UM  > Faculty of Science and Technology
Residential Collegefalse
Status已發表Published
Reliability-Based Probabilistic Network Pricing with Demand Uncertainty
Yang, Xinhe1; Gu, Chenghong1; Yan, Xiaohe2; Li, Furong1
2020-09
Source PublicationIEEE TRANSACTIONS ON POWER SYSTEMS
ISSN0885-8950
Volume35Issue:5Pages:3342-3352
Abstract

The future energy system embraces growing flexible demand and generation, which bring large-scale uncertainties and challenges to current deterministic network pricing methods. This paper proposes a novel reliability-based probabilistic network pricing method considering demand uncertainty. Network reliability performance, including probabilistic contingency power flow (PCPF) and tolerance loss of load (TLoL), are used to assess the impact of demand uncertainty on actual network investment cost, where PCPF is formulated by the combined cumulant and series expansion. The tail value at risk (TVaR) is used to generate analytical solutions to determine network reinforcement horizons. Then, final network charges are calculated based on the core of the Long-run incremental cost (LRIC) algorithm. A 15-bus system is employed to demonstrate the proposed method. Results indicate that the pricing signal is sensitive to both demand uncertainty and network reliability, incentivising demand to reduce uncertainties. This is the first-ever network pricing method that determines network investment costs considering both supply reliability and demand uncertainties. It can guide better sitting and sizing of future flexible demand in distribution systems to minimise investment costs and reduce network charges, thus enabling a more efficient system planning and cheaper integration.

KeywordLong-run Incremental Cost Pricing Network Pricing Probabilistic Reliability Uncertainty
DOI10.1109/TPWRS.2020.2976944
URLView the original
Indexed BySCIE
Language英語English
WOS Research AreaEngineering
WOS SubjectEngineering, Electrical & Electronic
WOS IDWOS:000562081700003
PublisherIEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC445 HOES LANE, PISCATAWAY, NJ 08855-4141
Scopus ID2-s2.0-85090400946
Fulltext Access
Citation statistics
Document TypeJournal article
CollectionFaculty of Science and Technology
THE STATE KEY LABORATORY OF INTERNET OF THINGS FOR SMART CITY (UNIVERSITY OF MACAU)
DEPARTMENT OF ELECTROMECHANICAL ENGINEERING
Corresponding AuthorGu, Chenghong
Affiliation1.Department of Electronic and Electrical Engineering, University of Bath, Bath, United Kingdom
2.State Key Lab. of Internet of Things for Smart City, University of Macau, Macao
Recommended Citation
GB/T 7714
Yang, Xinhe,Gu, Chenghong,Yan, Xiaohe,et al. Reliability-Based Probabilistic Network Pricing with Demand Uncertainty[J]. IEEE TRANSACTIONS ON POWER SYSTEMS, 2020, 35(5), 3342-3352.
APA Yang, Xinhe., Gu, Chenghong., Yan, Xiaohe., & Li, Furong (2020). Reliability-Based Probabilistic Network Pricing with Demand Uncertainty. IEEE TRANSACTIONS ON POWER SYSTEMS, 35(5), 3342-3352.
MLA Yang, Xinhe,et al."Reliability-Based Probabilistic Network Pricing with Demand Uncertainty".IEEE TRANSACTIONS ON POWER SYSTEMS 35.5(2020):3342-3352.
Files in This Item:
There are no files associated with this item.
Related Services
Recommend this item
Bookmark
Usage statistics
Export to Endnote
Google Scholar
Similar articles in Google Scholar
[Yang, Xinhe]'s Articles
[Gu, Chenghong]'s Articles
[Yan, Xiaohe]'s Articles
Baidu academic
Similar articles in Baidu academic
[Yang, Xinhe]'s Articles
[Gu, Chenghong]'s Articles
[Yan, Xiaohe]'s Articles
Bing Scholar
Similar articles in Bing Scholar
[Yang, Xinhe]'s Articles
[Gu, Chenghong]'s Articles
[Yan, Xiaohe]'s Articles
Terms of Use
No data!
Social Bookmark/Share
All comments (0)
No comment.
 

Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.