Title
A stochastic market-clearing model using semidefinite relaxation
Date Issued
01 June 2019
Access level
open access
Resource Type
conference paper
Author(s)
Alvarez E.F.
López J.C.
Vergara P.P.
Chavez J.J.
Rider M.J.
Publisher(s)
Institute of Electrical and Electronics Engineers Inc.
Abstract
This paper proposes a two-stage stochastic market clearing (SMC) model based on a semidefinite programming (SDP) relaxation. The SMC model aims at determining the day-ahead schedule (DA) and the real-time (RT) balance settlement that minimize the total expected production cost. The network capacity constraints are considered in the proposed model through an AC power flow formulation, while the uncertainty in the renewable-based generation is taking into account using a set of stochastic scenarios. In order to solve the proposed non-linear programming model, a SDP relaxation is used. An illustrative example (3-bus test system) and the IEEE Reliability 24-bus test system are used to show the effectiveness and accuracy of the proposed model. Results shown that the proposed SDP relaxation introduce a negligible error, when compared with the solution after solving the original non-linear model.
Language
English
OCDE Knowledge area
Ingeniería del Petróleo, (combustibles, aceites), Energía, Combustibles
Subjects
Scopus EID
2-s2.0-85072331863
ISBN
9781538647226
Resource of which it is part
2019 IEEE Milan PowerTech, PowerTech 2019
ISBN of the container
978-153864722-6
Conference
IEEE Milan PowerTech, PowerTech 20
Sponsor(s)
Fundação de Amparo à Pesquisa do Estado de São Paulo
Sources of information:
Directorio de Producción Científica
Scopus