publication . Preprint . Article . 2017

Scenario-Based Economic Dispatch With Uncertain Demand Response

Hao Ming; Le Xie; Marco Claudio Campi; Simone Garatti; P. R. Kumar;
Open Access English
  • Published: 29 Nov 2017
  • Country: Italy
This paper introduces a new computational framework to account for uncertainties in day-ahead electricity market clearing process in the presence of demand response providers. A central challenge when dealing with many demand response providers is the uncertainty of its realization. In this paper, a new economic dispatch framework that is based on the recent theoretical development of the scenario approach is introduced. By removing samples from a finite uncertainty set, this approach improves dispatch performance while guaranteeing a quantifiable risk level with respect to the probability of violating the constraints. The theoretical bound on the level of risk ...
free text keywords: Electrical Engineering and Systems Science - Signal Processing, Demand response provider; Economics; Generators; ISO; Load management; Optimization; Robustness; scenario approach; stochastic economic dispatch.; Uncertainty; Computer Science (all), General Computer Science, Clearing, Electricity, business.industry, business, Control engineering, Load management, Probability distribution, Engineering, Demand response, Electricity market, Upper and lower bounds, Operations research, Economic dispatch
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publication . Preprint . Article . 2017

Scenario-Based Economic Dispatch With Uncertain Demand Response

Hao Ming; Le Xie; Marco Claudio Campi; Simone Garatti; P. R. Kumar;