Forecasting and Optimization Methods Laura Ramrez Elizondo Learning - PowerPoint PPT Presentation

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Forecasting and Optimization Methods Laura Ramrez Elizondo Learning Objectives What is the importance of forecasting? What are the main forecasting methods? What are the main optimization techniques used in microgrids?

Forecasting and Optimization Methods Laura Ramírez Elizondo
Learning Objectives • What is the importance of forecasting? • What are the main forecasting methods? • What are the main optimization techniques used in microgrids? • How is an optimization problem formulated?
Demand Uncertainty
Euro/MWh Euro/MWh Price Volatility
Forecasting Summary Parameters
Forecasting Methods – Quantitative methods: • Available historical data • Data as numerical time series – Qualitative methods: • Little/no available information • Based on expert knowledge
Types of Optimization
Optimization Objectives
Mathematical Formulation
Mathematical Formulation is the bid for active power from the 𝑗 − 𝑢ℎ DG source is the active power production of the 𝑗 − 𝑢ℎ DG source is the active power sold to the grid is the number of the DG sources that 𝑂 offer bids for active power production is the price on the open market for active power is the bid of the 𝑘 − 𝑢ℎ load of the loads L 𝑁 is the number of loads that offer bids
Mathematical Formulation
Summary Optimization problem mathematical formulation: - Type of optimization - Objective function - Assumptions - Constraints

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Forecasting and Optimization Methods Laura Ramrez Elizondo Learning - PowerPoint PPT Presentation

Forecasting and Optimization Methods Laura Ramrez Elizondo Learning Objectives What is the importance of forecasting? What are the main forecasting methods? What are the main optimization techniques used in microgrids?

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