Abstract
This paper presents a new approach for the joint energy and reserves scheduling and unit commitment with n-K reliability constraints for the day-ahead market. The proposed method includes a novel n-K criterion where demand must be met with a specified probability under any simultaneous loss of K generating units. A chance-constrained method is proposed with an α-quantile measure to determine the confidence level to meet the demand under K simultaneous contingencies. The chance-constrained optimization problem is recast as a mixed integer linear programming optimization problem. Wind and demand uncertainty are included into the model. The methodology proposed is illustrated with several case studies where the effect of increasing wind power penetration is analyzed showing the performance of our model.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
