NDLI: Stochastic security and risk-constrained scheduling for an autonomous microgrid with demand response and renewable energy resources

Content Provider	IET Digital Library
Author	Dahraie, Mostafa Vahedipour Kermani, Homa Rashidizadeh Najafi, Hamid Reza Moghaddam, Amjad Anvari Guerrero, Josep M.
Abstract	Increasing penetration of intermittent renewable energy sources and the development of advanced information give rise to questions on how responsive loads can be managed to optimise the use of resources and assets. In this context, demand response as a way for modifying the consumption pattern of customers can be effectively applied to balance the demand and supply in electricity networks. This study presents a novel stochastic model from a microgrid (MG) operator perspective for energy and reserve scheduling considering risk management strategy. It is assumed that the MG operator can procure energy from various sources, including local generating units and demand-side resources to serve the customers. The operator sells electricity to customers under real-time pricing scheme and the customers response to electricity prices by adjusting their loads to reduce consumption costs. The objective is to determine the optimal scheduling with considering risk aversion and system frequency security to maximise the expected profit of operator. To deal with various uncertainties, a risk-constrained two-stage stochastic programming model is proposed where the risk aversion of MG operator is modelled using conditional value at risk method. Extensive numerical results are shown to demonstrate the effectiveness of the proposed framework.
Starting Page	1812
Ending Page	1821
Page Count	10
ISSN	17521416
Volume Number	11
e-ISSN	17521424
Issue Number	Issue 14, Dec (2017)
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/iet-rpg/11/14
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/10.1049/iet-rpg.2017.0168
Journal	IET Renewable Power Generation
Publisher Date	2017-09-15
Access Restriction	Open
Rights Holder	© The Institution of Engineering and Technology
Subject Keyword	Autonomous Microgrid Consumption Pattern Demand And Supply Demand Response Demand Side Management Distributed Power Generation Electricity Network Energy ReSource Intermittent Renewable Energy Source MG Operator Microgrid Operator Optimal Scheduling Optimisation Technique Power Generation Economics Power Generation Scheduling Power System Economics Power System Managemen Power System Operation Pricing Real-time Pricing Scheme Renewable Energy Source Reserve Scheduling Risk Aversion Risk Constrained Two-stage Stochastic Programming Model Risk Management Risk Management Strategy Risk-constrained Scheduling Stochastic Programming Stochastic Security Supply And Demand System Frequency Security
Content Type	Text
Resource Type	Article
Subject	Renewable Energy, Sustainability and the Environment

Sl.	Authority	Responsibilities	Communication Details
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
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Evaluation of reliability in risk-constrained scheduling of autonomous microgrids with demand response and renewable resources

Risk-averse energy management system for isolated microgrids considering generation and demand uncertainties based on information gap decision theory

Hourly demand response in day-ahead scheduling for managing the variability of renewable energy

Risk-averse bidding of energy and spinning reserve by wind farms with on-site energy storage

Demand response based day-ahead scheduling and battery sizing in microgrid management in rural areas

Management of renewable-based multi-energy microgrids in the presence of electric vehicles

Risk-constrained energy management of PV integrated smart energy hub in the presence of demand response program and compressed air energy storage

Operating mechanism for profit improvement of a smart microgrid based on dynamic demand response

Power system flexibility improvement with a focus on demand response and wind power variability

Stochastic security and risk-constrained scheduling for an autonomous microgrid with demand response and renewable energy resources

Similar Documents

Evaluation of reliability in risk-constrained scheduling of autonomous microgrids with demand response and renewable resources

Risk-averse energy management system for isolated microgrids considering generation and demand uncertainties based on information gap decision theory

Hourly demand response in day-ahead scheduling for managing the variability of renewable energy

Risk-averse bidding of energy and spinning reserve by wind farms with on-site energy storage

Demand response based day-ahead scheduling and battery sizing in microgrid management in rural areas

Management of renewable-based multi-energy microgrids in the presence of electric vehicles

Risk-constrained energy management of PV integrated smart energy hub in the presence of demand response program and compressed air energy storage

Operating mechanism for profit improvement of a smart microgrid based on dynamic demand response

Power system flexibility improvement with a focus on demand response and wind power variability

Stochastic security and risk-constrained scheduling for an autonomous microgrid with demand response and renewable energy resources