A Multi-objective Optimization Model for the Quantification of Flexibility in a Large Business Park

Demand-side management (DSM) is an effective way to strengthen the present power system's reliability and security with increasing penetration of renewable energy generations. With the fusion of information technology, present-day loads are getting smarter with their ability to modulate the power and control their switching operations in...

A shrinking-horizon, game-theoretic algorithm for distributed energy generation and storage in the smart grid with wind forecasting

We address the demand-side management (DSM) problem for smart grids where the users have energy generation and storage capabilities, and where the energy price depends on the renewable energy sources and on the aggregate electricity demand. Each user aims at reducing its economic cost by selecting the best energy schedule subject to its local...