Robust Energy Procurement Of Large Electricity Consumers
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Robust Energy Procurement Of Large Electricity Consumers
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Author : Sayyad Nojavan
language : en
Publisher: Springer
Release Date : 2018-12-11
Robust Energy Procurement Of Large Electricity Consumers written by Sayyad Nojavan and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-11 with Business & Economics categories.
This book identifies the challenges faced by large electricity consumers when they use several sources to procure their energy. The huge penetration of distributed energy resources and the intermittent nature of renewables can put the operations of the large electricity consumer at risk. The book discusses the different types of energy sources including the pool market, bilateral contracts, electrical vehicles, energy storage systems, and demand response programs in detail and presents solutions for robust and risk based scheduling. The author provides models for determining and considering uncertainties and optimal bidding strategies. The book is useful to engineers and students involved in the integration of various energy types as well as those working in state and federal governmental organizations who regulate different aspects of electricity market operation and planning. Presents solutions for robust and risk based scheduling; Discusses the operation and planning of energy storage systems; Presents the most-up-to-date technological approaches to energy integration.
Uncertainties In Modern Power Systems
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Author : Ahmed F. Zobaa
language : en
Publisher: Academic Press
Release Date : 2020-10-26
Uncertainties In Modern Power Systems written by Ahmed F. Zobaa and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-26 with Technology & Engineering categories.
Uncertainties in Modern Power Systems combines several aspects of uncertainty management in power systems at the planning and operation stages within an integrated framework. This book provides the state-of-the-art in electric network planning, including time-scales, reliability, quality, optimal allocation of compensators and distributed generators, mathematical formulation, and search algorithms. The book introduces innovative research outcomes, programs, algorithms, and approaches that consolidate the present status and future opportunities and challenges of power systems. The book also offers a comprehensive description of the overall process in terms of understanding, creating, data gathering, and managing complex electrical engineering applications with uncertainties. This reference is useful for researchers, engineers, and operators in power distribution systems. Includes innovative research outcomes, programs, algorithms, and approaches that consolidate current status and future of modern power systems Discusses how uncertainties will impact on the performance of power systems Offers solutions to significant challenges in power systems planning to achieve the best operational performance of the different electric power sectors
Robust Optimal Planning And Operation Of Electrical Energy Systems
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Author : Behnam Mohammadi-ivatloo
language : en
Publisher: Springer
Release Date : 2019-02-06
Robust Optimal Planning And Operation Of Electrical Energy Systems written by Behnam Mohammadi-ivatloo and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-06 with Technology & Engineering categories.
This book discusses the recent developments in robust optimization (RO) and information gap design theory (IGDT) methods and their application for the optimal planning and operation of electric energy systems. Chapters cover both theoretical background and applications to address common uncertainty factors such as load variation, power market price, and power generation of renewable energy sources. Case studies with real-world applications are included to help undergraduate and graduate students, researchers and engineers solve robust power and energy optimization problems and provide effective and promising solutions for the robust planning and operation of electric energy systems.
Robust Optimization In Electric Energy Systems
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Author : Xu Andy Sun
language : en
Publisher: Springer Nature
Release Date : 2021-11-08
Robust Optimization In Electric Energy Systems written by Xu Andy Sun and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-08 with Business & Economics categories.
This book covers robust optimization theory and applications in the electricity sector. The advantage of robust optimization with respect to other methodologies for decision making under uncertainty are first discussed. Then, the robust optimization theory is covered in a friendly and tutorial manner. Finally, a number of insightful short- and long-term applications pertaining to the electricity sector are considered. Specifically, the book includes: robust set characterization, robust optimization, adaptive robust optimization, hybrid robust-stochastic optimization, applications to short- and medium-term operations problems in the electricity sector, and applications to long-term investment problems in the electricity sector. Each chapter contains end-of-chapter problems, making it suitable for use as a text. The purpose of the book is to provide a self-contained overview of robust optimization techniques for decision making under uncertainty in the electricity sector. The targeted audience includes industrial and power engineering students and practitioners in energy fields. The young field of robust optimization is reaching maturity in many respects. It is also useful for practitioners, as it provides a number of electricity industry applications described up to working algorithms (in JuliaOpt).
