Available transfer capability evaluation in a deregulated electricity market considering correlated wind power

Evaluation of available transfer capability (ATC) is a complicated process involving the determination of the total transfer capability (TTC) and the existing transfer commitments (ETC). Considering the uncertain renewable generation such as wind power will bring more challenge to this process. Prev...

Full description

Saved in:
Bibliographic Details
Published in:IET generation, transmission & distribution Vol. 12; no. 1; pp. 53 - 61
Main Authors: Chen, Houhe, Fang, Xin, Zhang, Rufeng, Jiang, Tao, Li, Guoqing, Li, Fangxing
Format: Journal Article
Language:English
Published: The Institution of Engineering and Technology 01.01.2018
Subjects:
available transfer capability
bi‐level optimisation framework
continuous power flow
correlated wind power
deregulated electricity market
economic dispatch
IEEE 118‐bus systems
independent system operator
integer programming
Karush–Kuhn–Tucker optimality conditions
linear programming
mathematic program with equilibrium constraints
mixed‐integer linear programming problem
planning
power generation economics
power generation planning
power markets
Research Article
total transfer capability
transfer capability evaluation
transmission commitments
transmission networks
wind farms
wind power
wind power plants
power generation planning
transmission commitments
integer programming
transfer capability evaluation
continuous power flow
bi-level optimisation framework
available transfer capability
linear programming
correlated wind power
economic dispatch
mixed-integer linear programming problem
wind farms
mathematic program with equilibrium constraints
transmission networks
power generation economics
deregulated electricity market
planning
wind power
total transfer capability
independent system operator
IEEE 118-bus systems
power markets
Karush–Kuhn–Tucker optimality conditions
wind power plants
ISSN:1751-8687, 1751-8695
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Evaluation of available transfer capability (ATC) is a complicated process involving the determination of the total transfer capability (TTC) and the existing transfer commitments (ETC). Considering the uncertain renewable generation such as wind power will bring more challenge to this process. Previously the uncertainty of wind power is considered either in the ED model or the following TTC calculation, but not included in two process simultaneously. Therefore, the ATC output may not be accurate since the uncertainty impact two problem simultaneously. To consider the uncertainty and correlation of wind power in both ISO’s ED and ATC evaluation, this paper proposes a bi-level optimization framework in which the ATC evaluation is formulated as the upper level problem and the ED is the lower level. The bi-level model is first converted to a mathematic program with equilibrium constraints (MPEC) by recasting the lower level problem as its Karush-Kuhn-Tucker (KKT) optimality conditions, and then transformed to a mixed-integer linear programming (MILP) problem which can be solved by existing optimization tools. Case studies on the PJM 5-bus and IEEE 118-bus systems are presented to verify the proposed methodology and the impacts of correlation of wind power on ATC are analysed.
ISSN:1751-8687
1751-8695
DOI:10.1049/iet-gtd.2016.1883