Risk-aware microgrid operation and participation in the day-ahead electricity market

This work examines the daily bidding problem of a grid-connected microgrid with locally deployed resources for electricity generation, storage and its own electricity demand. Trading electricity in energy markets may offer economic incentives but exposes the microgrid to financial risk caused by mar...

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Bibliographic Details

Published in:	Advances in Applied Energy
Main Authors:	Robert Herding, Emma Ross, Wayne R. Jones, Elizabeth Endler, Vassilis M. Charitopoulos, Lazaros G. Papageorgiou
Format:	Article
Language:	English
Published:	Elsevier 2024-09-01
Subjects:	Mixed-integer linear programming Stochastic programming Scenario reduction Microgrid Conditional value-at-risk Day-ahead market
Online Access:	http://www.sciencedirect.com/science/article/pii/S2666792424000180