Abstract
The operational performance of the grid needs to be considered and incorporated with other verified system flexibility measures, such as energy storage system and demand response, when planning a hybrid renewable energy system with a high fraction of renewable energy sources. Therefore, this study developed an integrated model that considers the effects of time-of-use demand response and risk-based uncertainty analysis on the operational performance of a grid-connected hybrid energy system for high renewable power penetration. A multi-stage approach for optimal scheduling of the energy systems with time-of-use pricing considering uncertainties’ impacts on grid and energy storage systems operations is modeled. Techno-economic metrics are developed to assess the decision-making effectiveness of the energy system planning and grid operation under four scenarios based on the information gap decision theory to quantify the energy system and grid operation performance flexibility. The considered scenarios are without and with demand response using risk-neutral, risk-averse, and risk-seeking strategies. The analysis of the results indicates that the risk-averse approach achieves the best techno-economic tradeoff, guaranteeing improved technical performances compared to the other risk strategies for uncertainty management in renewable power outputs and grid operational performances within the cost deviation tolerance limit. The risk-averse strategy further justified the substantial inclusion of energy storage and the adoption of the demand response to provide better operational flexibility to ensure improved grid performance, as seen in the reduced grid loss and improved voltage profile with higher power contribution from the RES. Significantly, the considered model can help system planners manage the tradeoff for efficient system performance under substantial renewable energy integration, considering the impacts of uncertainties.
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