Co-optimization of transmission topology and generation dispatch incorporating demand response and renewable energy uncertainty in day-ahead electricity markets

Abstract

The variability of renewables requires a higher degree of flexibility in power system operation. At present, there are a variety of solutions which are being utilized, particularly demand response and transmission switching. This paper presents a model for co-optimization of transmission topology and generation dispatch based on a two-stage stochastic optimization. Demand response and renewable energy uncertainty are integrated into the proposed model. The uncertainty pertaining to renewable energy sources is presented through a set of scenarios. The model is a mixed-integer linear programming (MILP) problem and can be applied for the day-ahead market clearing. The results implemented using a 5-bus system demonstrate the effectiveness of the proposed model.