Title :
Applying robust optimization to MISO Look-Ahead commitment
Author :
Yonghong Chen ; Qianfan Wang ; Xing Wang ; Yongpei Guan
Author_Institution :
Midcontinent Indep. Syst. Operator, Inc. (MISO), Carmel, IN, USA
Abstract :
Managing uncertainty has been a challenging task for market operations. This paper first reviews the current practice of managing uncertainties at MISO. A framework of using robust optimization based approach on MISO Look-Ahead commitment (LAC) is then introduced. The numerical results show that this type of approaches are promising and yet with challenges to overcome in order to be practical for real world application.
Keywords :
optimisation; power generation dispatch; power generation scheduling; MISO LAC; MISO look-ahead commitment; market operations; robust optimization; uncertainty management; Biological system modeling; Economics; Optimization; Power systems; Robustness; Uncertainty; Wind; Look-Ahead Unit Commitment; Mixed-Integer Programming; Two-Stage Robust Optimization; Uncertainty;
Conference_Titel :
PES General Meeting | Conference & Exposition, 2014 IEEE
Conference_Location :
National Harbor, MD
DOI :
10.1109/PESGM.2014.6939258
