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• W2343133957 abstract "This paper presents a novel energy-management method for a microgrid that includes renewable energy, diesel generators, battery storage, and various loads. We assume that the microgrid takes part in a pool market and responds actively to the electricity price to maximize its profit by scheduling its controllable resources. To address various uncertainties, a risk-constrained scenario-based stochastic programming framework is proposed using the conditional value at risk method. The designed model is solved by two levels of stochastic optimization methods. One level of optimization is to submit optimal hourly bids to the day-ahead market under the forecast data. The other level of optimization is to determine the optimal scheduling using the scenario-based stochastic data of the uncertain resources. The proposed energy management system is not only beneficial for the microgrid and customers, but also applies the microgrid aggregator and virtual power plant. The results are shown to prove the validity of the proposed framework." @default.
• W2343133957 created "2016-06-24" @default.
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• W2343133957 date "2016-01-01" @default.
• W2343133957 modified "2023-10-06" @default.
• W2343133957 title "A Microgrid Energy Management System and Risk Management Under an Electricity Market Environment" @default.
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• W2343133957 doi "https://doi.org/10.1109/access.2016.2555926" @default.
• W2343133957 hasPublicationYear "2016" @default.
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