2011
Autores
Maciel, RS; Padilha Feltrin, A; da Rosa, MA; Miranda, V;
Publicação
2011 2ND IEEE PES INTERNATIONAL CONFERENCE AND EXHIBITION ON INNOVATIVE SMART GRID TECHNOLOGIES (ISGT EUROPE)
Abstract
This paper proposes a methodology to consider the effects of the integration of DG on planning. Since DG has potential to defer investments in networks, the impact of DG on grid capacity is evaluated. A multi-objective optimization tool based on the meta-heuristic MEPSO is used, supporting an alternative approach to exploiting the Pareto front features. Tests were performed in distinct conditions with two well-known distribution networks: IEEE-34 and IEEE-123. The results combined minimization and maximization in order to produce different Pareto fronts and determine the extent of the impact caused by DG. The analysis provides useful information, such as the identification of futures that should be considered in planning. A future means a set of realizations of all uncertainties. MEPSO also presented a satisfactory performance in obtaining the Pareto fronts.
2011
Autores
Bessa, RJ; Mendes, J; Miranda, V; Botterud, A; Wang, J; Zhou, Z;
Publicação
2011 IEEE PES Trondheim PowerTech: The Power of Technology for a Sustainable Society, POWERTECH 2011
Abstract
A probabilistic forecast, in contrast to a point forecast, provides to the end-user more and valuable information for decision-making problems such as wind power bidding into the electricity market or setting adequate operating reserve levels in the power system. One important requirement is to have flexible representations of wind power forecast (WPF) uncertainty, in order to facilitate their inclusion in several problems. This paper reports results of using the quantile-copula conditional Kernel density estimator in the WPF problem, and how to select the adequate kernels for modeling the different variables of the problem. The method was compared with splines quantile regression for a real wind farm located in the U.S. Midwest. © 2011 IEEE.
2011
Autores
Botterud, A; Zhou, Z; Wang, J; Valenzuela, J; Sumaili, J; Bessa, RJ; Keko, H; Miranda, V;
Publicação
2011 IEEE PES Trondheim PowerTech: The Power of Technology for a Sustainable Society, POWERTECH 2011
Abstract
In this paper we discuss how probabilistic wind power forecasts can serve as an important tool to efficiently address wind power uncertainty in power system operations. We compare different probabilistic forecasting and scenario reduction methods, and test the resulting forecasts on a stochastic unit commitment model. The results are compared to deterministic unit commitment, where dynamic operating reserve requirements can also be derived from the probabilistic forecasts. In both cases, the use of probabilistic forecasts contributes to improve the system performance in terms of cost and reliability. © 2011 IEEE.
2010
Autores
Botterud, A; Wang, J; Miranda, V; Bessa, RJ;
Publicação
Electricity Journal
Abstract
Wind power forecasting is becoming an important tool in electricity markets, but the use of these forecasts in market operations and among market participants is still at an early stage. The authors discuss the current use of wind power forecasting in U.S. ISO/RTO markets, and offer recommendations for how to make efficient use of the information in state-of-the-art forecasts. © 2010 Elsevier Inc.
2012
Autores
Bessa, RJ; Miranda, V; Botterud, A; Wang, JH; Constantinescu, EM;
Publicação
IEEE TRANSACTIONS ON SUSTAINABLE ENERGY
Abstract
This paper reports the application of a new kernel density estimation model based on the Nadaraya-Watson estimator, for the problem of wind power uncertainty forecasting. The new model is described, including the use of kernels specific to the wind power problem. A novel time-adaptive approach is presented. The quality of the new model is benchmarked against a splines quantile regression model currently in use in the industry. The case studies refer to two distinct wind farms in the United States and show that the new model produces better results, evaluated with suitable quality metrics such as calibration, sharpness, and skill score.
2010
Autores
Botterud, A; Wang, J; Bessa, RJ; Keko, H; Miranda, V;
Publicação
IEEE POWER AND ENERGY SOCIETY GENERAL MEETING 2010
Abstract
This paper discusses risk management, contracting, and bidding for a wind power producer. A majority of the wind power in the United States is sold on long-term power purchase agreements, which hedge the wind power producer against future price risks. However, a significant amount is sold as merchant power and therefore is exposed to fluctuations in future electricity prices (day-ahead and real-time) and potential imbalance penalties. Wind power forecasting can serve as a tool to increase the profit and reduce the risk from participating in the wholesale electricity market. We propose a methodology to derive optimal day-ahead bids for a wind power producer under uncertainty in realized wind power and market prices. We also present an initial illustrative case study from a hypothetical wind site in the United States, where we compare the results of different day-ahead bidding strategies. The results show that the optimal day-ahead bid is highly dependent on the expected day-ahead and real-time prices, and also on the risk preferences of the wind power producer. A deviation penalty between day-ahead bid and real-time delivery tends to drive the bids closer to the expected generation for the next day.
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