NDLI: Assessment of electricity price uncertainty impact on the operation of multi-carrier energy systems

Content Provider	IET Digital Library
Author	Zarif, Mahdi Khaleghi, Sadegh Javidi, Mohammad Hossein
Abstract	Today, there are serious trends to use all potentials of the available energy carriers through the concept of energy hubs. However, different types of inherent uncertainties in these systems are the main challenge for utilisation of energy hubs. Furthermore, a framework is presented to analyse the multi-carrier energy systems under five zones of uncertainty in order to achieve the maximum electricity profits. For example, it is shown that the profit of the system is <8.5% despite the 50% of uncertainty in the state without combined heat and power (CHP) while system earns a profit of at least 12.8 in the state with CHP. The Monte Carlo simulation method has used to generate different scenarios. The proposed design methodology decides on which model is suitable for hub. It includes detailed models for transducer performance and hub using the mean and variance of profits and assess of their impact individually. The model also considers information on energy products used as per-unit form. Price and electricity markets have intended as in the day-ahead and real-time pricing with three types of tariffs during the day.
Starting Page	2586
Ending Page	2592
Page Count	7
ISSN	17518687
Volume Number	9
e-ISSN	17518695
Issue Number	Issue 16, Dec (2015)
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/iet-gtd/9/16
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/10.1049/iet-gtd.2015.0837
Journal	IET Generation, Transmission & Distribution
Publisher Date	2015-12-03
Access Restriction	Open
Rights Holder	© The Institution of Engineering and Technology
Subject Keyword	CHP Cogeneration Combined Heat And Power Electricity Market Electricity Price Assessment Electricity Profit Energy Hub Monte Carlo Method Monte Carlo Simulation Method Multicarrier Energy System Power Market Power System Economics Power System Managemen Power System Operation Pricing Sensing Device And Transducers Tariff Tariffs Thermal Power Stations And Plant Transducer Performance Transducers Uncertainty Impact
Content Type	Text
Resource Type	Article
Subject	Control and Systems Engineering Energy Engineering and Power Technology Electrical and Electronic Engineering

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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