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Based on risk management theory, a nonlinear programming model for optimizing the coal inventory is developed by taking the CVaR as a risk measuring index while considering the coal-fired power plant's carbon emission constraint and the cost of purchasing a CO2 quota. In the developed model, the objective is to minimize CVaR under a given expected profit. Some uncertain factors are taken into account...
In this letter, a distributed optimal dispatch method based on the distributed primal-dual sub-gradient algorithm is proposed. By coordinating individual decision-making of distributed energy resources (DERs) in the virtual power plant (VPP) via limited communication, the profit of VPP can be maximized. It can be proven that the proposed distributed algorithm has similar performance to the centralized...
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