5,088 research outputs found
Distributed Stochastic Market Clearing with High-Penetration Wind Power
Integrating renewable energy into the modern power grid requires
risk-cognizant dispatch of resources to account for the stochastic availability
of renewables. Toward this goal, day-ahead stochastic market clearing with
high-penetration wind energy is pursued in this paper based on the DC optimal
power flow (OPF). The objective is to minimize the social cost which consists
of conventional generation costs, end-user disutility, as well as a risk
measure of the system re-dispatching cost. Capitalizing on the conditional
value-at-risk (CVaR), the novel model is able to mitigate the potentially high
risk of the recourse actions to compensate wind forecast errors. The resulting
convex optimization task is tackled via a distribution-free sample average
based approximation to bypass the prohibitively complex high-dimensional
integration. Furthermore, to cope with possibly large-scale dispatchable loads,
a fast distributed solver is developed with guaranteed convergence using the
alternating direction method of multipliers (ADMM). Numerical results tested on
a modified benchmark system are reported to corroborate the merits of the novel
framework and proposed approaches.Comment: To appear in IEEE Transactions on Power Systems; 12 pages and 9
figure
Extending Demand Response to Tenants in Cloud Data Centers via Non-intrusive Workload Flexibility Pricing
Participating in demand response programs is a promising tool for reducing
energy costs in data centers by modulating energy consumption. Towards this
end, data centers can employ a rich set of resource management knobs, such as
workload shifting and dynamic server provisioning. Nonetheless, these knobs may
not be readily available in a cloud data center (CDC) that serves cloud
tenants/users, because workloads in CDCs are managed by tenants themselves who
are typically charged based on a usage-based or flat-rate pricing and often
have no incentive to cooperate with the CDC operator for demand response and
cost saving. Towards breaking such "split incentive" hurdle, a few recent
studies have tried market-based mechanisms, such as dynamic pricing, inside
CDCs. However, such mechanisms often rely on complex designs that are hard to
implement and difficult to cope with by tenants. To address this limitation, we
propose a novel incentive mechanism that is not dynamic, i.e., it keeps pricing
for cloud resources unchanged for a long period. While it charges tenants based
on a Usage-based Pricing (UP) as used by today's major cloud operators, it
rewards tenants proportionally based on the time length that tenants set as
deadlines for completing their workloads. This new mechanism is called
Usage-based Pricing with Monetary Reward (UPMR). We demonstrate the
effectiveness of UPMR both analytically and empirically. We show that UPMR can
reduce the CDC operator's energy cost by 12.9% while increasing its profit by
4.9%, compared to the state-of-the-art approaches used by today's CDC operators
to charge their tenants
Joint Optimal Pricing and Electrical Efficiency Enforcement for Rational Agents in Micro Grids
In electrical distribution grids, the constantly increasing number of power
generation devices based on renewables demands a transition from a centralized
to a distributed generation paradigm. In fact, power injection from Distributed
Energy Resources (DERs) can be selectively controlled to achieve other
objectives beyond supporting loads, such as the minimization of the power
losses along the distribution lines and the subsequent increase of the grid
hosting capacity. However, these technical achievements are only possible if
alongside electrical optimization schemes, a suitable market model is set up to
promote cooperation from the end users. In contrast with the existing
literature, where energy trading and electrical optimization of the grid are
often treated separately or the trading strategy is tailored to a specific
electrical optimization objective, in this work we consider their joint
optimization. Specifically, we present a multi-objective optimization problem
accounting for energy trading, where: 1) DERs try to maximize their profit,
resulting from selling their surplus energy, 2) the loads try to minimize their
expense, and 3) the main power supplier aims at maximizing the electrical grid
efficiency through a suitable discount policy. This optimization problem is
proved to be non convex, and an equivalent convex formulation is derived.
Centralized solutions are discussed first, and are subsequently distributed.
Numerical results to demonstrate the effectiveness of the so obtained optimal
policies are then presented
Harnessing Flexible and Reliable Demand Response Under Customer Uncertainties
Demand response (DR) is a cost-effective and environmentally friendly
approach for mitigating the uncertainties in renewable energy integration by
taking advantage of the flexibility of customers' demands. However, existing DR
programs suffer from either low participation due to strict commitment
requirements or not being reliable in voluntary programs. In addition, the
capacity planning for energy storage/reserves is traditionally done separately
from the demand response program design, which incurs inefficiencies. Moreover,
customers often face high uncertainties in their costs in providing demand
response, which is not well studied in literature.
This paper first models the problem of joint capacity planning and demand
response program design by a stochastic optimization problem, which
incorporates the uncertainties from renewable energy generation, customer power
demands, as well as the customers' costs in providing DR. We propose online DR
control policies based on the optimal structures of the offline solution. A
distributed algorithm is then developed for implementing the control policies
without efficiency loss. We further offer enhanced policy design by allowing
flexibilities into the commitment level. We perform real world trace based
numerical simulations. Results demonstrate that the proposed algorithms can
achieve near optimal social costs, and significant social cost savings compared
to baseline methods
- …