About: Penalizing Source Uncertainty in Wholesale Electricity Markets

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	Many renewable energy sources are intermittent. The DC optimal power flow method used by wholesale markets for economic dispatch and energy pricing provides no way of evaluating the worth of such sources. We propose that the bids of the intermittent sources include uncertainty levels as well as energy prices, and develop, for radial distribution networks, a new probabilistic version of the DC OPF problem that bears the same structure but penalizes intermittency. The new problem is solved for several instances of the IEEE 32 node radial network. It is shown that the probabilistic approach correctly captures many economic and operational effects of source uncertainty. While fixed energy sources have a greater value at distant locations, intermittent energy sources are better near fixed energy sources that can compensate their power fluctuations. Many renewable energy sources are intermittent. The DC optimal power flow method used by wholesale markets for economic dispatch and energy pricing provides no way of evaluating the worth of such sources. We propose that the bids of the intermittent sources include uncertainty levels as well as energy prices, and develop, for radial distribution networks, a new probabilistic version of the DC OPF problem that bears the same structure but penalizes intermittency. The new problem is solved for several instances of the IEEE 32 node radial network. It is shown that the probabilistic approach correctly captures many economic and operational effects of source uncertainty. While fixed energy sources have a greater value at distant locations, intermittent energy sources are better near fixed energy sources that can compensate their power fluctuations. (en)
Title	Penalizing Source Uncertainty in Wholesale Electricity Markets Penalizing Source Uncertainty in Wholesale Electricity Markets (en)
skos:prefLabel	Penalizing Source Uncertainty in Wholesale Electricity Markets Penalizing Source Uncertainty in Wholesale Electricity Markets (en)
skos:notation	RIV/49777513:23520/11:43898237!RIV12-MSM-23520___
http://linked.open...avai/riv/aktivita	P
http://linked.open...avai/riv/aktivity	P(1M0567), P(FR-TI1/462)
http://linked.open...vai/riv/dodaniDat	2012
http://linked.open...aciTvurceVysledku	Janeček, Eduard
http://linked.open.../riv/druhVysledku	O - Ostatní výsledky nezařaditelné do žádného z výše uvedených druhů výsledku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Západočeská univerzita v Plzni / Fakulta aplikovaných věd
http://linked.open...dnocenehoVysledku	219847
http://linked.open...ai/riv/idVysledku	RIV/49777513:23520/11:43898237
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	Economics , Equations , Mathematical model , Probabilistic logic , Real time systems , Robustness , Uncertainty (en)
http://linked.open.../riv/klicoveSlovo	Uncertainty Economics Equations Mathematical model Probabilistic logic Real time systems Robustness
http://linked.open...ontrolniKodProRIV	[84EC76389580]
http://linked.open...in/vavai/riv/obor	BC
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...vavai/riv/projekt	Research and developement of %22Wide Area Monitoring%22 system for distribution energy companies. Centre for Applied Cybernetics
http://linked.open...UplatneniVysledku	2011
http://linked.open...iv/tvurceVysledku	Janeček, Eduard Georgiev, Daniel
http://bibframe.org/vocab/doi	10.1109/EEEIC.2011.5874629
http://localhost/t...ganizacniJednotka	23520

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