Comparison of scenario reduction techniques for the stochastic unit commitment

Yury Dvorkin, Yishen Wang, Hrvoje Pandzic, Daniel Kirschen

Research output: Contribution to journalConference article

Abstract

A number of scenario reduction techniques have been proposed to make possible the practical implementation of stochastic unit commitment formulations. These scenario-reduction techniques aggregate similar scenarios based on their metrics, such as their probability, hourly magnitudes, or the cost resulting from each scenario. This paper compares these different scenario reduction techniques in terms of the resulting operating cost and the amount of time required to complete computation of the stochastic UC. This comparison is based on Monte Carlo simulations of the resulting generation schedules for a modified version of the 24-bus IEEE-RTS.

Original languageEnglish (US)
Article number6939042
JournalIEEE Power and Energy Society General Meeting
Volume2014-October
Issue numberOctober
DOIs
StatePublished - Oct 29 2014
Event2014 IEEE Power and Energy Society General Meeting - National Harbor, United States
Duration: Jul 27 2014Jul 31 2014

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Nuclear Energy and Engineering
  • Renewable Energy, Sustainability and the Environment
  • Electrical and Electronic Engineering

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