SLIDE 1
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
Forecasting and Optimization Methods Laura Ramrez Elizondo Learning - - PowerPoint PPT Presentation
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?
SLIDE 2
SLIDE 3
Demand Uncertainty
SLIDE 4
Price Volatility
Euro/MWh Euro/MWh
SLIDE 5
Forecasting Summary
Parameters
SLIDE 6
Forecasting Methods
– Quantitative methods:
- Available historical data
- Data as numerical time series
– Qualitative methods:
- Little/no available information
- Based on expert knowledge
SLIDE 7
Types of Optimization
SLIDE 8
Optimization Objectives
SLIDE 9
Mathematical Formulation
SLIDE 10
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 𝑂 is the number of the DG sources that
- ffer 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
SLIDE 11
Mathematical Formulation
SLIDE 12
Summary
Optimization problem mathematical formulation:
- Type of optimization
- Objective function
- Assumptions
- Constraints