|Title||Multi-proxy interchange scheduling under uncertainty|
|Publication Type||Conference Paper|
|Year of Publication||2016|
|Authors||Yuting Ji, Lang Tong|
|Conference Name||2016 IEEE Power and Energy Society General Meeting (PESGM)|
|Conference Location||Boston, 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.