Multi-proxy interchange scheduling under uncertainty

TitleMulti-proxy interchange scheduling under uncertainty
Publication TypeConference Paper
Year of Publication2016
AuthorsYuting Ji, Lang Tong
Conference Name2016 IEEE Power and Energy Society General Meeting (PESGM)
Date Published07/2016
Conference LocationBoston, MA, USA

The problem of inter-regional interchange scheduling using a multiple proxy bus representation is considered. A new scheduling technique is proposed for the multi-proxy bus system based on a stochastic optimization that captures uncertainty in renewable generation and stochastic load. In particular, the proposed algorithm iteratively optimizes the interchange across multiple proxy buses using a vectorized notion of demand and supply functions. The proposed technique leverages the operator's capability of forecasting locational marginal prices (LMPs) and obtains the optimal interchange schedule directly without iterations between operators.