Browsing by Author "Tong, Charles H."
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- Uncertainty Quantification in Stochastic Economic Dispatch using Gaussian Process EmulationHu, Zhixiong; Xu, Yijun; Korkali, Mert; Chen, Xiao; Mili, Lamine M.; Tong, Charles H. (IEEE, 2020)The increasing penetration of renewable energy resources in power systems, represented as random processes, converts the traditional deterministic economic dispatch problem into a stochastic one. To solve this stochastic economic dispatch, the conventional Monte Carlo method is prohibitively time consuming for medium- and large-scale power systems. To overcome this problem, we propose in this paper a novel Gaussian-process-emulator-based approach to quantify the uncertainty in the stochastic economic dispatch considering wind power penetration. Based on the dimension-reduction results obtained by the Karhunen-Loeve expansion, a Gaussian-process emulator is constructed. This surrogate allows us to evaluate the economic dispatch solver at sampled values with a negligible computational cost while maintaining a desirable accuracy. Simulation results conducted on the IEEE 118-bus system reveal that the proposed method has an excellent performance as compared to the traditional Monte Carlo method.