work to include recent advances in regional economic modeling that can estimate region and demographic-specific costs and the distributional consequences of potential resilience projects.