Risk Based Energy Management
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Author : Sayyad Nojavan
language : en
Publisher: Academic Press
Release Date : 2019-07-20
Risk Based Energy Management written by Sayyad Nojavan and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-20 with Technology & Engineering categories.
Risk-Based Energy Management: DC, AC and Hybrid AC-DC Microgrids defines the problems and challenges of DC, AC and hybrid AC-DC microgrids and considers the right tactics and risk-based scheduling to tackle them. The book looks at the intermittent nature of renewable generation, demand and market price with the risk to DC, AC and hybrid AC-DC microgrids, which makes it relevant for anyone in renewable energy demand and supply. As utilization of distributed energy resources and the intermittent nature of renewable generations, demand and market price can put the operation of DC, AC and hybrid AC-DC microgrids at risk, this book presents a timely resource. Discusses both the challenges and solutions surrounding DC, AC and hybrid AC-DC microgrids Proposes robust scheduling of DC, AC and hybrid AC-DC microgrids under uncertain environments Includes modeling upstream grid prices, renewable resources and intermittent load in the decision-making process of DC, AC and hybrid AC-DC microgrids
Demand Response Application In Smart Grids
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Author : Sayyad Nojavan
language : en
Publisher: Springer Nature
Release Date : 2020-02-18
Demand Response Application In Smart Grids written by Sayyad Nojavan and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-18 with Business & Economics categories.
This book analyzes the economic and technical effects of demand response programs in smart grids. A variety of operational and financial benefits are offered by demand response programs (DRPs) for load-serving entities, grid operators, and electricity consumers. The most notable advantages of DRPs are presented in this book, including decreased electricity prices, risk management, market power mitigation, and flexibility of market operations. In-depth chapters discuss the integration of demand response programs for the planning and operation of smart grids and explore the uncertainties of market prices, renewable resources and intermittent load management, making this a useful reference for a variety of different organizations and players in the electricity market, such as reliability organizations, distribution companies, transmission companies, and electric end-users.
Integration Of Clean And Sustainable Energy Resources And Storage In Multi Generation Systems
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Author : Farkhondeh Jabari
language : en
Publisher: Springer Nature
Release Date : 2020-07-09
Integration Of Clean And Sustainable Energy Resources And Storage In Multi Generation Systems written by Farkhondeh Jabari and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-09 with Technology & Engineering categories.
This book presents design principles, performance assessment and robust optimization of different poly-generation systems using renewable energy sources and storage technologies. Uncertainties associated with demands or the intermittent nature of renewables are considered in decision making processes. Economic and environmental benefits of these systems in comparison with traditional fossil fuels based ones are also provided. Case studies, numerical results, discussions, and concluding remarks have been presented for each proposed system/strategy. This book is a useful tool for students, researchers, and engineers trying to design and evaluate different zero-energy and zero-emission stand-alone grids.
Electricity Markets
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Author : Sayyad Nojavan
language : en
Publisher: Springer Nature
Release Date : 2020-03-10
Electricity Markets written by Sayyad Nojavan and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-10 with Business & Economics categories.
This book analyzes new electricity pricing models that consider uncertainties in the power market due to the changing behavior of market players and the implementation of renewable distributed generation and responsive loads. In-depth chapters examine the different types of market players including the generation, transmission, and distribution companies, virtual power plants, demand response aggregators, and energy hubs and microgrids. Expert authors propose optimal operational models for short-term performance and scheduling and present readers with solutions for pricing challenges in uncertain environments. This book is useful for engineers, researchers and students involved in integrating demand response programs into smart grids and for electricity market operation and planning. Proposes optimal operation models; Discusses the various players in today's electricity markets; Describes the effects of demand response programs in smart grids.
