Renewable Resources Portfolio Optimization in the Presence of Demand Response

Modelling project



An integrated model for total annual system cost that can be used to determine a cost-minimizing allocation of renewable asset investments. The model includes production, uncertainty, emission, capacity expansion and mothballing costs, as well as wind variability and demand elasticity to determine the hourly cost of electricity delivery.


PhD research

Key Inputs

demand price function, installation costs, energy markets

Key Outputs

optimum level of variable generation in an electric grid

Registered developers

Sahand BehboodiEnbala