|Title||Stochastic coordinated transaction scheduling via probabilistic forecast|
|Publication Type||Conference Paper|
|Year of Publication||2015|
|Authors||Yuting Ji, Lang Tong|
|Conference Name||2015 IEEE Power & Energy Society General Meeting|
|Conference Location||Denver, 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.