Flexible distributed multienergy generation system expansion planning under uncertainty

Abstract

A key feature of smart grids is the use of demand side resources to provide flexibility to the energy system and thus increase its efficiency.Multienergy systems where different energy vectors such as gas, electricity, and heat are optimized simultaneously prove to be a valuable source of demand side flexibility. However, planning of such systems may be extremely challenging, particularly in the presence of long-term price uncertainty in the underlying energy vectors. In this light, this paper proposes a unified operation and planning optimization methodology for distributed multienergy generation (DMG) systems with the aim of assessing flexibility embedded in both operation and investment s..