Economic Dispatch of Power Systems using Spatio-temporal Kriging-based Wind Forecasts

Julio Cuenca Tinitana, Carlos Correa-Florez, Diego Patino, Jose Vuelvas, Leonel Aleaga, Jorge Carrion

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

In this paper, spatio-temporal wind forecasts based on the Kriging theory principle are incorporated into the power systems economic dispatch model. The proposed mathematical formulation takes into account both spatial and temporal wind power correlations. As a result, overall cost-effective dispatch of system-wide wind energy is achieved. Lower system-wide generation costs are one of the possible economic benefits. We demonstrate how, compared to a deterministic model, using spatio-temporal wind forecasts can reduce overall generation costs. The dispatch model is evaluated on a modified IEEE 24-bus system and implemented using Julia programming.

Original languageEnglish
Title of host publication2022 IEEE ANDESCON
Subtitle of host publicationTechnology and Innovation for Andean Industry, ANDESCON 2022
EditorsMariela Cerrada Lozada, Paul Sanmartiin Mendoza
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781665488549
DOIs
StatePublished - 2022
Event11th IEEE Conference of the Andean Council, ANDESCON 2022 - Barranquilla, Colombia
Duration: 16 Nov 202219 Nov 2022

Publication series

Name2022 IEEE ANDESCON: Technology and Innovation for Andean Industry, ANDESCON 2022

Conference

Conference11th IEEE Conference of the Andean Council, ANDESCON 2022
Country/TerritoryColombia
CityBarranquilla
Period16/11/2219/11/22

Keywords

  • economic dispatch
  • spatio-temporal kriging
  • stochastic optimization
  • wind forecasts

Fingerprint

Dive into the research topics of 'Economic Dispatch of Power Systems using Spatio-temporal Kriging-based Wind Forecasts'. Together they form a unique fingerprint.

Cite this