Abstract:The uncertainty caused by the growing use of renewable energy sources, such as wind and solar energy, makes it difficult to forecast the operation costs of micro-energy systems, particularly those in remote rural areas. Motivated by this point, this paper analyzes the possible operational risks and then introduces Condition Value at Risk (CVaR) to quantify the cost of the operational risk. On this basis, stochastic programming based on a multi-energy microgrid planning model that minimizes the investment cost,… Show more
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