Fully Distributed Economic Dispatch with Random Wind Power Using Parallel and Finite-Step Consensus-Based ADMM
Yuhang Zhang,
Ming Ni
Abstract:In this paper, a fully distributed strategy for the economic dispatch problem (EDP) in the smart grid is proposed. The economic dispatch model considers both traditional thermal generators and wind turbines (WTs), integrating generation costs, carbon trading expenses, and the expected costs associated with the unpredictability of wind power. The EDP is transformed into an equivalent optimization problem with only an equality constraint and thus can be solved by an alternating-direction method of multipliers (A… Show more
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