Coelho, V.N., Coelho, I.M., Coelho, B.N. et al. (6 more authors) (2016) Multi-objective energy storage power dispatching using plug-in vehicles in a smart-microgrid. Renewable Energy, 89. pp. 730-742. ISSN 0960-1481
Abstract
This paper describes a multi-objective power dispatching problem that uses Plug-in Electric Vehicle (PEV) as storage units. We formulate the energy storage planning as a Mixed-Integer Linear Programming (MILP) problem, respecting PEV requirements, minimizing three different objectives and analyzing three different criteria. Two novel cost-to-variability indicators, based on Sharpe Ratio, are introduced for analyzing the volatility of the energy storage schedules. By adding these additional criteria, energy storage planning is optimized seeking to minimize the following: total Microgrid (MG) costs; PEVs batteries usage; maximum peak load; difference between extreme scenarios and two Sharpe Ratio indices. Different scenarios are considered, which are generated with the use of probabilistic forecasting, since prediction involves inherent uncertainty. Energy storage planning scenarios are scheduled according to information provided by lower and upper bounds extracted from probabilistic forecasts. A MicroGrid (MG) scenario composed of two renewable energy resources, a wind energy turbine and photovoltaic cells, a residential MG user and different PEVs is analyzed. Candidate non-dominated solutions are searched from the pool of feasible solutions obtained during different Branch and Bound optimizations. Pareto fronts are discussed and analyzed for different energy storage scenarios. Perhaps the most important conclusion from this study is that schedules that minimize the total system cost may increase maximum peak load and its volatility over different possible scenarios, therefore may be less robust.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2015 Elsevier Ltd. This is an author produced version of a paper subsequently published in Renewable Energy. Uploaded in accordance with the publisher's self-archiving policy. Article available under the terms of the CC-BY-NC-ND licence (https://creativecommons.org/licenses/by-nc-nd/4.0/) |
Keywords: | Microgrids; Power dispatching; Energy storage management; Plug-in electric vehicle; Probabilistic forecast; Sharpe ratio |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Engineering (Sheffield) > Department of Automatic Control and Systems Engineering (Sheffield) |
Funding Information: | Funder Grant number EUROPEAN COMMISSION - FP6/FP7 NH-MCDM - 295152 |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 22 Mar 2016 16:22 |
Last Modified: | 29 Dec 2016 19:11 |
Published Version: | http://dx.doi.org/10.1016/j.renene.2015.11.084 |
Status: | Published |
Publisher: | Elsevier |
Refereed: | Yes |
Identification Number: | 10.1016/j.renene.2015.11.084 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:96770 |