Stochastic optimisation model to determine the optimal contractual capacity of a distributed energy resource offered in a balancing services contract to maximise profit

Rai, Ussama; Oluleye, Gbemi; Hawkes, Adam

doi:10.1016/j.egyr.2024.05.049

Energy Reports

2024

DOI: 10.1016/j.egyr.2024.05.049

|View full text |Cite

Stochastic optimisation model to determine the optimal contractual capacity of a distributed energy resource offered in a balancing services contract to maximise profit

Ussama Rai,

Gbemi Oluleye,

Adam Hawkes

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2024

Publication Types

Select...

Article1

Relationship

Self Cite0

Independent1

Authors

Journals

Cited by 1 publication

References 53 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

Consideration of system security criteria in the models of power system unit commitment

Dobrynina,

Krupenev

2024

jour

View full text Add to dashboard Cite

The study aims to analyze the unit commitment models and mechanisms that are used in the wholesale electricity and capacity market in Russia and other countries, as well as to consider the methods and criteria for taking into account the system security constraints in these models. The subject matter of the study includes energy systems: wholesale energy and capacity markets in Russia, the United Kingdom, EU countries, Australia, and the United States of America. In this work, various scientific information sources were collected and analytically reviewed. The study considers the performance framework of the wholesale electricity and capacity market in different countries and the main control mechanisms in solving the unit commitment problem, as well as studying and analyzing the legal and regulatory framework in solving optimization problems. It is shown that within the domestic model, the Russian Power System Operator conducts unit commitment according to the submitted price bids, taking into account the needs of the market and the energy system balance. The considered and analyzed unit commitment scheme adopted in the Russian electric power industry fails to take full account of system security, which prompts further study of this issue. The performed comparative analysis of principles underlying the performance of models and the specifics of solving unit commitment problems revealed the strengths and weaknesses in the approaches adopted in different countries both in terms of the legislation and models. The conducted analytical study helped to formulate the key points for each model that can be used to solve the unit commitment problem.

show abstract

Consideration of system security criteria in the models of power system unit commitment

Dobrynina,

Krupenev

2024

jour

View full text Add to dashboard Cite

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Stochastic optimisation model to determine the optimal contractual capacity of a distributed energy resource offered in a balancing services contract to maximise profit

Cited by 1 publication

References 53 publications

Consideration of system security criteria in the models of power system unit commitment

Consideration of system security criteria in the models of power system unit commitment

Contact Info

Product

Resources

About