Power system economic dispatch with spatio-temporal wind forecasts

Le Xie*, Yingzhong Gu, Xinxin Zhu, Marc G. Genton

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

15 Scopus citations

Abstract

In this paper spatio-temporal wind forecast is incorporated in power system economic dispatch models. Compared to most existing power system dispatch models, the proposed formulation takes into account both spatial and temporal wind power correlations. This in turn leads to an overall more cost-effective scheduling of system-wide wind generation portfolios. The potential economic benefits are manifested in the systemwide generation cost savings, as well as the ancillary service cost savings. We illustrate in a modified IEEE 24 bus system that the overall generation cost can be reduced by 12.7% by using spatio-temporal wind forecasts compared with only using a persistent forecast model.

Original languageEnglish (US)
Title of host publicationIEEE 2011 EnergyTech, ENERGYTECH 2011
DOIs
StatePublished - 2011
Externally publishedYes
EventIEEE 2011 EnergyTech, ENERGYTECH 2011 - Cleveland, OH, United States
Duration: May 25 2011May 26 2011

Other

OtherIEEE 2011 EnergyTech, ENERGYTECH 2011
CountryUnited States
CityCleveland, OH
Period05/25/1105/26/11

ASJC Scopus subject areas

  • Energy Engineering and Power Technology

Fingerprint

Dive into the research topics of 'Power system economic dispatch with spatio-temporal wind forecasts'. Together they form a unique fingerprint.

Cite this