2021
DOI: 10.3233/jifs-201284
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Coordinated energy management strategy in scheme of flexible grid-connected hubs participating in energy and reserve markets

Abstract: This paper uses the coordinated energy management strategy for different sources and storages in the framework of flexible grid-connected energy hubs that participate in the day-ahead (DA) energy and reserve markets. In the base problem, this method maximizes the difference between the expected revenue of hubs gained by selling energy and reserve power in the proposed markets and the expected cost of lost flexibility (COLF). Also, it is subject to linearized optimal power flow (LOPF) equations in the electrici… Show more

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Cited by 4 publications
(1 citation statement)
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“…The uncertainties of wind speed and electricity prices are handled by SP and RO respectively, in [44], where the main objective is to minimize the total operation cost of the EH. Reference [56] considers EVs' uncertainty parameters using RO, whereas the uncertainties of demands, market prices, reserve requirements, and renewable power are handled via SP. Among other works, [36], [39], [45], [46] have utilized SP to deal with the uncertainty of wind power (or PV generation), while deploying RO to cope with the worst-case realization of electricity market prices.…”
Section: A Combination Of Sp and Romentioning
confidence: 99%
“…The uncertainties of wind speed and electricity prices are handled by SP and RO respectively, in [44], where the main objective is to minimize the total operation cost of the EH. Reference [56] considers EVs' uncertainty parameters using RO, whereas the uncertainties of demands, market prices, reserve requirements, and renewable power are handled via SP. Among other works, [36], [39], [45], [46] have utilized SP to deal with the uncertainty of wind power (or PV generation), while deploying RO to cope with the worst-case realization of electricity market prices.…”
Section: A Combination Of Sp and Romentioning
confidence: 99%