A Review of Uncertainty Handling Techniques in Smart Grid

Abstract

This paper is a review of uncertainty modeling techniques used in smart grid studies. The literature dealing with uncertainty from various sources in smart grid is analyzed and presented. In a modern power grid, the risk may arise due to different reasons; in-termittent renewable energy sources, uncertain consumer reactions on demand response, driving patterns of electric vehicles, etc. The paper has two objectives. First is to bring out the trends in uncertainty handling techniques used in electrical power system problems, and second to introduce the scope of new risk processing techniques with the perspective of recent smart grid issues.