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This paper presents an application of the stochastic optimal power flow method to determine the energy and reserve schedules for a system with large amount of wind generation. Unlike contingency analysis, the requirements for operating reserves based on the stochastic optimal power flow are not predefined. Instead, the reserve requirement is generated to meet both the system reliability and economic...
The liberalization of the electricity sector has introduced competition at the generation level and gives incentives to new generating firms to attempt to enter the electricity market. However, due to the complexities related to the electrical energy trade, the newcomers should proceed only after careful decisions about their future plans and strategic actions. The following research shows that the...
Grid-connected photovoltaic (PV) power plants and distributed PV system installations are becoming a reality. The uptake of such technology is expected to accelerate during the next decade especially in regions such as Southern Europe due to the presence of high solar irradiance and the continuous pressure for the implementation of numerous renewable energy generation technologies. In the light of...
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