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University of Denver

Risk Optimized Microgrid Resource Management

Abstract

dc:description.abstract

<p>This thesis proposes a risk based price adjustment method for a day ahead scheduling of a distribution side tiered community microgrid within a transactive energy style market. The system is organized into a master controller and local controller confïguration to simulate behind meter activity that is not visible to the master controller. Conditional value at risk is used to asses the risk of distributed energy resources in each local controller and the risk for each local controller is aggregated providing each local controller a single risk value. Each device's, or local controller's, risk value is used to adjust the price of power for that device. The model both minimizes the risk for the aggregator and master controller, as well as incentivizes the participants to operate reliably. Dynamic loads, dispatchable and non-dispatchable generation, electric vehicles, battery energy storage, and conventional loads are all used within the model. Four cases are proposed to simulate the adoption of distributed energy resources where the price stability is studied in each case. The price results are found to be consistent at the master controller level for a non-risk adjusted and risk adjusted simulation, as well as with some manageable stability concerns.</p>

Degree

thesis:*
Name thesis:degree_name
M.S.
Level thesis:degree_level
Masters Thesis
Year dc:date.available
2017

Author and committee

dc:creator, dc:contributor.*
Author dc:creator
  • Cashel, Thomas William, III
Contributors dc:contributor
  • Amin Khodaei, Ph.D.
  • Andy Goetz, Ph.D.
  • Wenzhong Gao
  • Mohammad Matin

Subjects

dc:subject × 9

Rights

dc:rights
Statement dc:rights
  • <p>Copyright is held by the author. User is responsible for all copyright compliance.</p>
Language dc:language
en

Identifiers

dc:identifier.*
Repository record dc:identifier
https://digitalcommons.du.edu/etd/1476
OAI identifier oai:identifier
oai:digitalcommons.du.edu:etd-2476

Chain of custody

source
Harvested from
University of Denver
Base URL
digitalcommons.du.edu/do/oai/
Last updated
2026-07-24
Source record
OAI-PMH GetRecord
citation

Cashel, Thomas William, III. Risk Optimized Microgrid Resource Management. Masters Thesis thesis, 2017. https://digitalcommons.du.edu/etd/1476