Locational Marginal Pricing Mechanism for Uncertainty Management Based on Improved Multi-ellipsoidal Uncertainty Set

The large-scale integration of renewable energy sources (RESs) brings huge challenges to the power system. A cost-effective reserve deployment and uncertainty pricing mechanism are critical to deal with the uncertainty and variability of RES. To this end, this paper proposes a novel locational margi...

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Bibliographic Details
Main Authors: Zongzheng Zhao, Yixin Liu, Li Guo, Linquan Bai, Chengshan Wang
Format: Article
Language:English
Published: IEEE 2021-01-01
Series:Journal of Modern Power Systems and Clean Energy
Subjects:
Online Access:https://ieeexplore.ieee.org/document/9426543/