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arXiv · 2109.08195

A Data-Driven Uncertainty Quantification Method for Stochastic Economic Dispatch

Xiaoting Wang·Rong-Peng Liu·Xiaozhe Wang·Yunhe Hou·François Bouffard
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Abstract

This letter proposes a data-driven sparse polynomial chaos expansion-based surrogate model for the stochastic economic dispatch problem considering uncertainty from wind power. The proposed method can provide accurate estimations for the statistical information (e.g., mean, variance, probability density function, and cumulative distribution function) for the stochastic economic dispatch solution efficiently without requiring the probability distributions of random inputs. Simulation studies on an integrated electricity and gas system (IEEE 118-bus system integrated with a 20-node gas system are presented, demonstrating the efficiency and accuracy of the proposed method compared to the Monte Carlo simulations.

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Xiaoting Wang, Rong-Peng Liu, Xiaozhe Wang, Yunhe Hou, François Bouffard. 2021-09-16. A Data-Driven Uncertainty Quantification Method for Stochastic Economic Dispatch. https://arxiv.org/abs/2109.08195

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