Economic Evaluation of Uncertain Distributed Generations for a Distribution Company


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Abstract


In this paper, the energy procurement for a distribution company (Disco) from the pool market and distributed generations (DGs) with a stochastic programming framework is presented. We propose a formulation that considers uncertainty of some parameters such as pool price, end user demand and the items which are related to DGs so that maximize the expected profit of Disco. This approach arrives at the optimal feasible DG investment plan under uncertainty of gas price, wind speed and solar radiation for gas fired DG, wind turbine generator and photovoltaic (PV) panel, respectively. Also the revenue of not producing emission gas by utilizing clean energy is considered
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Keywords


Distributed Generation Investment; Distribution Company; Pool Market; Stochastic Programming

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