BestExercisingCost.m from Procuring load curtailment from local customers under uncertainty
datasetposted on 07.06.2017, 09:48 by Aleksandar Mijatović, John Moriarty, Jure Vogrinc
Demand side response (DSR) provides a flexible approach to managing constrained power network assets. This is valuable if future asset utilization is uncertain. However there may be uncertainty over the process of procurement of DSR from customers. In this context we combine probabilistic modelling, simulation and optimization to identify economically optimal procurement policies from heterogeneous customers local to the asset, under chance constraints on the adequacy of the procured DSR. Mathematically this gives rise to a search over permutations, and we provide an illustrative example implementation and case study.This article is part of the themed issue ‘Energy management: flexibility, risk and optimization’.