riga microgrid economics
Imitation Learning Based Real-Time Decision-Making of Microgrid ...
The intermittency of renewable energy generation, variability of load demand, and stochasticity of market price bring about direct challenges to optimal energy management of microgrids. To cope with these different forms of operation uncertainties, an imitation learning based real-time decision-making solution for microgrid economic …
BSc Programme | Stockholm School of Economics in Riga
The three-year programme in Economics and Business is a meeting point for talented young people who wish to study in an international but close-knit community. Immerse yourself in a comprehensive three-year educational journey. 65% of the faculty are international, and the programme partners with the Stockholm School of Economics.
Coordinating Energy Resources in an Islanded Microgrid for Economic …
Microgrids with advanced management and control strengthen power system reliability and resilience. In normal operation, economy and reliability are the objectives. However, for adverse events, economy would not be the top concern and focus moves to resiliency and providing energy to critical loads. The resource dispatch strategy …
Microgrid Dynamic Economic dispatching Considering Wind-Solar ...
The microgrid(MG) was widely concerned to solve energy pollution and scarcity crisis. A dynamic economic dispatch model considering wind and solar complementary characteristics is proposed in this paper. Firstly, the wind and solar complementary characteristics is modeled based on copula theory. Secondly, based on …
Techno-economic design of energy systems for airport electrification…
For optimal and economic design, Yang Y et al proposed a mixed integer linear programming model to design a district scale distributed energy resource [16], and Quashie M proposed a bi-level formulation for a coupled microgrid power and reserve capacity planning problem [17]. On the other hand, environmental benefit is also …
The Economics of Microgrids
THE ECONOMICS OF MICROGRIDS An incisive and practical exploration of the engineering economics of microgrids In The Economics of Microgrids, a pair of distinguished researchers delivers an expert discussion of the microeconomic perspectives on microgrids in the context of low-carbon, sustainable energy delivery. In …
IET Digital Library: Microgrid economics
Microgrid''s market acceptability and its viability are significantly related with several economic issues. The current policy on standby charges, net metering, Microgrid''s public utility status as well as the regulatory issues on the capability of small generators to serve neighbouring customers are more akin to distributed energy resources (DERs) but not …
Campus & Accomodation | Stockholm School of Economics in Riga
We are pleased to offer our students accommodation at the SSE Riga Student Dormitories. The dormitories are located at Patversmes iela 22, Riga, and are about 20 minutes by bus from SSE Riga. The Dormitories are for SSE Riga students only. The prices range from 190 - 250 EUR per month. Prices are effective for the 2024/2025 academic year.
EMBA Programme | Stockholm School of Economics in Riga
The programme is accredited by the Latvian Ministry of Education and Science, and eligible for PhD studies in other universities. Diploma of Executive Master of Business Administration issued by SSE Riga. The entire programme tuition is EUR 37,000, or EUR 18,500 per year, which may be paid in up to four payments.
Resilience and economics of microgrids with PV, battery storage, …
Section 2 reviews and estimates the reliability of EDGs, PV, and BESS. Details on the values used are provided in the appendix. Section 3 discusses the approach for modeling the microgrid''s system level resilience when islanded independent of cost considerations. Section 4 presents our approach for using NREL''s REopt™ techno …
The Economics of Microgrids
Afterwards, the role of microgrids in power systems through improved reliability, increased resilience, and enhanced power quality is presented. Next, critical microgrid features and technologies including microgrid power management and control, microgrid islanding, microgrid protection, microgrid communications, and …
Microgrid Evolution Roadmap Engineering, Economics, and Experience
Abstract. This paper reports on the work of the CIGRÉ C6.22 Working Group, Microgrid Evolution Roadmap, which has recently finalized its first Technical Brochure. The Working Group was asked to identify the main elements required to justify, develop, and implement viable microgrids, which the Group defined as follows: Microgrids are ...
Microgrid Evolution Roadmap Engineering, Economics, and Experience ...
