Table 4 Impact of CVaR confidence level on economic and reliability metrics.
From: Credible capacity evaluation of virtual power plants considering wind and PV uncertainties
CVaR level (\(\alpha\)) | Expected profit ($) | EENS (kWh) | Avg shortfall (%) | Profit std dev ($) |
|---|---|---|---|---|
0.90 | 15248.3 | 178.4 | 4.91 | 385.2 |
0.95 | 14864.7 | 106.8 | 2.67 | 294.6 |
0.99 | 14377.2 | 45.5 | 0.91 | 162.4 |
