Abstract

In this paper, we study demand response management and power scheduling in a smart grid with renewable energy sources represented by a wind farm. Total social welfare, defined in terms of consumer utility and cost of energy production (both scheduled and renewable), is maximized while the probability of energy shortfall due to the uncertainty in renewable production is limited by an upper bound. We find the outage-limiting optimal conventional energy production and consumption schedules, and investigate the impact of the statistical relationship between the turbines in a wind farm.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.