Co-Optimization of Energy and Reserve Capacity Considering Renewable Energy Unit with Uncertainty

Muhammad Wajahat Hassan, Muhammad Babar Rasheed, Nadeem Javaid, Waseem Nazar and Muhammad Akmal
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Muhammad Wajahat Hassan: Department of Electronics and Electrical Systems, The University of Lahore, Lahore 54000, Pakistan
Muhammad Babar Rasheed: Department of Electronics and Electrical Systems, The University of Lahore, Lahore 54000, Pakistan
Nadeem Javaid: Department of Computer Science, COMSATS University, Islamabad 44000, Pakistan
Waseem Nazar: Department of Electronics and Electrical Systems, The University of Lahore, Lahore 54000, Pakistan
Muhammad Akmal: Department of Electrical and Power Engineering, Sheffield Hallam University, Sheffield S1 1WB, UK

Energies, 2018, vol. 11, issue 10, 1-25

Abstract: This paper proposes a system model for optimal dispatch of the energy and reserve capacity considering uncertain load demand and unsteady power generation. This implicates uncertainty in managing the power demand along with the consideration of utility, user and environmental objectives. The model takes into consideration a day-ahead electricity market that involves the varying power demand bids and generates a required amount of energy in addition with reserve capacity. The lost opportunity cost is also considered and incorporated within the context of expected load not served. Then, the effects of combined and separate dispatching the energy and reserve are investigated. The nonlinear cost curves have been addressed by optimizing the objective function using robust optimization technique. Finally, various cases in accordance with underlying parameters have been considered in order to conduct and evaluate numerical results. Simulation results show the effectiveness of proposed scheduling model in terms of reduced cost and system stability.

Keywords: co-dispatch; electricity market; energy and reserve; uncertainty; energy loss factor; co-optimization (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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