Comparison of scenario reduction techniques for the stochastic unit commitment

Yury Dvorkin, Yishen Wang, Hrvoje Pandzic, Daniel Kirschen

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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)
Title of host publication2014 IEEE PES General Meeting / Conference and Exposition
PublisherIEEE Computer Society
EditionOctober
ISBN (Electronic)9781479964154
DOIs
StatePublished - Oct 29 2014
Event2014 IEEE Power and Energy Society General Meeting - National Harbor, United States
Duration: Jul 27 2014Jul 31 2014

Publication series

NameIEEE Power and Energy Society General Meeting
NumberOctober
Volume2014-October
ISSN (Print)1944-9925
ISSN (Electronic)1944-9933

Conference

Conference2014 IEEE Power and Energy Society General Meeting
Country/TerritoryUnited States
CityNational Harbor
Period7/27/147/31/14

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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