Dynamic Real-Time Optimization of Microgrids with Day-Ahead Commitments for External Power Exchange

Michael Zachar, Prodromos Daoutidis

Research output: Chapter in Book/Report/Conference proceedingChapter

3 Scopus citations

Abstract

This paper explores the stochastic scheduling of microgrids where energy exchange with the macrogrid is constrained by day-ahead commitments. These constraints are included to reduce the added cost to distribution system operators, associated with the integration and operation of behind-the-meter generation. Chance-constrained optimization is used to minimize operational cost and meet the energy exchange commitments. The problem is transformed into a mixed integer linear program, and is used to analyze the impact of risk aversion on microgrid operating cost and renewables curtailment.

Original languageEnglish (US)
Title of host publication26 European Symposium on Computer Aided Process Engineering, 2016
EditorsZdravko Kravanja, Milos Bogataj
PublisherElsevier B.V.
Pages103-108
Number of pages6
ISBN (Print)9780444634283
DOIs
StatePublished - Jan 1 2016

Publication series

NameComputer Aided Chemical Engineering
Volume38
ISSN (Print)1570-7946

Keywords

  • Chance Constrained Optimization
  • Dynamic Real-Time Optimization
  • Microgrid
  • Stochastic Scheduling

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    Zachar, M., & Daoutidis, P. (2016). Dynamic Real-Time Optimization of Microgrids with Day-Ahead Commitments for External Power Exchange. In Z. Kravanja, & M. Bogataj (Eds.), 26 European Symposium on Computer Aided Process Engineering, 2016 (pp. 103-108). (Computer Aided Chemical Engineering; Vol. 38). Elsevier B.V.. https://doi.org/10.1016/B978-0-444-63428-3.50022-9