Stochastic Energy and Reserve Market in a Microgrid Environment

• Type: Article in International Conference Proceedings Book
• Date: 2019

Authors

Castro, D (Author) Other; Soares, T (Author) Other; Matos, M (Author) Other

Conference proceedings International

Title: 2019 IEEE Milan PowerTech

Indexing

ISI Web of Knowledge - 0 Citations

Scopus - 0 Citations

Other information

Authenticus ID: P-00R-387

DOI: 10.1109/ptc.2019.8810826

Abstract (EN): The continuous proliferation of distributed energy resources (DER), mainly from renewable energy sources (RES) is changing the operational planning of distribution grids. Microgrids (MGs) as a small part of distribution grids are characterized by their ability to partially/fully self-producing their energy needs, and for the ability to trade different energy products (e.g. energy and reserve). This paper, addresses the energy and reserve market problem within the MG environment considering the RES uncertain production. Thus, a two-stage stochastic programming was modelled, minimizing the energy and reserve costs of the MG operator. A DC Optimal Power Flow (OPF) was incorporated to mitigate potential congestion that may occur in the MG. The assessment of the model is carried out through a test case based on actual generation data, considering a 37-bus distribution grid. The performance and accuracy of the model is determined based on the expected value of perfect information (EVPI) and value of stochastic solution (VSS).

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 6