Microgrid operational decisions based on CFaR with wind power and pool prices uncertainties

Proceedings of the Universities Power Engineering Conference

Volumn , Issue , 2009, Pages

  Muhamad Razali, Noor Miza ^a   Hashim, Amir Hisham ^a  

^a Universiti Tenaga Nasional   (Malaysia)

Author keywords

Microgrid; Operational strategies; Risks

Indexed keywords

CASH FLOW; DISTRIBUTED GENERATION; ENERGY DEMANDS; ENERGY PROCUREMENT; EXPECTED COSTS; EXPECTED PROFITS; EXPECTED SHORTFALL; INTERRUPTIBLE LOAD; MICRO GRID; MONTE CARLO SIMULATION; OPERATIONAL DECISIONS; OPERATIONAL STRATEGIES; ORNSTEIN-UHLENBECK; RISK BASED DECISION MAKING; SPOT PRICE; STOCHASTIC DIFFERENTIAL EQUATIONS; SYSTEM RELIABILITY; WEATHER DATA; WEIBULL; WIND PROFILES; WIND-TURBINE GENERATION;

COMMERCE; COSTS; DECISION MAKING; DIFFERENTIAL EQUATIONS; ENERGY MANAGEMENT; PROFITABILITY; WIND POWER;

MESH GENERATION;

EID: 77951708106     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: None     Document Type: Conference Paper

References (12)

1. Y. Zoka, A. Sugimoto, N. Yorino, K. Kawahara and J. Kubokawa,"An economic evaluation for an autonomous independent network of distributed energy resources," Elect Power Syst. Research, vol. 77(7), pp. 831-838, May 2007.
2. H. Morais, P. Kádár, P. Faria, Z. A. Vale and H.M. Khodr,"Optimal scheduling of a renewable micro-grid in an isolated load area using mixed-integer linear programming," Renewable Energy, In Press.
3. E. Handschin, F. Neise, H. Neumann and R. Schultz,"Optimal operation of dispersed generation under uncertainty using mathematical programming," Int. J. of Electrical Power & Energy Systems, vol. 28(9), pp. 618-626, Nov 2006.
4. A.D. Hawkes, M.A. Leach,"Modelling high level system design and unit commitment for a microgrid," Appl Energy 2008, In Press.
5. A.R. Hatami, H. Seifi and M.K. Sheikh-El-Eslami,"Optimal selling price and energy procurement strategies for a retailer in an electricity market," Electric Power System Research, vol. 79(1), pp. 246-254, Jan 2009.
6. A. Henney and G. Keers,"Managing total corporate electricity/energy market risks," The Electricity Journal, vol. 11 (8), pp. 36-46, Oct 1998.
7. F. Bouffard, and F.D. Galiana,"Stochastic security for operations planning with significant wind power generation," IEEE Trans. on Power Syst., vol. 23(2), pp.306-316, May 2008.
8. C.L. Anderson and M. Davison, "A hybrid system-econometric model for electricity spot prices: considering spike sensitivity to forced outage distributions", IEEE Trans. on Power Systems, 23 (3), pp. 927-937, Aug. 2008.
9. I. Vehviläinen and J. Keppo, "Managing electricity market price risk," European J. of Operational Research, vol. 145(1), pp. 136-147, Feb. 2003.
10. J. H. McIntyre, W. D. Lubitz, and W. H. Stiver, "Wind Energy Resource Assessment Using Wind Atlas and Meteorological Data for the City of Guelph, Canada", online: http://www.ontario-sea.org/
11. th North American Power Symposium, pp. 337-341, Sept. 2007.
12. M.I. Blanco, "The economics of wind energy," Renewable and Sustainable Energy Rev., vol. 13(6-7), pp. 1372-1382, Aug-Sept 2009.