Achieving an optimal trade-off between revenue and energy peak within a smart grid environment

We consider an energy provider whose goal is to simultaneously set revenue-maximizing prices and meet a peak load constraint. In our bilevel setting, the provider acts as a leader (upper level) that takes into account a smart grid (lower level) that minimizes the sum of users' disutilities. The latter bases its decisions on the hourly prices set by the leader, as well as the schedule preferences set by the users for each task. Considering both the monopolistic and competitive situations, we illustrate numerically the validity of the approach, which achieves an 'optimal' trade-off between three objectives: revenue, user cost, and peak demand

Optimal Distribution of Renewable Energy Systems Considering Aging and Long-Term Weather Effect in Net-Zero Energy Building Design

Generation system interruptions in net-zero energy buildings (NZEBs) may result in missing the net-zero targets by a great margin. Consequently, it is significant to incorporate a realistic reliability model for renewable energy systems (RESs) that considers aging and long-term weather conditions. This study proposed a robust design optimization method that deals with the selection of RES to achieve NZEB. Different case studies were evaluated: 1. Deterministic approach; 2. Markov chain-based reliability without the aging effect; 3. Markov chain-based reliability with the aging effect. The results showed that the optimal sizes of RES, considering the aging effect, were much larger than the other two cases based on the annual energy balance. Moreover, the consideration of the aging effect on the reliability assessment of the generation system for NZEB opens a pathway for a more robust and economic design of RES