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This paper discusses investment strategies in a microgrid system consisting of cogeneration system and renewable power generation under uncertainty in the natural gas price. Although incentives for introducing distributed energy system increase these days, volatile natural gas prices make its investment in gas fuel distributed generation systems risky. Therefore, it is important to evaluate the risk...
This paper investigates availability of Demand-Side Management (DSM) considering Flexible, Reliable and Intelligent Energy Delivery System (FRIENDS) proposed by the authors. The proposed DSM is based on a Real-Time Pricing system (RTP) executed by owners of Quality Control Centers (QCC) in FRIENDS, which are facilities allocated close to consumers. More specifically, QCC owners procure electricity...
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