Online Optimization And Decision Making Problems Under Uncertainty In The Power Systems
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Author : Yutong Wu
language : en
Publisher:
Release Date : 2023
Online Optimization And Decision Making Problems Under Uncertainty In The Power Systems written by Yutong Wu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
Online optimization addresses problems whose input is incomplete. To solve online optimization problems, the decision maker needs to invent algorithms or mechanisms under uncertainty and achieve a performance comparable to when the information is completely given. The power system, non-surprisingly, is an area rich in online problems. In particular, the expanding use of renewable energy, including wind and solar, has imposed great uncertainty and new challenges on the power grid. Recent large-scale power blackouts also raise discussions about improving stability and fairness in the scheduling of electricity generation. To address these emerging issues, novel online optimization tools catered for the power grid must be considered. In this Ph.D. dissertation, we aim to use online optimization techniques to solve decision-making problems in power systems, when different kinds of uncertainty are present. We choose three emerging online problems in the power systems that can greatly benefit from the proposed optimization frameworks, either in promoting equity among electricity consumers or enhancing the resilience of the existing power infrastructure. Moreover, the invented online algorithms and mechanisms have utilities beyond the power systems and can be used for general online problems in other application areas. The first problem is related to the inequity in the net metering billing scheme that is currently adopted in the electricity market. The growing number of energy prosumers (e.g., solar panel owners), whose gross power consumption is hidden from the public, has been shifting the grid costs to traditional energy consumers, causing great unfairness. We study a penalty mechanism that incentivizes prosumers to report their true consumption, which results in a fairer pricing scheme than net metering. We model the problem as a repeated game with one or multiple players and provide the minimum penalty rates such that players voluntarily report their private value of electricity consumption. The second problem is to address the uncertainty in energy procurement where utility companies need to secure contracts with generators to fulfill the demand. The contracts arrive one by one during a time period and the utility company must decide irrevocably whether to accept the current contract or not. This is an application of the well-known prophet inequality problem. In the literature, the distribution of the value of the contract is known to the utility companies, which is hardly the case in practice. In this work, we consider the setting where the utility company can make a handful of queries to a distribution oracle and has to design algorithms to select the contract such that the value obtained is maximized. We give competitive ratios when two to five queries can be made. When only one query is allowed, we propose an alternative algorithm whose competitive ratio is strictly better than the one obtained from the single-threshold algorithm in the past literature. Finally, for the last problem, we study the classic unit commitment (UC) problem, the scheduling and dispatch of power generators subject to operating constraints so that the total cost is minimized. The UC problem is a special case of the more general location-allocation problems that have been widely adopted in application areas including disaster preparedness and supply chain management. We design a two-stage data-driven robust optimization framework to address general location-allocation problems with two types of uncertainties: the binary network uncertainty and the continuous unknown demand. Moreover, we add fairness constraints to the formulation such that the ratio of the allocated resources to demand is consistent across all regions. We provide tractable reformulations of the original problem and conduct numerical studies for an IEEE test system and the 2010 Yushu earthquake data set. Our simulation results show that the addition of network uncertainties and fairness constraints effectively improves equity and reduces costs
Research Anthology On Smart Grid And Microgrid Development
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Author : Management Association, Information Resources
language : en
Publisher: IGI Global
Release Date : 2021-09-24
Research Anthology On Smart Grid And Microgrid Development written by Management Association, Information Resources and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-24 with Technology & Engineering categories.
Smart grid and microgrid technology are growing exponentially as they are adopted throughout the world. These new technologies have revolutionized the way electricity is produced, delivered, and consumed, and offer a plethora of benefits as well as the potential for further growth. It is critical to examine the current stage of smart grid and microgrid development as well as the direction they are headed as they continue to expand in order to ensure that cost-effective, reliable, and efficient systems are put in place. The Research Anthology on Smart Grid and Microgrid Development is an all-encompassing reference source of the latest innovations and trends within smart grid and microgrid development. Detailing benefits, challenges, and opportunities, it is a crucial resource to fully understand the current opportunities that smart grids and microgrids present around the world. Covering a wide range of topics such as traditional grids, future smart grids, electrical distribution systems, and microgrid integration, it is ideal for engineers, policymakers, systems developers, technologists, researchers, government officials, academicians, environmental groups, regulators, utilities specialists, industry professionals, and students.