01902nas a2200241 4500008003900000022001300039245005900052210005800111260001200169300001400181490000700195520121500202653001001417653002801427653002701455653002001482653001301502100001901515700001801534700002001552700001401572856007401586 2013 d a0142061500aRisk-limiting dispatch for integrating renewable power0 aRisklimiting dispatch for integrating renewable power c01/2013 a615 - 6280 v443 aRisk-limiting dispatch or RLD is formulated as the optimal solution to a multi-stage, stochastic decision problem. At each stage, the system operator (SO) purchases forward energy and reserve capacity over a block or interval of time. The blocks get shorter as operations approach real time. Each decision is based on the most recent available information, including demand, renewable power, weather forecasts. The accumulated energy blocks must at each time t match the net demand D(t) = L(t) − W(t). The load L and renewable power W are both random processes. The expected cost of a dispatch is the sum of the costs of the energy and reserve capacity and the penalty or risk from mismatch between net demand and energy supply. The paper derives computable ‘closed-form’ formulas for RLD. Numerical examples demonstrate that the minimum expected cost can be substantially reduced by recognizing that risk from current decisions can be mitigated by future decisions; by additional intra-day energy and reserve capacity markets; and by better forecasts. These reductions are quantified and can be used to explore changes in the SO’s decision structure, forecasting technology, and renewable penetration.10aCERTS10areliability and markets10arenewables integration10areserve markets10aRM11-0061 aRajagopal, Ram1 aBitar, Eilyan1 aVaraiya, Pravin1 aWu, Felix uhttps://certs.lbl.gov/publications/risk-limiting-dispatch-integrating01487nas a2200241 4500008003900000020002200039245004100061210004100102260003200143300001600175520079400191653001000985653002800995653002301023653002701046653001301073653001501086100001901101700001801120700001401138700002001152856007301172 2012 d a978-1-4577-1095-700aRisk limiting dispatch of wind power0 aRisk limiting dispatch of wind power aMontreal, QCbIEEEc06/2012 a4417 - 44223 aIntegrating wind and solar power into the grid requires dispatching various types of reserve generation to compensate for the randomness of renewable power. The dispatch is usually determined by a system operator (SO) or an aggregator who `firms' variable energy by bundling it with conventional power. The optimal dispatch is formulated as the solution to a stochastic control problem and shown to have a closed form that can be quickly computed. Different objectives and risk constraints can be included in the formulation and trade-offs can be evaluated. In particular one can quantify the influence of sequential forecasts on the total integration cost and the choice of dispatched generation. When the forecast error is Gaussian, the optimal dispatch policy can be precomputed.

10aCERTS10areliability and markets10areserve generation10arisk-limiting dispatch10aRM11-00610awind power1 aRajagopal, Ram1 aBitar, Eilyan1 aWu, Felix1 aVaraiya, Pravin uhttps://certs.lbl.gov/publications/risk-limiting-dispatch-wind-power