Financial Opportunities by Implementing Renewable Sources and Storage Devices for Households Under ERCOT Demand Response Programs Design

2014 ◽  
Vol 50 (4) ◽  
pp. 2780-2787 ◽  
Author(s):  
Meng Liu ◽  
Wei-Jen Lee ◽  
Lyndon K. Lee
Energies ◽  
2019 ◽  
Vol 12 (23) ◽  
pp. 4414 ◽  
Author(s):  
Xing ◽  
Lin ◽  
Tan ◽  
Ju

To promote the utilization of distributed resources, this paper proposes a concept of a micro energy system (MES) and its core structure with energy production, conversion, and storage devices. In addition, the effect of demand–response on the operation of a MES is studied. Firstly, based on uncertainties of a MES, a probability distribution model is introduced. Secondly, with the objectives of maximizing operating revenue, and minimizing operational risk and carbon emissions, a multi-objective coordinated dispatching optimization model was constructed. To solve this model, this paper linearizes objective functions and constraints via fuzzy satisfaction theory, then establishes the input–output matrix of the model and calculates the optimal weight coefficients of different objective functions via the rough set method. Next, a comprehensive dispatching optimization model was built. Finally, data from a MES in Longgang commercial park, Shenzhen City, were introduced for a case study, and the results show that: (1) A MES can integrate different types of energy, such as wind, photovoltaics, and gas. A multi-energy cycle is achieved via energy conversion and storage devices, and different energy demands are satisfied. Demand–response from users in a MES achieves the optimization of source–load interaction. (2) The proposed model gives consideration to the multi-objectives of operating revenue, operational risk, and carbon emissions, and its optimal strategy is obtained by using the proposed solution algorithm. (3) Sensitivity analysis results showed that risks can be avoided, to varying degrees, via reasonable setting of confidence. Price-based demand–response and maximum total emission allowances can be used as indirect factors to influence the energy supply structure of a MES. In summary, the proposed model and solution algorithm are effective tools for different decision makers to conceive of dispatching strategies for different interests.


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