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2018 Power Systems Computation Conference (PSCC) 2018
DOI: 10.23919/pscc.2018.8442490
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Continuous Time Multi-Stage Stochastic Reserve and Unit Commitment

Abstract: In this paper we introduce a continuous time multi stage stochastic optimization for scheduling generating units, their commitment, reserve capacities and their continuous time generation profiles in the day-ahead wholesale electricity market. Our formulation approximates the solution of a variational problem, in which the balance, generation capacity and ramping constraints are in continuous time. Due to the greater accuracy of our representation of ramping events this approach improves the system reliability… Show more

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Cited by 8 publications
(8 citation statements)
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“…Recently, the application of riskbased assessment techniques for power system operation with WPG has attracted high interest from electrical power industry [11], [12] and [13]. The literature on the continuous-time operation model can be reached in [14], [15] and [16]. However, the model proposed in this paper differs from the above references in five aspects: -The continuous-time model for ESU has been not presented.…”
Section: B Nmmentioning
confidence: 99%
“…Recently, the application of riskbased assessment techniques for power system operation with WPG has attracted high interest from electrical power industry [11], [12] and [13]. The literature on the continuous-time operation model can be reached in [14], [15] and [16]. However, the model proposed in this paper differs from the above references in five aspects: -The continuous-time model for ESU has been not presented.…”
Section: B Nmmentioning
confidence: 99%
“…In (11), the first term represents generation cost; the second term represents load shedding cost; and the third term represents over-generation cost. For simplicity, this is shown in (12).…”
Section: B Formulationmentioning
confidence: 99%
“…This improvement in solution quality, however, comes at the cost of substantial computational burden [1], [9]- [11]. Since the introduction of stochastic unit commitment (SUC), many researchers have developed a variety of methods to model more uncertainties and improve SUC's computational efficiency [12]- [16]. The computational demands of the problem can vary based on the type of uncertainty, e.g., generation dispatch or transmission status, and the uncertainty distribution, e.g., normal or Boolean.…”
Section: Introductionmentioning
confidence: 99%
“…Renewable generations have the uncertainty of power output; that is why the introduction of stochastic UC programming is becoming very necessary [48,49]. Most of the recent papers have considered two or multistage stochastic UC [50][51][52][53][54][55]. Some articles considered hybrid scholastic UC to manage uncertainty on the expected net load [56].…”
Section: Stochastic Uc Problemmentioning
confidence: 99%