Risk analysis for distribution company energy procurement with pool market, DGs and demand response

In this paper, the energy procurement for a distribution company (Disco) from the pool market, distributed generations (DGs) and contractual interruptible loads with a risk constraint stochastic programming framework is presented. We propose a formulation that considers uncertainty of some parameters such as pool price, end user demand and the items which are related to DGs so that maximize the expected profit of Disco. Also the revenue of not producing emission gas by utilizing clean energy is considered. A realistic case study illustrates the methodology proposed.