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Probabilistic Optimal Power Dispatch Considering Price-Based Real-Time Demand Response

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In this paper, a probabilistic optimal power dispatch (POPD) using linear programming (LP) is proposed for solving the power generation dispatch with price-based real-time demand response (PRDR). The expected shortterm… Click to show full abstract

In this paper, a probabilistic optimal power dispatch (POPD) using linear programming (LP) is proposed for solving the power generation dispatch with price-based real-time demand response (PRDR). The expected shortterm load forecast is represented by a probabilistic distribution function. The simulation result has prosperously shown that the proposed method could handle the POPD solutions for real power dispatch considering PRDR by using probabilistic Truncated normal distribution function (PTNF). The PTNF is used in a vigorous part of the framework to eject the infeasible results during the computation. This would lead the results to the high degree of accuracy comparing to the normal sampling methods. The simulation results showed that the proposed method can efficiently and effectively minimize the total power generation cost while trading off the PRDR cost in the POPD problem with load uncertainty.

Keywords: dispatch; price based; power; optimal power; probabilistic optimal; power dispatch

Journal Title: International Journal of Intelligent Engineering and Systems
Year Published: 2019

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