IDEAS home Printed from https://ideas.repec.org/p/sek/iefpro/14616433.html
   My bibliography  Save this paper

Financial Risk-Oriented Analyses in the Scheduling of Multi-Energy Microgrids

Author

Listed:
  • Nader Javani

    (Faculty of Mechanical Engineering, Yildiz Technical University, Istanbul)

  • Pouya Salyani

    (Faculty of Electrical Engineering, University of Tabriz)

  • Kazem Zare

    (Faculty of Electrical Engineering, University of Tabriz)

  • Ali Rifat Bognuegri

    (Clean Energy Technologies Institute / Department of Electrical Engineering, Yildiz Technical University, Istanbul)

Abstract

The present study investigates a multi-objective strategy for scheduling Multi-Energy Microgrids (MEMs) with Power to X (P2X) conversion technology in advance. The P2X technology serves as the fundamental framework for these microgrids, incorporating multiple energy conversion systems and diverse energy storage technologies to optimize efficiency. The primary objective is to reduce operational expenses, mitigate risks, and decrease carbon emissions. Two risk management tools, namely Conditional Value at Risk (CVaR) and a robust approach, are recommended to address the financial risks involved in MEM's scheduling. The study results for the considered microgrid imply that an operator's adoption of a risk-neutral approach necessitates procuring a substantial portion of power from the day-ahead electricity market. In addition, implementing a risk-averse strategy by a MEM operator results in diminished participation in the energy market through reduced bidding and an increased overall presence in the real-time market.

Suggested Citation

  • Nader Javani & Pouya Salyani & Kazem Zare & Ali Rifat Bognuegri, 0000. "Financial Risk-Oriented Analyses in the Scheduling of Multi-Energy Microgrids," Proceedings of Economics and Finance Conferences 14616433, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:14616433
    as

    Download full text from publisher

    File URL: https://iises.net/proceedings/international-conference-on-economics-finance-business-lisbon/table-of-content/detail?cid=147&iid=017&rid=16433
    File Function: First version, 0000
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    P2X conversion; MEM; CVaR; Robust; Emission; Multi-objective;
    All these keywords.

    JEL classification:

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sek:iefpro:14616433. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klara Cermakova (email available below). General contact details of provider: https://iises.net/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.