Stochastic Robust Real-Time Power Dispatch With Wind Uncertainty Using Difference- of-Convexity Optimization

Abstract

This paper proposes a novel stochastic robust real-time power dispatch model considering wind uncertainty. In this dispatch model that incorporates automatic power generation control, system constraints are constructed with affinely adjustable robust optimization to enhance the system security, while the objective concerning the expected value of generation cost is optimized to improve the cost efficiency. The optimized objective is consistent with stochastic optimization, while the formulation for the objective is different. A Nataf conversion-based three-point estimate (NC-TPE) is adopted, which uses an approximating function to formulate the expected generation cost with deterministic estimate points. Compared to traditional stochastic sampling methods, the deterministic assessment method NC-TPE achieves an accurate formulation with more stable and efficient computation performance. The dispatch model is derived as a problem with nonconvex objective and bilinear constraints using the dual theory. To address the highly nonconvex problem, the objective and bilinear constraints are first converted to difference-of-convexity functions, and then a tailored difference-of-convexity optimization is employed to convexify the nonconvex functions, such that the original problem can be solved with an iterative quadratically constrained program. Numerical simulations demonstrate the economic superiority and robustness of the proposed model, as well as the effectiveness of the convexified solution.