Distributed generation investment by a microgrid under uncertainty
نویسندگان
چکیده
منابع مشابه
Distributed Generation Investment by a Microgrid under Uncertainty
This paper examines a California-based microgrid’s decision to invest in a distributed generation (DG) unit fuelled by natural gas. While the long-term natural gas generation cost is stochastic, we initially assume that the microgrid may purchase electricity at a fixed retail rate from its utility. Using the real options approach, we find a natural gas generation cost threshold that triggers DG...
متن کاملInvestment and Upgrade in Distributed Generation under Uncertainty
The ongoing deregulation of electricity industries worldwide is providing incentives for microgrids to use small-scale distributed generation (DG) and combined heat and power (CHP) applications via heat exchangers (HXs) to meet local energy loads. Although the electric-only efficiency of DG is lower than that of central-station production, relatively high tariff rates and the potential for CHP ...
متن کاملOptimal Allocation of Distributed Generation in Microgrid by Considering Load Modeling
Recent increment in carbon emission due to the dependency on fossil fuels in power generation sector is a critical issue in the last decade. The motivation to Distributed Generation (DG) in order to catch low carbon networks is rising. This research seeks to experience DG existence in local energy servicing in microgrid structure. Optimal sizing and placement of DG units is followed by this pap...
متن کاملInvestment Under Uncertainty
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your perso...
متن کاملPreemptive Investment under Uncertainty
This paper provides a general characterization of subgame-perfect equilibria for a strategic timing problem, where two firms have the (real) option to invest irreversibly in some market. Profit streams are uncertain and depend on the market structure. The analysis of the problem emphasizes its dynamic nature and exploits only its economic structure. In particular, the determination of equilibri...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Energy
سال: 2008
ISSN: 0360-5442
DOI: 10.1016/j.energy.2008.08.011