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Adaptive Real-Time Optimal Dispatch Of Privately Owned Energy Storage Systems, Hadi Khani
Adaptive Real-Time Optimal Dispatch Of Privately Owned Energy Storage Systems, Hadi Khani
Electronic Thesis and Dissertation Repository
In this thesis, a real-time optimal dispatching (RTOD) algorithm is developed by formulating a mixed integer linear programming problem to determine charging and discharging power set-points of a privately owned energy storage system (ESS) in a competitive electricity market. The objective of the optimization problem is to generate revenue by exploiting price volatility in the day-ahead/week-ahead market. Moreover, this thesis aims to evaluate and improve the usefulness of publicly available electricity market prices for RTOD of a privately owned ESS in a competitive electricity market by developing a new adaptive technique. The pre-dispatch and the corresponding ex-post hourly Ontario energy …