Analytical Framework for Market-oriented DSR Flexibility Integration and Management

Shi You, Junjie Hu, Kai Heussen, Chunyu Zhang

    Research output: Contribution to journalJournal articleResearchpeer-review

    368 Downloads (Pure)

    Abstract

    Integration and management of the flexibility of Demand Side Resources (DSR) in today’s energy systems plays a sig-nificant role in building up a sustainable society. However, the challenges of understanding, predicating and handling the uncertainties associated this subject to a great extent hamper its development. In this paper, an analytical framework based on a multi-portfolio setup in presence of a deregulated power market is proposed to address such challenges by adopting the thinking in modern portfolio theory (MPT). A Numerical example that targets on analyzing the risk and return for various flexibility pricing strategies are presented to illustrate some features of the framework.
    Original languageEnglish
    JournalEnergy and Power Engineering
    Volume5
    Pages (from-to)1367-1371
    ISSN1949-243X
    DOIs
    Publication statusPublished - 2013

    Keywords

    • Analytical Framework
    • Distributed Energy Resources
    • Flexiblity
    • Deregulated Power Market
    • Morden Portfolio Theory
    • Risk and Return

    Fingerprint

    Dive into the research topics of 'Analytical Framework for Market-oriented DSR Flexibility Integration and Management'. Together they form a unique fingerprint.

    Cite this