DocumentCode
135314
Title
Applying robust optimization to MISO Look-Ahead commitment
Author
Yonghong Chen ; Qianfan Wang ; Xing Wang ; Yongpei Guan
Author_Institution
Midcontinent Indep. Syst. Operator, Inc. (MISO), Carmel, IN, USA
fYear
2014
fDate
27-31 July 2014
Firstpage
1
Lastpage
5
Abstract
Managing uncertainty has been a challenging task for market operations. This paper first reviews the current practice of managing uncertainties at MISO. A framework of using robust optimization based approach on MISO Look-Ahead commitment (LAC) is then introduced. The numerical results show that this type of approaches are promising and yet with challenges to overcome in order to be practical for real world application.
Keywords
optimisation; power generation dispatch; power generation scheduling; MISO LAC; MISO look-ahead commitment; market operations; robust optimization; uncertainty management; Biological system modeling; Economics; Optimization; Power systems; Robustness; Uncertainty; Wind; Look-Ahead Unit Commitment; Mixed-Integer Programming; Two-Stage Robust Optimization; Uncertainty;
fLanguage
English
Publisher
ieee
Conference_Titel
PES General Meeting | Conference & Exposition, 2014 IEEE
Conference_Location
National Harbor, MD
Type
conf
DOI
10.1109/PESGM.2014.6939258
Filename
6939258
Link To Document