Abstract
In this paper a new method is presented to achieve economic exploitation and proper usage of network capacity by exerting controlling actions over flexible loads and energy storage (ES) equipment. Multi-objective planning for demand response programs (DRP) and battery management policies is carried out by considering energy not supplied (ENS). In order to achieve an optimal scheduling, charge/discharge control for batteries, demand response programs and dispatch of controllable distributed generations (DGs) are also considered. Then, the balanced cost and benefits of participants are evaluated. As a whole, the main objective of this paper is to manage the load and energy storage options in a smart grid to reduce ENS, to minimize overall operation cost and to maximize DG operators’ (DGOs) profit. These goals are obtained by considering ENS cost in a multi-objective optimization problem. Distribution company (DisCo) modifies energy cost as a signal for DGO in order to coordinate with each other. So, behavior of DGO is based on modified energy price applied by upstream system considering ENS price.
Original language | English |
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Title of host publication | Proceedings of 43rd Annual Conference of the IEEE Industrial Electronics Society, IECON 2017 |
Number of pages | 6 |
Publisher | IEEE Press |
Publication date | Oct 2017 |
Pages | 26-31 |
ISBN (Electronic) | 978-1-5386-1127-2 |
DOIs | |
Publication status | Published - Oct 2017 |
Event | 43rd Annual Conference of the IEEE Industrial Electronics Society, IECON 2017 - Beijing, China Duration: 29 Oct 2017 → 1 Nov 2017 |
Conference
Conference | 43rd Annual Conference of the IEEE Industrial Electronics Society, IECON 2017 |
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Country/Territory | China |
City | Beijing |
Period | 29/10/2017 → 01/11/2017 |
Sponsor | Chinese Association of Automation (CAA), Chinese Power Supply Society, et al., IEEE Industrial Electronics Society (IES), Systems Engineering Society of China, The Institute of Electrical and Electronics Engineers (IEEE) |
Keywords
- Smart grid
- Operational planning
- Demand response programs
- Energy storage
- Multi-objective optimization