Evaluation of Load-Following Reserves for Power Systems with Significant RES Penetration considering Risk Management

• Type: Article in International Conference Proceedings Book
• Date: 2015

Authors

Paterakis, NG (Author) Other; Sanchez de la Nieta, AAS (Author) Other; Catalao, JPS (Author) FEUP; Bakirtzis, AG (Author) Other; Ntomaris, A (Author) Other; Contreras, J (Author) Other

Conference proceedings International

Title: 2015 IEEE INTERNATIONAL CONFERENCE ON SMART ENERGY GRID ENGINEERING (SEGE 2015)

IEEE International Conference on Smart Energy Grid Engineering (SEGE)

Oshawa, CANADA, AUG 17-19, 2015

Indexing

ISI Web of Knowledge - 1 Citation

Scopus - 7 Citations

Other information

Authenticus ID: P-00K-BBG

DOI: 10.1109/sege.2015.7324574

Abstract (EN): In this study a novel two-stage stochastic programming based day-ahead joint energy and reserve scheduling model is developed. Demand-side as a reserve resource is explicitly modeled through responsive load aggregations, as well as large industrial consumers that directly participate in the scheduling procedure. Furthermore, a risk-hedging measure is introduced, namely the Conditional Value-at-Risk (CVaR), to analyze the behavior of energy and reserve scheduling by both the generation and the demand-side for a risk-averse ISO. The proposed methodology is tested on the practical non-interconnected insular power system of Crete, Greece, which is characterized by a significant penetration of Renewable Energy Sources (RES).

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 6