Engineering Commons^™

Risk Optimized Microgrid Resource Management, Thomas William Cashel Iii

Electronic Theses and Dissertations

This thesis proposes a risk based price adjustment method for a day ahead scheduling of a distribution side tiered community microgrid within a transactive energy style market. The system is organized into a master controller and local controller confïguration to simulate behind meter activity that is not visible to the master controller. Conditional value at risk is used to asses the risk of distributed energy resources in each local controller and the risk for each local controller is aggregated providing each local controller a single risk value. Each device's, or local controller's, risk value is used to adjust the price …