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intellectum
Article . 2024
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Energies
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Energies
Article . 2024
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A Stochastic Decision-Making Tool Suite for Distributed Energy Resources Integration in Energy Markets

Authors: Sergio Cantillo-Luna; Ricardo Moreno-Chuquen; David Celeita; George J. Anders;

A Stochastic Decision-Making Tool Suite for Distributed Energy Resources Integration in Energy Markets

Abstract

Energy markets are crucial for integrating Distributed Energy Resources (DER) into modern power grids. However, this integration presents challenges due to the inherent variability and decentralized nature of DERs, as well as poorly adapted regulatory environments. This paper proposes a medium-term decision-making approach based on a comprehensive suite of computational tools for integrating DERs into Colombian energy markets. The proposed framework consists of modular tools that are aligned with the operation of a Commercial Virtual Power Plant (CVPP). The tools aim to optimize participation in bilateral contracts and short-term energy markets. They use forecasting, uncertainty management, and decision-making modules to create an optimal portfolio of DER assets. The suite’s effectiveness and applicability are demonstrated and analyzed through its implementation with heterogeneous DER assets across various operational scenarios.

Country
Colombia
Keywords

Electricity markets, Technology, 330, T, distributed energy resources (DER), decision-making, Commercial virtual power plants (CVPP), risk management, Distributed energy resources (DER), Risk management, electricity markets, commercial virtual power plants (CVPP), Decision-making

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    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
Green
gold