Renewable Resources Portfolio Optimization in the Presence of Demand Response

An integrated model for total annual system cost that can be used to determine a cost-minimizing allocation of renewable asset investments. The model includes production, uncertainty, emission, capacity expansion and mothballing costs, as well as wind variability and demand elasticity to determine the hourly cost of electricity delivery.

https://www.sciencedirect.com/science/article/abs/pii/S030626191501301X

PhD research

demand price function, installation costs, energy markets

optimum level of variable generation in an electric grid