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

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dc.citedby6
dc.contributor.authorMuhamad Razali N.M.en_US
dc.contributor.authorHashim A.H.en_US
dc.contributor.authorid36440450000en_US
dc.contributor.authorid24447656300en_US
dc.date.accessioned2023-12-29T07:53:15Z
dc.date.available2023-12-29T07:53:15Z
dc.date.issued2009
dc.description.abstractThe 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 reliability which require extensive risk based decision making processes for optimal operational strategies. By using the characteristics of a particular market and weather data, the spot price is modelled using Ornstein-Uhlenbeck mean-reverting stochastic differential equation while the wind turbine generation employed Weibull distributed wind profile. Monte-Carlo simulations with different proportions of customers classified as premier, normal and interruptible loads with heterogeneous tariffs are performed to evaluate the ratio of expected profit to expected cost of energy procurement, Cash Flow at Risk and Expected Shortfall. �2009 IEEE.en_US
dc.description.natureFinalen_US
dc.identifier.ArtNo5429520
dc.identifier.scopus2-s2.0-77951708106
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-77951708106&partnerID=40&md5=22e8c9c9fd89d573c280f931ceb8c78f
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/30786
dc.sourceScopus
dc.sourcetitleProceedings of the Universities Power Engineering Conference
dc.subjectMicrogrid
dc.subjectOperational strategies
dc.subjectRisks
dc.subjectCommerce
dc.subjectCosts
dc.subjectDecision making
dc.subjectDifferential equations
dc.subjectEnergy management
dc.subjectProfitability
dc.subjectWind power
dc.subjectCash flow
dc.subjectDistributed Generation
dc.subjectEnergy demands
dc.subjectEnergy procurement
dc.subjectExpected costs
dc.subjectExpected profits
dc.subjectExpected shortfall
dc.subjectInterruptible load
dc.subjectMicro grid
dc.subjectMonte Carlo Simulation
dc.subjectOperational decisions
dc.subjectOperational strategies
dc.subjectOrnstein-Uhlenbeck
dc.subjectRisk based decision making
dc.subjectSpot price
dc.subjectStochastic differential equations
dc.subjectSystem reliability
dc.subjectWeather data
dc.subjectWeibull
dc.subjectWind profiles
dc.subjectWind-turbine generation
dc.subjectMesh generation
dc.titleMicrogrid operational decisions based on CFaR with wind power and pool prices uncertaintiesen_US
dc.typeConference paperen_US
dspace.entity.typePublication
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