2019
DOI: 10.1109/tsg.2017.2773039
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Risk-Constrained Optimal Energy Management for Virtual Power Plants Considering Correlated Demand Response

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Cited by 102 publications
(58 citation statements)
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“…Since the customer is empowered and plays a key role in smart grid, EMS at the distribution level can monitor control and optimize the local system performance. At the customer end, some of the commonly implemented EMS are SHEMS, HEMS, BEMS, and plant energy management system (PEMS) . At the end users level, the ultimate role of EMS is to minimize energy usage by properly scheduling the devices in specified time horizons.…”
Section: Energy Management Systemmentioning
confidence: 99%
See 3 more Smart Citations
“…Since the customer is empowered and plays a key role in smart grid, EMS at the distribution level can monitor control and optimize the local system performance. At the customer end, some of the commonly implemented EMS are SHEMS, HEMS, BEMS, and plant energy management system (PEMS) . At the end users level, the ultimate role of EMS is to minimize energy usage by properly scheduling the devices in specified time horizons.…”
Section: Energy Management Systemmentioning
confidence: 99%
“…It is crucial to understand the motivations of the consumer for engaging in or rejecting a DR program. The financial compensation offered against the inconvenience of users for DR remains insufficient to promote the development of the DR sector . So there is a need for attractive incentive policies for increasing the participation of users. To optimally regulate DER and provide DR, the concept of VPP is proposed in several papers . However, the response from VPP is slow due to the presence of inertia, which needs to be addressed.…”
Section: Critical Reviews and Real‐world Applicationmentioning
confidence: 99%
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“…Therefore, demand response (DR) is introduced as a new method to shift the peak loads to off-peak hours or curtail noncritical loads directly to avoid contingency issues on substations and transmission/distribution lines. Based on objectives, prior works can be categorized into three different types, namely, (i) minimizing operation and maintenance (O&M) costs of the entire system [1], (ii) maximizing consumers' comfort levels (only focus on the HVAC system) [2], and (iii) minimizing load curtailment costs [3]. Very few of them focus on joint objectives of both minimizing O&M costs and maximizing consumers' comfort levels [4].…”
Section: Introductionmentioning
confidence: 99%