Risk Reserve Constrained Economic Dispatch Model with Wind Power Penetration

Wei Zhou, Hui Sun and Yu Peng
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Wei Zhou: Department of Electrical and Electronics Engineering, Dalian University of Technology, Dalian, 116024, China
Hui Sun: Department of Electrical and Electronics Engineering, Dalian University of Technology, Dalian, 116024, China
Yu Peng: Department of Electrical and Electronics Engineering, Dalian University of Technology, Dalian, 116024, China

Energies, 2010, vol. 3, issue 12, 1-15

Abstract: This paper develops a modified economic dispatch (ED) optimization model with wind power penetration. Due to the uncertain nature of wind speed, both overestimation and underestimation of the available wind power are compensated using the up and down spinning reserves. In order to determine both of these two reserve demands, the risk-based up and down spinning reserve constraints are presented considering not only the uncertainty of available wind power, but also the load forecast error and generator outage rates. The predictor-corrector primal-dual interior point (IP) method is utilized to solve the proposed ED model. Simulation results of a system with ten conventional generators and one wind farm demonstrate the effectiveness of the proposed method.

Keywords: wind power; risk; economic dispatch; spinning reserve; interior point method (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: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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