hydro-thermal scheduling

The Value of Stochastic Programming in Day-Ahead and Intraday Generation Unit Commitment

  • Kenneth McKinnon
  • Tim Schulze
    • Categories Scheduling, Stochastic Programming Tags , , ,

    The recent expansion of renewable energy supplies has prompted the development of a variety of efficient stochastic optimization models and solution techniques for hydro-thermal scheduling. However, little has been published about the added value of stochastic models over deterministic ones. In the context of day-ahead and intraday unit commitment under wind uncertainty, we compare two-stage … Read more

    Dynamic sampling algorithms for multi-stage stochastic programs with risk aversion

  • Vitor de Matos
  • Andrew B. Philpott
    • Categories Dynamic Programming, Stochastic Programming Tags , ,

    We consider the incorporation of a time-consistent coherent risk measure into a multi-stage stochastic programming model, so that the model can be solved using a SDDP-type algorithm. We describe the implementation of this algorithm, and study the solutions it gives for an application of hydro-thermal scheduling in the New Zealand electricity system. The performance of … Read more