Abstract
To cope with the intermittency and uncertainty associated with renewable energy sources (RES), it is indispensable to introduce additional operational flexibility into the system. Though operation of soft open point (SOP), battery energy storage systems (BESS), demand response (DR), and dynamic network reconfiguration (DNR) has emerged as potential solution for increasing the operational flexibility in the system, an efficient operation and planning strategy is much needed for proper coordination of multiple aforementioned devices. In this context, a new two-stage coordinated optimization model has been developed for integrated operation and planning of RES, BESS, and SOP devices. The objective of the proposed methodology is to minimize the total investment and operating cost of RES, BESS, and SOP devices. Meanwhile, to address high-level uncertainties related to RES and load demands, a stochastic module has been adopted. The proposed framework has been implemented on IEEE 33-bus distribution system and solved by using proposed hybrid optimization solver.
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