Demand response as a complement for wind energy from the viewpoint of system well-being

The risk imposed by the stochastic nature of wind energy sources has always been a major barrier despite their proliferation in power systems. To further penetrate these sources, this paper draws upon dynamic prices, which realize demand response potentials along with decimating the risk involved. T...

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Bibliographic Details
Published inScientia Iranica. Transaction D, Computer science & engineering, electrical engineering Vol. 27; no. 3; pp. 1373 - 1383
Main Authors Hassanzadeh, M N, Fotuhi-Firuzabad, M, Safdarian, A, Soleymani, S
Format Journal Article
LanguageEnglish
Published Tehran Sharif University of Technology 01.12.2020
Subjects
Alternative energy sources
Computer simulation
Demand side management
Energy management
Energy resources
Energy sources
Monte Carlo simulation
Price elasticity
Risk
Stochasticity
Studies
Wind power
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Summary:The risk imposed by the stochastic nature of wind energy sources has always been a major barrier despite their proliferation in power systems. To further penetrate these sources, this paper draws upon dynamic prices, which realize demand response potentials along with decimating the risk involved. To do so, a model is first established to study the impact of activating demand response on the risk index in a system with a high penetration of wind resources. Then, the model is used to estimate the extra wind capacity that can be hosted by the system such that the risk remains within the acceptable range. The well-being indices are calculated via sequential Monte Carlo simulation approach and fuzzy theory. The demand response with dynamic prices is modeled by self and cross elasticity coefficients of different load sectors. The performance and applicability of the proposed model are verified through simulations on the IEEE Reliability Test System (IEEE-RTS).
DOI:10.24200/sci.2018.20605