Abstract. This paper reports on the work of the CIGRÉ C6.22 Working Group, Microgrid Evolution Roadmap, which has recently finalized its first Technical Brochure. The Working Group was asked to identify the main elements required to justify, develop, and implement viable microgrids, which the Group defined as follows: Microgrids are ...
Putting Backbone into Energy Journeys: The Economics of …
"The economics of sustainability and changing the way you do power management has become a local topic." ... Microgrids are becoming ever more prominent dotted along the energy landscape in the U.S. and around the world. Transparency Market Research, for one, estimates that the microgrid sector is growing about 11 percent …
Drivers of microgrid projects in developed and ...
This paper studies microgrid projects in developed and developing economies. In developed economies, the interest in microgrids is driven by the objectives of energy security, resilience, and democracy and emissions reduction. In developing economies, the key driver is expanding energy access. First, an industrial hybrid resource …
Multi-objective economic dispatch of a microgrid considering …
DOI: 10.1016/j.apenergy.2020.114489 Corpus ID: 213445833; Multi-objective economic dispatch of a microgrid considering electric vehicle and transferable load @article{Hou2020MultiobjectiveED, title={Multi-objective economic dispatch of a microgrid considering electric vehicle and transferable load}, author={Hui Hou and Mengya Xue and …
Microgrid-Distribution Network Bi-layer Economic Optimal …
The uncertainty and volatility of distributed generation (DG) will significantly influence on the grid-connected operation of microgrid, leading to a lack of sufficient utilization of renewable energy. In response to this issue, this article establishes a two-layer collaborative economic optimization scheduling model for microgrid distribution networks that considers grid …
Advanced Programme in European Law and Economics
The Advanced Programme was developed for professionals coming from the European Neighbourhood Policy Countries, Central Asia and the Western Balkans. Over a period of 12 weeks, it provides comprehensive training on the legal, economic and political functioning of the European Union. In addition, the Programme includes a week-long study visit to ...
Stockholm School of Economics in Riga
The Stockholm School of Economics in Riga ( SSE Riga or Latvian: Rīgas Ekonomikas augstskola) is a business school in Riga, Latvia. It is a subsidiary of the Stockholm School of Economics (SSE). The school was founded in 1994 by the Stockholm School of Economics with the support of the Swedish government, and the Latvian Ministry of …
Multi-agent-based collaborative regulation optimization for microgrid ...
As a result, stability and security of the microgrid''s economic dispatch will improve. 2.3. Battery regulation strategy. For convenience, we define the necessary variables and parameters in the Nomenclature section. Because the microgrid is connected to the utility grid, wind power randomness, photovoltaic, and load will all have a significant ...
Sustainable microgrids: Economic, environmental and social …
Introduction. Over the past several years, microgrid development has been a significant topic for energy policy development (Hirsch, Parag, & Guerrero, 2018).While a large share of this development has taken place in developing countries with limited access to reliable energy supply, there is some progress being made in microgrid …
Microgrid Economic Dispatch With Energy Storage Systems
This paper presents a formulation to determine the appropriate power dispatch of an energy storage system, whose available energy is dependent on the charging/discharging pattern from previous time periods. The implementation structure is consistent with current dispatch algorithms used in microgrids, and the algorithm can be …
Periodic Economic Control of a Nonisolated Microgrid
This paper presents the application of economic predictive control to minimize the cost of operating a nonisolated microgrid connected to an electric utility (EU) subject to a periodic internal demand. The microgrid considered is composed of a set of photovoltaic panels and two storage systems and it can buy and sell energy to an EU. …
FT Ranking | Stockholm School of Economics in Riga
FT Ranking. As part of the Stockholm School of Economics (SSE) group, SSE Riga is the #1 business school in the Nordic and Baltic regions according to the Financial Times Ranking of Top European Business Schools. SSE''s position in the Euro ranking in 2023 is 20th out of 90 European schools. The Financial Times conducts annual rankings of the ...
Engineering Economics of Microgrid Investments
The proposed models can be used for analyzing the microgrid economic development and accordingly, determine the optimal size and combination of DERs to be installed. The proposed model alleviated the need for complex calculations, hence, allowing a fast and efficient study of microgrid planning. The obtained result showed that the …
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