An efficient reliability assessment approach for multiple energy systems based on shadow price

Abstract

This paper presents a new efficient reliability assessment method for multiple energy systems (MES) based on shadow price (SP). The coupling and interaction of multiple energy flows are quantitatively described by the energy hub (EB) model. The shadow price theory can accelerate the calculations of optimal load shedding in the reliability assessment for MES. Large numbers of system states are generated by the fluctuations of renewable energy generation. These numerous system states can be evaluated by the shadow price theory instead of cumbersome optimization computations. The case study shows that the proposed SP approach can greatly improve the efficiency of MES.