Two-stage stochastic approach for spinning reserve allocation in dynamic economic dispatch

A novel approach was proposed to allocate spinning reserve for dynamic economic dispatch. The proposed approach set up a two-stage stochastic programming model to allocate reserve. The model was solved using a decomposed algorithm based on Benders’ decomposition. The model and the algorithm were app...

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Bibliographic Details
Published inJournal of Central South University Vol. 21; no. 2; pp. 577 - 586
Main Authors Yang, Ming, Zhang, Li, Han, Xue-shan, Cheng, Feng-lu
Format Journal Article
LanguageEnglish
Published Heidelberg Central South University 01.02.2014
Subjects
Engineering
Metallic Materials
Benders’ decomposition
power system
response risk
spinning reserve
dynamic economic dispatch
two-stage stochastic programming
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ISSN2095-2899
2227-5223
DOI10.1007/s11771-014-1976-6

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Summary:A novel approach was proposed to allocate spinning reserve for dynamic economic dispatch. The proposed approach set up a two-stage stochastic programming model to allocate reserve. The model was solved using a decomposed algorithm based on Benders’ decomposition. The model and the algorithm were applied to a simple 3-node system and an actual 445-node system for verification, respectively. Test results show that the model can save 84.5 US $ cost for the testing three-node system, and the algorithm can solve the model for 445-node system within 5 min. The test results also illustrate that the proposed approach is efficient and suitable for large system calculation.
ISSN:2095-2899
2227-5223
DOI:10.1007/s11771-014-1976-6