2014 47th Hawaii International Conference on System Sciences 2014
DOI: 10.1109/hicss.2014.295
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Robust Optimization Based Economic Dispatch for Managing System Ramp Requirement

Abstract: The increasing penetration of renewable generation poses a challenge to the power system operator's task of balancing demand with generation due to the increased inter-temporal variability and uncertainty from renewables. Recently major system operators have been testing approaches to managing inter-temporal ramping requirement. In this paper we propose a robust optimization based economic dispatch model for ensuring adequate system ramp capability. The proposed model is critically assessed with the ramp produ… Show more

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Cited by 29 publications
(20 citation statements)
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“…When this happens, the system can just rely on other products in the electricity market such as frequency regulation with a higher cost. In MISO, the price associated with system power balance constraint violation is assumed to be the value of lost load, which is $3500/MWh [11].…”
Section: B Impact Of Ev Participation In the Ramp Marketmentioning
confidence: 99%
See 1 more Smart Citation
“…When this happens, the system can just rely on other products in the electricity market such as frequency regulation with a higher cost. In MISO, the price associated with system power balance constraint violation is assumed to be the value of lost load, which is $3500/MWh [11].…”
Section: B Impact Of Ev Participation In the Ramp Marketmentioning
confidence: 99%
“…Congcong et al [10] proposed a new principle to determine the amount of ramp capacity needed. Thatte et al [11] and Wang and Hobbs [12] compared the performances of the flexible ramping product model, traditional dispatch model, stochastic model, and robust model. However, few efforts have been devoted to discuss EV provision of the flexible ramping product.…”
Section: Introductionmentioning
confidence: 99%
“…In [7], both the deterministic and stochastic model is evaluated in designing the market for flexible ramping product. In [8], a robust economic dispatch model is developed with ramping capability requirement and compared with the deterministic model. In this paper, a new stochastic economic dispatch with flexible ramping product is developed, and transmission constraints are included in the model to guarantee deliverability.…”
Section: Literature Reviewmentioning
confidence: 99%
“…In [19], both the deterministic and stochastic models are evaluated in designing the market for flexible ramping products. In [20], a robust economic dispatch model is developed with ramping capability requirement and compared with the deterministic model. A stochastic dayahead scheduling model is developed in [21], where the flexible ramping product is scheduled in the day-ahead for managing the variability of renewable generation.…”
Section: Introductionmentioning
confidence: 99%