Offering Decision of Risk-Based Wind-Photovoltaic-Thermal GenCo Using Downside Risk Constraints Approach

Abstract

P. Liu et al.: Offering decision of risk-based wind-photovoltaic-thermal GenCo using downside risk constraints approach 1 VOLUME XX, 20XX Date of publication xxxx 00, 0000, date of current version xxxx 00, 0000.

Transactive energy management systems: Mathematical models and formulations

“…A downside risk constraint-based offering strategy for windphotovoltaic-thermal Genco was developed in [138]. As regards the profit maximisation objective, the formulation of the downside risk constraints can be expressed as follows:…”

“…A downside risk constraint‐based offering strategy for wind‐photovoltaic‐thermal Genco was developed in [138]. As regards the profit maximisation objective, the formulation of the downside risk constraints can be expressed as follows: $$$$\begin{equation}\text{Risk}_\omega = \left\{ { \def\eqcellsep{&}\begin{array}{ll} \text{Target}_{\text{profit}} - \text{profit}_\omega ; & \text{profit}_\omega < \text{Target}_{\text{profit}}\\[8pt] 0 ;& \text{profit}_\omega > \text{Target}_{\text{profit}} \end{array} } \right.\end{equation}$$$$…”