TY - GEN
T1 - Continuous time multi-stage stochastic reserve and unit commitment
AU - Hreinsson, Kari
AU - Analui, Bita
AU - Scaglione, Anna
N1 - Funding Information:
This work was funded in part by the Advanced Research Projects Agency-Energy (ARPA-E), U.S. Department of Energy, under Award Number DWS1103. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States Government or any agency thereof.
Publisher Copyright:
© 2018 Power Systems Computation Conference.
PY - 2018/8/20
Y1 - 2018/8/20
N2 - 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 and lowers the real-time cost.
AB - 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 and lowers the real-time cost.
KW - Continuous time unit commitment
KW - Multistage stochastic programming
KW - Stochastic unit commitment
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U2 - 10.23919/PSCC.2018.8442490
DO - 10.23919/PSCC.2018.8442490
M3 - Conference contribution
AN - SCOPUS:85054020000
SN - 9781910963104
T3 - 20th Power Systems Computation Conference, PSCC 2018
BT - 20th Power Systems Computation Conference, PSCC 2018
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 20th Power Systems Computation Conference, PSCC 2018
Y2 - 11 June 2018 through 15 June 2018
ER -