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

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

The paper investigates the case of a microgrid participating in a pool-type market to enable purchasing part of its energy demand from the grid. The market exposure subjects the ?grid to various risks including price, demand volume, non-dispatchable distributed generation output and system reliabili...

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Bibliographic Details
Main Authors: Muhamad Razali N.M., Hashim A.H.
Other Authors: 36440450000
Format: Conference paper
Published: 2023
Subjects:
Microgrid
Operational strategies
Risks
Commerce
Costs
Decision making
Differential equations
Energy management
Profitability
Wind power
Cash flow
Distributed Generation
Energy demands
Energy procurement
Expected costs
Expected profits
Expected shortfall
Interruptible load
Micro grid
Monte Carlo Simulation
Operational decisions
Ornstein-Uhlenbeck
Risk based decision making
Spot price
Stochastic differential equations
System reliability
Weather data
Weibull
Wind profiles
Wind-turbine generation
Mesh generation
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