DocumentCode :
690750
Title :
An economic dispatch model considering the volatility and uncertainty of wind power
Author :
Chen Xu ; Feng Zhao ; Shan He ; Xiangning Lin ; Chong Shao
Author_Institution :
State Key Lab. of Adv. Electromagn. Eng. & Technol., Huazhong Univ. of Sci. & Technol., Wuhan, China
fYear :
2013
fDate :
8-11 Dec. 2013
Firstpage :
1
Lastpage :
5
Abstract :
The integration of reserve capacity allocation and wind power prediction probabilistic analysis is put forward to deal with the problems caused by wind power volatility and uncertainty. On this point the consequence of wind power is quantified and introduced to the wind power price compensation model. Based on this, taking the environmental benefits into consideration, sewage cost of thermal power units is counted and a more reasonable pricing model by statistic significance of power system dispatch with wind power is put forward. Example shows that this model can effectively reflect the impacts of different economic policy factors, and at the same time, proper allocation of the model could reduce the influence of wind power fluctuation and uncertainty, which will advance the sound development of wind power.
Keywords :
compensation; power generation dispatch; power generation economics; pricing; probability; thermal power stations; wind power plants; economic dispatch model; economic policy factor; pricing model; reserve capacity allocation integration; sewage cost; thermal power unit; wind power fluctuation; wind power prediction probabilistic analysis; wind power price compensation model; wind power sound development; wind power uncertainty; wind power volatility; Capacity planning; Economics; Power systems; Predictive models; Uncertainty; Wind forecasting; Wind power generation; Economic dispatch; reserve capacity; volatility and uncertainty; wind power;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Power and Energy Engineering Conference (APPEEC), 2013 IEEE PES Asia-Pacific
Conference_Location :
Kowloon
Type :
conf
DOI :
10.1109/APPEEC.2013.6837255
Filename :
6837255
Link To Document :
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