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Analytical Framework for Market-oriented DSR Flexibility Integration and Management

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DOI: 10.4236/epe.2013.54B259    2,293 Downloads   3,099 Views   Citations

ABSTRACT

Integration and management of the flexibility of Demand Side Resources (DSR) in today’s energy systems plays a significant role in building up a sustainable society. However, the challenges of understanding, predicating and handling the uncertainties associated this subject to a great extent hamper its development. In this paper, an analytical framework based on a multi-portfolio setup in presence of a deregulated power market is proposed to address such challenges by adopting the thinking in modern portfolio theory (MPT). A Numerical example that targets on analyzing the risk and return for various flexibility pricing strategies are presented to illustrate some features of the framework.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

S. You, J. Hu, K. Heussen and C. Zhang, "Analytical Framework for Market-oriented DSR Flexibility Integration and Management," Energy and Power Engineering, Vol. 5 No. 4B, 2013, pp. 1367-1371. doi: 10.4236/epe.2013.54B259.

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