Flexibility Potential of a Smart Home to Provide TSO-DSO-level Services

Khajeh, Hosna; Firoozi, Hooman; Laaksonen, Hannu

doi:10.1016/j.epsr.2021.107767

Cited by 11 publications

(1 citation statement)

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“…Smart homes are prosumers that can provide energy flexibility services in terms of demand-side management and power market participation [6]. Reference [7] evaluated the flexibility capacity of smart homes for active power control in distribution and transmission levels and found that flexibility services from smart homes can make a profit. For successful service provision, the EMS should coordinate the available energy generation resources and load consumption.…”

Section: Introductionmentioning

confidence: 99%

CVaR-based Stochastic Energy Management of a Smart Home

Akbari-Dibavar

Zare

Mohammadi‐Ivatloo

et al. 2022

2022 IEEE International Conference in Power Engineering Application (ICPEA)

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Considering recent developments in photovoltaic (PV) systems, storage, and electrical vehicles, not unexpected that one day smart homes will also take part in energy markets directly. In this regard, the presented paper proposes a stochastic programming approach to manage the consumption of a smart home according to intermittent PV system production and uncertain energy prices to make the smart home available for taking part in the local day-ahead (DA) energy market. A battery storage system is integrated to make flexibility against price fluctuations. Furthermore, modeling of plug-in electric vehicles (PEV) is also provided, where the traveling pattern is modeled through scenarios. The goal is to maximize the daily profit of the smart home while the welfare of the inhabitants is satisfied by considering comfort constraints. In addition, the conditional value at risk (CVaR) risk index is considered to manage associated risk with gained profit. The obtained results show the effectiveness of the optimization framework, in which the expected daily profit of the homeowner can reach $ 1.72 per day in the risk-neutral condition.

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Section: Introductionmentioning

confidence: 99%