Abstract:In conventional planning decision making, shorter-term (e.g., hourly) variations are not explicitly accounted for. However, given the deepening penetration of variable resources, it is becoming imperative to consider such shorter-term variation in the longer-term planning exercise. This paper addresses a central challenge of jointly considering such shorter-term and longer-term uncertainties in power system planning with increasing penetration of renewable and storage resources. By leveraging the abundant oper… Show more
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