TY - GEN
T1 - Economic Dispatch of Power Systems using Spatio-temporal Kriging-based Wind Forecasts
AU - Tinitana, Julio Cuenca
AU - Correa-Florez, Carlos
AU - Patino, Diego
AU - Vuelvas, Jose
AU - Aleaga, Leonel
AU - Carrion, Jorge
N1 - Publisher Copyright:
© 2022 IEEE.
PY - 2022
Y1 - 2022
N2 - 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.
AB - 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.
KW - economic dispatch
KW - spatio-temporal kriging
KW - stochastic optimization
KW - wind forecasts
UR - http://www.scopus.com/inward/record.url?scp=85146418315&partnerID=8YFLogxK
U2 - 10.1109/ANDESCON56260.2022.9989609
DO - 10.1109/ANDESCON56260.2022.9989609
M3 - Conference contribution
AN - SCOPUS:85146418315
T3 - 2022 IEEE ANDESCON: Technology and Innovation for Andean Industry, ANDESCON 2022
BT - 2022 IEEE ANDESCON
A2 - Lozada, Mariela Cerrada
A2 - Mendoza, Paul Sanmartiin
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 11th IEEE Conference of the Andean Council, ANDESCON 2022
Y2 - 16 November 2022 through 19 November 2022
ER -