Distributionally Robust Joint Chance-Constrained Optimization for Electricity Imbalance in Iran: Integrating Renewables and Storage
<|reference_start|>Distributionally Robust Joint Chance-Constrained Optimization for Electricity Imbalance in Iran: Integrating Renewables and Storage: Iran's power grid faces mounting challenges due to the widening gap between rapidly increasing peak demand and lagging sustainable capacity expansion or load management. Prosumers have become key players in reducing grid load and offering valuable flexible services, but their effectiveness is hampered by a lack of knowledge about uncertain parameters and their probability distributions. This study introduces a novel two-stage multi-time scale distributionally robust optimization framework integrated with joint chance constraints to effectively manage the operation of prosumers and their energy sharing to mitigate overall peak load imbalances under uncertainties. In a data-driven setting and by leveraging historical data, the proposed model is reformulated as a tractable second-order conic constrained quadratic programing (SOCP). By considering real-world complexities based on realistic-data such as diverse load profiles and intermittent renewable generation, our approach demonstrates enhanced energy management system performance, even in out-of-sample scenarios. The synergy of distributed energy resources and coordinated flexibility within the network is instrumental in achieving substantial reductions in peak load and improving grid resilience.<|reference_end|>
@article{noori2024distributionally,
    title={Distributionally Robust Joint Chance-Constrained Optimization for
  Electricity Imbalance in Iran: Integrating Renewables and Storage},
    author={Amir Noori, Babak Tavassoli, Alireza Fereidunian},
    journal={arXiv preprint arXiv:2409.00367},
    year={2024},
    archivePrefix={arXiv},
    eprint={2409.00367},
    primaryClass={math.OC cs.SY eess.SY}
}