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This paper presents a stochastic bi-level optimization model to determine the optimal dispatch of energy storage systems controlled directly by the distribution system operator (DSO) in order to achieve minimization of active power losses, taking into account the profit-driven participation of wind-power producers (WPPs) connected to the distribution system, in the day-ahead and imbalance markets...
In this study a novel two-stage stochastic programming based day-ahead joint energy and reserve scheduling model is developed. Demand-side as a reserve resource is explicitly modeled through responsive load aggregations, as well as large industrial consumers that directly participate in the scheduling procedure. Furthermore, a risk-hedging measure is introduced, namely the Conditional Value-at-Risk...
The presence of high levels of renewable energy resources (RES) and especially wind power production poses technical and economic challenges to system operators, which under this fact have to procure more ancillary services (AS) through various balancing mechanisms, in order to maintain the generation-consumption balance and to guarantee the security of the grid. Traditionally, these critical services...
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