Abstract
Economic dispatch (ED) is crucial for efficiently operating a power grid. Critical grid operations are impacted by the uncertainty of renewable sources, which poses operational challenges for grid operations. Therefore, this study proposes an economic dispatch model that accounts for the uncertainty of renewable generation. The framework models and incorporates uncertainty into the ED formulation using the Information Gap Decision Theory (IGDT). To this end, a multiobjective risk-Averse IGDT model is developed, enabling the operator to evaluate uncertainty-Associated risks. Subsequently, the IGDT model is validated by employing a modified IEEE 24-bus test system with multiple wind generators. It is observed that the IGDT proposal achieves operational cost savings and adequately integrates renewable energy generation. The numerical results indicate that the proposed IGDT framework can help operators make decisions based on achieving a target cost for a given level of uncertainty.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 2023 IEEE 6th Colombian Conference on Automatic Control, CCAC 2023 |
| Editors | Diana Marcela Ovalle Martiinez, Luis Francisco Combita Alfonso |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| ISBN (Electronic) | 9798350324723 |
| DOIs | |
| State | Published - 2023 |
| Event | 6th IEEE Colombian Conference on Automatic Control, CCAC 2023 - Popayan, Colombia Duration: 17 Oct 2023 → 20 Oct 2023 |
Publication series
| Name | Proceedings of the 2023 IEEE 6th Colombian Conference on Automatic Control, CCAC 2023 |
|---|
Conference
| Conference | 6th IEEE Colombian Conference on Automatic Control, CCAC 2023 |
|---|---|
| Country/Territory | Colombia |
| City | Popayan |
| Period | 17/10/23 → 20/10/23 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy
Keywords
- economic dispatch
- information gap decision theory
- renewable generation
- renewable integration
- risk-Averse
- uncertainty
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