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In this paper, we study demand response (DR) management when a wind farm is connected to a smart grid. Total social welfare, defined in terms of consumer utility and cost of power production, is maximized while the probability of power deficit due to the uncertainty in renewable production is limited by an upper bound. We find the optimal deficit-limiting conventional power production and consumption...
We study demand response (DR), supply management and power scheduling in a smart grid in the presence of photovoltaic sources such as solar panels. We aim to increase efficiency and reliability of the grid by limiting the probability of power shortfall, which is introduced to the system by the uncertainty in the solar power production. Total social welfare, defined in terms of consumer utility and...
In this paper, we study demand response management and power scheduling in a smart grid with renewable energy sources represented by a wind farm. Total social welfare, defined in terms of consumer utility and cost of energy production (both scheduled and renewable), is maximized while the probability of energy shortfall due to the uncertainty in renewable production is limited by an upper bound. We...
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