Risk Assessment with Generic Energy Storage under Exogenous and Endogenous Uncertainty

Ning Qi, Lin Cheng, Yuxiang Wan, Yingrui Zhuang and Zeyu Liu

Papers from arXiv.org

Abstract: Current risk assessment ignores the stochastic nature of energy storage availability itself and thus lead to potential risk during operation. This paper proposes the redefinition of generic energy storage (GES) that is allowed to offer probabilistic reserve. A data-driven unified model with exogenous and endogenous uncertainty (EXU & EDU) description is presented for four typical types of GES. Moreover, risk indices are proposed to assess the impact of overlooking (EXU & EDU) of GES. Comparative results between EXU & EDU are illustrated in distribution system with day-ahead chance-constrained optimization (CCO) and more severe risks are observed for the latter, which indicate that system operator (SO) should adopt novel strategies for EDU uncertainty.

Date: 2022-03
New Economics Papers: this item is included in nep-ene
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