Abstract
Hydro-dominated systems are characterized by uncertainty on the inflows to the reservoirs. Driven by both technological advances and environmental awareness, the share of renewables in the energy production mix has been increasing over the past decades. However, due to their intermittent nature, the integration of renewables entails additional uncertainty, which may negatively impact the operation of the system if the overall risk is not properly appraised. This work analyzes the impact of short-term wind variability on the long-term operation of a hydro-dominated power system based upon two risk measure approaches, namely (i) chance constrained programming, and (ii) conditional value-at-risk. Both approaches are formulated under the framework of stochastic dual dynamic programming. The proposals are tested on a portion of the Colombian power system, in the presence of wind energy and storage units.
| Original language | English (US) |
|---|---|
| Title of host publication | 2017 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2017 - Proceedings |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| Pages | 1-6 |
| Number of pages | 6 |
| ISBN (Electronic) | 9781538619537 |
| DOIs | |
| State | Published - Jul 1 2017 |
| Event | 2017 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2017 - Torino, Italy Duration: Sep 26 2017 → Sep 29 2017 |
Publication series
| Name | 2017 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2017 - Proceedings |
|---|---|
| Volume | 2018-January |
Conference
| Conference | 2017 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2017 |
|---|---|
| Country/Territory | Italy |
| City | Torino |
| Period | 9/26/17 → 9/29/17 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy
All Science Journal Classification (ASJC) codes
- Electrical and Electronic Engineering
- Energy Engineering and Power Technology
- Computer Networks and Communications
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