Back to Search Start Over

A Stochastic Decision-Making Tool Suite for Distributed Energy Resources Integration in Energy Markets.

Authors :
Cantillo-Luna, Sergio
Moreno-Chuquen, Ricardo
Celeita, David
Anders, George J.
Source :
Energies (19961073). May2024, Vol. 17 Issue 10, p2419. 28p.
Publication Year :
2024

Abstract

Energy markets are crucial for integrating Distributed Energy Resources (DER) into modern power grids. However, this integration presents challenges due to the inherent variability and decentralized nature of DERs, as well as poorly adapted regulatory environments. This paper proposes a medium-term decision-making approach based on a comprehensive suite of computational tools for integrating DERs into Colombian energy markets. The proposed framework consists of modular tools that are aligned with the operation of a Commercial Virtual Power Plant (CVPP). The tools aim to optimize participation in bilateral contracts and short-term energy markets. They use forecasting, uncertainty management, and decision-making modules to create an optimal portfolio of DER assets. The suite's effectiveness and applicability are demonstrated and analyzed through its implementation with heterogeneous DER assets across various operational scenarios. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
19961073
Volume :
17
Issue :
10
Database :
Academic Search Index
Journal :
Energies (19961073)
Publication Type :
Academic Journal
Accession number :
177490047
Full Text :
https://doi.org/10.3390/en17102419