This paper presents a variety of different Security Constrained Optimal Power Flow formulations addressing four power system operation and planning problems: (a) forecast uncertainty of Renewable Energy Sources (RES) in-feed and load, (b) security criteria based on contingency risk, (c) corrective control offered through High Voltage Direct Current (HVDC) lines and flexible demand, (d) operation of multi-area systems with limited data exchange. A comprehensive probabilistic Security Constrained Optimal Power Flow (SCOPF) framework based on scenario-based methodologies is presented. This approach provides a-priori guarantees regarding the probability of the constraint satisfaction. In this paper, we show how HVDC lines, flexible demand, and novel risk-based operational paradigms can be used to handle outage uncertainty and the fluctuating in-feed from RES. Our analysis is extended by introducing a distributed probabilistic SCOPF algorithm for multi-area systems involving different levels of data exchange. The applicability of the methods is demonstrated on the threearea Reliability Test System (RTS-96). Results are compared based on operating costs and maximum wind power penetration.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.