Risk-Averse Stochastic Midterm Scheduling of Thermal-Hydro-Wind System: A Network-Constrained Clustered Unit Commitment Approach

Abstract

With the increasing penetration of renewable energy, designing the efficient midterm (i.e., annual) schedule for multi-source power systems is valuable in providing substantial cost reductions and flexibilities while ensuring system security against uncertainties of renewables. This paper presents a risk-averse two-stage stochastic midterm scheduling model for thermal-hydro-wind systems against short-term uncertainties of renewable generation. A network-constrained clustered unit commitment (NC-CUC) model is proposed to effectively incorporate short-term operation constraints into the midterm scheduling model, for improving the solution accuracy while reducing computational burden. Specifically, as the traditional CUC model cannot ensure consistent unit commitment status of generators across all scenarios, a power flow-based unit clustering method is proposed to improve the accuracy of short-term operation results. In addition, the conditional value-at-risk (CVaR) is used to quantify the system operational risk caused by uncertainties of wind generation and natural water inflows. Case studies show that the risk-averse two-stage stochastic midterm scheduling model can ensure operation dynamics and solution efficiency, and the proposed clustering method can achieve a tradeoff between solution accuracy and computational burden for the stochastic network-constrained CUC model.