Title :
Optimal operation of a virtual power plant with risk management
Author :
Taheri, H. ; Rahimi-Kian, A. ; Ghasemi, H. ; Alizadeh, B.
Author_Institution :
SNL/CIPCE, Univ. of Tehran, Tehran, Iran
Abstract :
In the evolving smart power systems (or smart grids), distributed generators (DG) and virtual power plants (VPP) have major roles in providing electric energy for microgrids. This paper studies the optimal operation of a VPP in a microgrid considering the uncertainties of the energy and fuel prices and managing the variance/risk of the VPP´s profit with respect to these uncertainties. The proposed mathematical programming for the optimization of a VPP´s operation is applied to a typical microgrid and the numerical results are presented and analyzed.
Keywords :
distributed power generation; mathematical programming; power plants; pricing; risk management; smart power grids; VPP profit; distributed generators; electric energy; energy prices; fuel prices; mathematical programming; optimal operation; optimization; risk management; smart grids; smart power systems; typical microgrid; virtual power plant; Batteries; Cogeneration; Electricity; Resistance heating; Thermal loading; Uncertainty; risk assessment and management; scenario reduction technique; self-scheduling; smart microgrid; virtual power plant (VPP);
Conference_Titel :
Innovative Smart Grid Technologies (ISGT), 2012 IEEE PES
Conference_Location :
Washington, DC
Print_ISBN :
978-1-4577-2158-8
DOI :
10.1109/ISGT.2012.6175615
