Risk-Sensitive Security-Constrained Economic Dispatch via Critical Region Exploration

Avinash N. Madavan, Subhonmesh Bose, Ye Guo, Lang Tong

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

We propose a risk-sensitive security constrained economic dispatch (R-SCED) problem that allows a system operator to systematically tradeoff between the cost of power procurement and the reliability of power delivery in the event of a contingency. Our formulation includes a parameterized conditional value at risk (CVaR) of the cost across contingencies and allows for redispatch of generators and load shedding. Finally, we propose the critical region exploration (CRE) algorithm to solve R-SCED, and discuss its performance on the IEEE 30-bus test system.

Original languageEnglish (US)
Title of host publication2019 IEEE Power and Energy Society General Meeting, PESGM 2019
PublisherIEEE Computer Society
ISBN (Electronic)9781728119816
DOIs
StatePublished - Aug 2019
Event2019 IEEE Power and Energy Society General Meeting, PESGM 2019 - Atlanta, United States
Duration: Aug 4 2019Aug 8 2019

Publication series

NameIEEE Power and Energy Society General Meeting
Volume2019-August
ISSN (Print)1944-9925
ISSN (Electronic)1944-9933

Conference

Conference2019 IEEE Power and Energy Society General Meeting, PESGM 2019
CountryUnited States
CityAtlanta
Period8/4/198/8/19

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Nuclear Energy and Engineering
  • Renewable Energy, Sustainability and the Environment
  • Electrical and Electronic Engineering

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