A robust optimization approach to energy and reserve dispatch in electricity markets
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Summary
This work proposes a novel reformulation of the problem that allows considering general polyhedral uncertainty sets and shows that the robust optimization model scales well with the size of the power system, which is promising in view of real-world applications of this approach.
- Type
- article
- Published
- 2015-12-01
- Cited by
- 182
- References
- 27
- Access
- Open access
- OpenAlex
- https://openalex.org/W601815280
- Semantic Scholar
- https://api.semanticscholar.org/CorpusID:1978560
Keywords
Electricity, Robust optimization, Electricity market, Economics, Energy (signal processing)
References
- Complementarity Modeling in Energy Markets
- Theory and Applications of Robust Optimization
- Decomposition Techniques in Mathematical Programming: Engineering and Science Applications
- Optimization of conditional value-at risk
- Robust unit commitment problem with demand response and wind energy
- An SOS1-Based Approach for Solving MPECs with a Natural Gas Market Application
- Two-stage network constrained robust unit commitment problem
- The IEEE Reliability Test System-1996. A report prepared by the Reliability Test System Task Force of the Application of Probability Methods Subcommittee
- Robust Unit Commitment With Wind Power and Pumped Storage Hydro
- Adaptive Robust Optimization for the Security Constrained Unit Commitment Problem
- Uncertainty Sets for Robust Unit Commitment
- The Cutting-Plane Method for Solving Convex Programs
- A Single-Settlement, Energy-Only Electric Power Market for Unpredictable and Intermittent Participants
- A Representation and Economic Interpretation of a Two-Level Programming Problem
- Weekly self-scheduling, forward contracting, and pool involvement for an electricity producer. An adaptive robust optimization approach
- Solving two-stage robust optimization problems using a column-and-constraint generation method
- Economic Valuation of Reserves in Power Systems With High Penetration of Wind Power
- MATPOWER: Steady-State Operations, Planning, and Analysis Tools for Power Systems Research and Education
- A methodology to evaluate regional-scale offshore wind energy resources
- Directional calibrated wind and wave reanalysis databases using instrumental data for optimal design of off-shore wind farms
Cited by
- Robust Energy Management Systems for Isolated Microgrids Under Uncertainty
- On quantification of flexibility in power systems
- Energy and Reserve Management in Interconnected Systems including Electric Railway and Public Power Grids
- Exploring the Modeling Capacity of Two-Stage Robust Optimization: Variants of Robust Unit Commitment Model
- Robust Corrective Control Measures in Power Systems With Dynamic Line Rating
- Reliable p-median facility location problem: two-stage robust models and algorithms
- Robust Optimization of Static Reserve Planning With Large-Scale Integration of Wind Power: A Game Theoretic Approach
- Operational strategies for predictive dispatch of control reserves in view of stochastic generation
- Real-Time Dispatchability of Bulk Power Systems With Volatile Renewable Generations
- Dispatchable Region of the Variable Wind Generation
- Robust economic/emission dispatch considering wind power uncertainties and flexible operation of carbon capture and storage
- Weekly self-scheduling, forward contracting, and pool involvement for an electricity producer. An adaptive robust optimization approach
- Distributionally Robust Co-Optimization of Energy and Reserve Dispatch
- A comparison of four approaches from stochastic programming for large-scale unit-commitment
- Commitment and dispatch of heat and power units via affinely adjustable robust optimization
- Forward thresholds for operation of pumped-storage stations in the real-time energy market
- Estimating the Probability of Infeasible Real-Time Dispatch Without Exact Distributions of Stochastic Wind Generations
- Optimization Control of the Color-Coating Production Process for Model Uncertainty
- Exact Convex Modeling of the Optimal Power Flow for the Operation and Planning of Active Distribution Networks with Energy Storage Systems
- On Operational Flexibility in Transmission Constrained Electric Power Systems
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