Title :
Stochastic coordinated transaction scheduling via probabilistic forecast
Author :
Yuting Ji; Lang Tong
Author_Institution :
School of Electrical and Computer Engineering Cornell University, Ithaca, NY, USA
fDate :
7/1/2015 12:00:00 AM
Abstract :
The problem of real-time interchange scheduling between two independently operated regions is considered. An optimal scheduling scheme is proposed by maximizing the expected economic surplus based on Coordinated Transaction Scheduling (CTS) mechanism. The proposed technique incorporates probabilistic forecasts of renewable generation to optimize the interchange schedule using a parametric programming formulation, from which statistical real-time generation supply offer curves are constructed.
Keywords :
"Schedules","Real-time systems","Economics","Programming","Stochastic processes","Wind forecasting","Probabilistic logic"
Conference_Titel :
Power & Energy Society General Meeting, 2015 IEEE
DOI :
10.1109/PESGM.2015.7286497