Abstract:This paper presents a novel stochastic planning framework for the integration of renewable distributed energy resources (DERs) into existing power systems without relying on new investments in the transmission networks. The upper-level problem of the proposed model aims at minimizing the total expected social cost of supplying demand that includes the expected cost of getting energy from conventional generating units and DERs, the congestion cost of transmission networks, and the greenhouse gas (GHG) emission … Show more
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