As Distributed Energy Resources continue to penetrate the power markets at the rapid pace, a new end-to-end solution is needed to maintain system reliability and meet the demand. Our team developed a proof-of-concept to efficiently schedule generators and to maximize the profit. Take a look!
As you can see from the provided Tableau workbook, the model is roughly following the price trend. Even in this simplistic model, it was able to predict and attempt to maximize profit. Our research aimed at applying this technique for Grid Balancing with high renewables penetration.See Tableau Workbook
* This work is based on Adam Green’s CHP model available here.