TY - GEN
T1 - Cost-Benefit Analysis Method for Optimizing Spinning Reserve Requirements with Consideration of Wind Power Generation under Carbon Trading Environment
AU - Zhang, Liudong
AU - Yuan, Yubo
AU - Chen, Bing
N1 - Publisher Copyright:
© 2017 IEEE.
PY - 2017/5/11
Y1 - 2017/5/11
N2 - Because various uncertainties in power systems including forecast errors of load and wind power as well as forced outages of generators are difficult to be comprehensively and accurately considered, the existing methods of spinning reserve optimization considering low-carbon factors cost cannot coordinate the impacts of wind power scheduling on the reliability, economy and low-carbon emission of power systems operation. Therefore, based on cost-benefit analysis, the loss-of-load risk of power systems considering wind power curtailments and the probabilistic characteristics of load, wind power and generators is firstly determined in this paper, and then a model which simultaneously minimizes the generation cost of conventional generators, the expected cost of load shedding, the penalty cost of wind power curtailments and the carbon emission cost is proposed to calculate the amount of optimal spinning reserve by introducing the value of lost load and the carbon emission trading mechanism. It achieves the joint optimization of the low-carbon emission, economy and reliability of power systems operation. Using mixed integer linear programming method, simulation studies on a modified IEEE 26-generator reliability test system connected to a wind farm are presented to verify the effectiveness and advantage of the proposed model.
AB - Because various uncertainties in power systems including forecast errors of load and wind power as well as forced outages of generators are difficult to be comprehensively and accurately considered, the existing methods of spinning reserve optimization considering low-carbon factors cost cannot coordinate the impacts of wind power scheduling on the reliability, economy and low-carbon emission of power systems operation. Therefore, based on cost-benefit analysis, the loss-of-load risk of power systems considering wind power curtailments and the probabilistic characteristics of load, wind power and generators is firstly determined in this paper, and then a model which simultaneously minimizes the generation cost of conventional generators, the expected cost of load shedding, the penalty cost of wind power curtailments and the carbon emission cost is proposed to calculate the amount of optimal spinning reserve by introducing the value of lost load and the carbon emission trading mechanism. It achieves the joint optimization of the low-carbon emission, economy and reliability of power systems operation. Using mixed integer linear programming method, simulation studies on a modified IEEE 26-generator reliability test system connected to a wind farm are presented to verify the effectiveness and advantage of the proposed model.
KW - cost-benefit analysis
KW - loss-of-load risk
KW - low-carbon
KW - mixed integer linear programming
KW - spinning reserve
KW - wind power generation
UR - https://www.scopus.com/pages/publications/85020187066
U2 - 10.1109/ICEI.2017.39
DO - 10.1109/ICEI.2017.39
M3 - 会议稿件
AN - SCOPUS:85020187066
T3 - Proceedings - 1st IEEE International Conference on Energy Internet, ICEI 2017
SP - 182
EP - 187
BT - Proceedings - 1st IEEE International Conference on Energy Internet, ICEI 2017
A2 - Cao, Junwei
A2 - Liu, Wenhua
A2 - Wang, Jiye
A2 - Xie, Kai
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 1st IEEE International Conference on Energy Internet, ICEI 2017
Y2 - 17 April 2017 through 21 April 2017
ER -
