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In order to achieve clean and sustainable power energy, largescale integration of stochastic generation (SG) and application of ultra-high voltage (UHV) power transmission are becoming two big challenges to Jiangsu's power system. Massive additional operating reserves are needed to cope with uncertainties caused by forecast errors of the stochastic generation and risks of the UHV fault due to its...
The large-scale integration of stochastic generation requires additional operating reserves to cope with the uncertainty in power system operation, due to the large forecast error with existing methodologies. Previous research shows that allocating power reserves dynamically according to conditional distribution of power forecast error would benefit the generation scheduling in day-ahead electricity...
In competitive electricity markets which are open for both generation and distribution sides, load serving entities (LSEs) are required to participate in the market competition with risks, since their profits usually reduced because of the shortage of power supply, and their purchasing prices were fluctuant with uncertainties due to the unforeseen bidding. This paper develops the optimal bidding strategies...
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