Abstract
With more uncertainty and variability existing in smart grid, deterministic load flow, which is used to analyze the operation conditions on a daily routine and planning the power systems for future investment, could not solve the problems with consideration of renewable generation intermittence and load variation. Nowadays, with more attentions are paid to the environment, carbon emission problem is one of the main concerns in smart grid strategies and planning. It is a great opportunity and challenge for planners to take good care of all stakeholders' interests. Multi-objectives need to be considered when making a critical decision. This paper presents result comparisons between probabilistic optimal load flow and probabilistic load flow by considering both carbon emission and minimization of power loss of the entire grid. The framework is applied to the modified IEEE 14-bus system, which is modeled in Power Factory Dig SILENT, with intermittent wind energy source and load variation consideration.
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