Model recommendation: not using batteries
in operation, and always committing them to
market.
Scenario 2: For some hours in the time horizon,
the fuel cost is very high.
Model recommendation: discharging
batteries at that time.
Scenario 3: The generators capacity cannot
satisfy some peak demand (for some hours of
operation).
Model recommendation: using batteries for
these periods.
Scenario 4: The transmission capacity is limited,
so that it is not sufficient during some hours of
peak demand.
Model recommendation: using the batteries
downstream (at the distribution areas), to
offset lack of power from upstream.
6 CONCLUSIONS AND FUTURE
DIRECTIONS
In this work, we demonstrated an approach for
optimizing the operations of components of an
electric power network, including power generation,
transmission/distribution, power storage, energy
markets, and end customer demand (residential and
commercial). A prototype was developed using IBM
OPL CPLEX Studio, to make recommendations for
operating the network, while minimizing revenue-
adjusted overall costs for a given time horizon. A
simple topology was created, and different scenarios
were examined to assess the basic behavior of the
model, in common situations, based on realistic
synthetic data. The initial results demonstrate the
validity of the approach, and provide some promising
directions for future development, including
operations optimization, investment planning /
policy, and the technology aspects of the solution.
Regarding operations optimization, the model can
be refined in several ways: first, by introducing
energy generation through wind and solar power, as
alternate source to the fuel based generators; second,
by incorporating stochasticity in demand (and
possibly supply too, especially with renewable
sources); Third, by introducing real data.
In the realm of long term planning, the framework
should be expanded, to include infrastructure/ capital
investment recommendations to achieve long term
goals. This process would possibly involve multiple
stakeholders / decision-makers, in the public and
private sectors, which could also drive policy
decisions that address multiple goals (including
environmental impact, regional employment, system
reliability, etc.). The model would evaluate the
effects of different policies (e.g. tax incentives,
emissions regulations), as well as the prioritization of
investment in network assets (such as new batteries,
new distribution lines, etc.).
Finally, from a technology perspective, we could
develop more flexible tools, to allow a more intuitive
and reusable model, as well as incorporating other
features such as learning and prediction mechanisms.
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