2020
DOI: 10.11591/ijece.v10i2.pp1693-1700
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Quantification of operating reserves with high penetration of wind power considering extreme values

Abstract: The high integration of wind energy in power systems requires operating reserves to ensure the reliability and security in the operation. The intermittency and volatility in wind power sets a challenge for day-ahead dispatching in order to schedule generation resources. Therefore, the quantification of operating reserves is addressed in this paper using extreme values through Monte-Carlo simulations. The uncertainty in wind power forecasting is captured by a generalized extreme value distribution to generate s… Show more

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Cited by 6 publications
(5 citation statements)
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“…The first have been analyzed, through the optimal energy flow for the dispatch of the generation resources [15]- [17]. As a result, the formulation of the multi-period DC optimal power flow (DCOPF) has been enhanced in order to incorporate renewable energy generation's variability, considering factors such as electricity demand and wind availability uncertainty [18]- [21].…”
Section: Int J Elec and Comp Engmentioning
confidence: 99%
“…The first have been analyzed, through the optimal energy flow for the dispatch of the generation resources [15]- [17]. As a result, the formulation of the multi-period DC optimal power flow (DCOPF) has been enhanced in order to incorporate renewable energy generation's variability, considering factors such as electricity demand and wind availability uncertainty [18]- [21].…”
Section: Int J Elec and Comp Engmentioning
confidence: 99%
“…Thus, multiple economic models related to the electricity sector are being developed recently that consider elements such as: consumersupplier relationship, the capacity of the consumer to change his/ her role (producer-prosumer), the form of consumer participation (active or passive), the intensity of collaboration between peers (with contracts or not), the inclusion of new production assets such as renewable energy (Obando et al, 2020), energy storage systems (Cantillo and Moreno, 2021), and demand response (Moreno et al, 2019), and the ownership and channels transfer used (blockchain among others) (Acquier et al, 2019;Athanassiou and Kotsi, 2018;Ertz et al, 2019;Ferraro and Conway, 2020;Garcia-Garcia et al, 2020;Hamari et al, 2016;Menor-Campos et al, 2019). All these elements were considered through different models made with different computing tools (Moreno-Chuquen and Cantillo-Luna, 2020).…”
Section: Introductionmentioning
confidence: 99%
“…Obando et al. [12] proposed to use extreme values through Monte‐Carlo simulations to quantify operating reserves. Note that, besides the widely known random factors of unit faults and generation/demand fluctuation, specific factors may also influence the operating reserve capacity of a power plant considerably [13].…”
Section: Introductionmentioning
confidence: 99%
“…A dynamic sizing method proposed in [11] determines the required reserve capacity on a daily basis, using system imbalance risk estimation based on historical observations of system conditions by means of machine learning algorithms. Obando et al [12] proposed to use extreme values through Monte-Carlo simulations to quantify operating reserves. Note that, besides the widely known random factors of unit faults and generation/demand fluctuation, specific factors may also influence the operating reserve capacity of a power plant considerably [13].…”
Section: Introductionmentioning
confidence: 99%