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Managing Risks Of Market Price Uncertainty For A Microgrid Operation, Sriram Raghavan
Managing Risks Of Market Price Uncertainty For A Microgrid Operation, Sriram Raghavan
Masters Theses
"After deregulation of electricity in the United States, the day-ahead and real-time markets allow load serving entities and generation companies to bid and purchase/sell energy under the supervision of the independent system operator (ISO). The electricity market prices are inherently uncertain, and can be highly volatile. The main objective of this thesis is to hedge against the risk from the uncertainty of the market prices when purchasing/selling energy from/to the market. The energy manager can also schedule distributed generators (DGs) and storage of the microgrid to meet the demand, in addition to energy transactions from the market. The risk measure …