TY - JOUR
T1 - Procuring load curtailment from local customers under uncertainty
AU - Mijatović, Aleksandar
AU - Moriarty, John
AU - Vogrinc, Jure
PY - 2017/7/10
Y1 - 2017/7/10
N2 - Demand side response (DSR) provides a flexible approach to managing constrained power network assets. This is valuable if future asset utilization is uncertain. However there may be uncertainty over the process of procurement of DSR from customers. In this context we combine probabilistic modelling, simulation and optimization to identify economically optimal procurement policies from heterogeneous customers local to the asset, under chance constraints on the adequacy of the procured DSR. Mathematically this gives rise to a search over permutations, and we provide an illustrative example implementation and case study. This article is part of the themed issue 'Energy management: flexibility, risk and optimization'.
AB - Demand side response (DSR) provides a flexible approach to managing constrained power network assets. This is valuable if future asset utilization is uncertain. However there may be uncertainty over the process of procurement of DSR from customers. In this context we combine probabilistic modelling, simulation and optimization to identify economically optimal procurement policies from heterogeneous customers local to the asset, under chance constraints on the adequacy of the procured DSR. Mathematically this gives rise to a search over permutations, and we provide an illustrative example implementation and case study. This article is part of the themed issue 'Energy management: flexibility, risk and optimization'.
KW - Demand side response
KW - Stochastic optimization
KW - Uncertainty
UR - http://www.scopus.com/inward/record.url?scp=85023743070&partnerID=8YFLogxK
U2 - 10.1098/rsta.2016.0311
DO - 10.1098/rsta.2016.0311
M3 - Article
AN - SCOPUS:85023743070
SN - 1364-503X
VL - 375
JO - PHILOSOPHICAL TRANSACTIONS- ROYAL SOCIETY OF LONDON SERIES A MATHEMATICAL PHYSICAL AND ENGINEERING SCIENCES
JF - PHILOSOPHICAL TRANSACTIONS- ROYAL SOCIETY OF LONDON SERIES A MATHEMATICAL PHYSICAL AND ENGINEERING SCIENCES
IS - 2100
M1 - 20160311
ER -