relation: http://eprints.imtlucca.it/1255/
title: Stochastic MPC for real-time market-based optimal power dispatch
creator: Patrinos, Panagiotis
creator: Trimboli, Sergio
creator: Bemporad, Alberto
subject: TK Electrical engineering. Electronics Nuclear engineering
description: We formulate the problem of dynamic, real-time optimal power dispatch for electric power systems consisting of conventional power generators, intermittent generators from renewable sources, energy storage systems and price-inelastic loads. The generation company managing the power system can place bids on the real-time energy market (the so-called regulating market) in order to balance its loads and/or to make profit. Prices, demands and intermittent power injections are considered to be stochastic processes and the goal is to compute power injections for the conventional power generators, charge and discharge levels for the storage units and exchanged power with the rest of the grid that minimize operating and trading costs. We propose a scenario-based stochastic model predictive control algorithm to solve the real-time market-based optimal power dispatch problem.
publisher: IEEE
date: 2011-12
type: Book Section
type: PeerReviewed
identifier:   Patrinos, Panagiotis and Trimboli, Sergio and Bemporad, Alberto  Stochastic MPC for real-time market-based optimal power dispatch.   In:  Proceedings of the 50th IEEE Conference on Decision and Control and European Control Conference (CDC-ECC).   IEEE, 7111 -7116.  ISBN 978-1-61284-800-6      (2011)  
relation: http://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=6160798&isnumber=6159299
relation: 10.1109/CDC.2011.6160798