Optimal Sizing of Energy Storage Systems for the Energy Procurement Problem in Multi-Period Markets under Uncertainties

Optimal Sizing of Energy Storage Systems for the Energy Procurement Problem in Multi-Period Markets under Uncertainties

In deregulated electricity markets, minimizing the procurement costs of electricity is a critical problem for procurement agencies (PAs). However, uncertainty is inevitable for PAs and includes multiple factors such as market prices, photovoltaic system (PV) output and demand. This study focuses on...

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Bibliographic Details
Main Authors: Ryusuke Konishi, Akiko Takeda, Masaki Takahashi
Format: Article
Language:English
Published: MDPI AG 2018-01-01
Series:Energies
Subjects:
energy procurement problem
electricity market
energy storage system
uncertainty
probabilistic approach
scenario-based approach
Online Access:http://www.mdpi.com/1996-1073/11/1/158

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