Please use this identifier to cite or link to this item: https://hdl.handle.net/10216/97680
Author(s): João Tomé Saraiva
Title: Dealing with Load Uncertainties and Component Outages in Short Term Marginal Price Computation
Issue Date: 2003
Abstract: In this paper we present a hybrid model to deal with uncertainties affecting nodal marginal prices in transmission networks. The uncertainties addressed are related with loads and component outages. Trapezoidal fuzzy numbers are used to represent load uncertainties and component outages are modeled by probabilistic concepts. This hybridization integrates these uncertainties in a Monte Carlo simulation for which we developed an acceleration technique. This approach can be used to derive target prices in the scope of transmission contracts in order to reduce the volatility of short term marginal tariffs. The developed approach is illustrated with a case study based on the IEEE 24 bus system.
Subject: Engenharia, Engenharia electrotécnica, Engenharia electrotécnica, electrónica e informática
Engineering, Electrical engineering, Electrical engineering, Electronic engineering, Information engineering
Scientific areas: Ciências da engenharia e tecnologias::Engenharia electrotécnica, electrónica e informática
Engineering and technology::Electrical engineering, Electronic engineering, Information engineering
URI: https://repositorio-aberto.up.pt/handle/10216/97680
Source: Proceedings of the International Conference on Intelligent Systems Applications to Power Systems, ISAP2003
Document Type: Artigo em Livro de Atas de Conferência Internacional
Rights: restrictedAccess
Appears in Collections:FEUP - Artigo em Livro de Atas de Conferência Internacional

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