Stochastic coordinated transaction scheduling via probabilistic forecast

TitleStochastic coordinated transaction scheduling via probabilistic forecast
Publication TypeConference Paper
Year of Publication2015
AuthorsYuting Ji, Lang Tong
Conference Name2015 IEEE Power & Energy Society General Meeting
Date Published07/2015
Conference LocationDenver, CO, USA

The problem of real-time interchange scheduling between two independently operated regions is considered. An optimal scheduling scheme is proposed by maximizing the expected economic surplus based on Coordinated Transaction Scheduling (CTS) mechanism. The proposed technique incorporates probabilistic forecasts of renewable generation to optimize the interchange schedule using a parametric programming formulation, from which statistical real-time generation supply offer curves are constructed.