A stochastic flexibility calculus for uncertainty-aware energy flexibility management

• Published in: Applied energy Vol. 379; p. 124907
• Main Authors: Lechl, Michael, de Meer, Hermann, Fürmann, Tim
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 01.02.2025
• Subjects: Battery storage system; Power system flexibility; Probabilistic flexibility guarantees; Renewable energy community; Stochastic network calculus; Uncertainty modeling; Probabilistic flexibility guarantees; Renewable energy community; Power system flexibility; Uncertainty modeling; Stochastic network calculus; Battery storage system

The increasing share of volatile renewables in power systems requires more reserves to balance forecast errors in renewable generation and power fluctuations. In contrast, common reserves such as gas-fired power plants are phased out, impeding the procurement of sufficient reserves. Alternative rese...