Risk-limiting Dispatch with Operation Constraints

Abstract

As an extension of the current theory of risk-limiting dispatch for a system with large-scale renewable integration, this paper presents a model for risk-limiting dispatch with operation constraints, such as generation limitation and network constraint. By proposing and solving four interrelated models, the problem for risk-limiting dispatch with network constraint is finally solved by using sequential optimization. Through the analysis of the model, the paper points out the feasible procedure of dispatch decision, including determining the optimal output and the generators needed to be scheduled. With this dispatch approach, the lowest dispatch cost of the whole dispatch process can be obtained.