Abstract:
For a large interconnected power system with multiple transmission system operators (TSOs), online inter-TSO synergistic interactions are increasingly being required to h...Show MoreMetadata
Abstract:
For a large interconnected power system with multiple transmission system operators (TSOs), online inter-TSO synergistic interactions are increasingly being required to hedge against system-wide operating risk. To address this issue, a novel hierarchical interactive risk hedging (HIRH) method is proposed. Under the established framework, the upper level coordinator can interact with the lower level local TSOs through target and response variables. Decentralized and interdependent risk hedging models are formulated, including a system-wide coordination optimization model for the coordinator and a set of preventive-corrective combined risk-aware optimal power flow models for local TSOs. To tackle the computational complexity of the multiple problems, a two-level decomposition-coordination algorithm based on analytical target cascading and Benders decomposition is developed. A case study of a modified three-area RTS-96 system demonstrates the effectiveness of the proposed HIRH.
Published in: IEEE Transactions on Power Systems ( Volume: 33, Issue: 3, May 2018)
Funding Agency:
State Key Laboratory of Power Transmission Equipment and System Security and New Technology, Chongqing University, Chongqing, China
Yunfeng Wen (M’15) received the B.S. degree from Sichuan
University, Chengdu, China, in 2010, and the Ph.D. degree from Zhejiang University, Hangzhou, China, in 2015. During
2012 to 2013, he was a Visiting Ph.D. Student with the University of Washington, Seattle, WA, USA. During 2016 to
2017, he was a Postdoctoral Fellow with the University of Saskatchewan, Saskatoon, SK, Canada. He is currently a
Lecturer with the St...Show More
Yunfeng Wen (M’15) received the B.S. degree from Sichuan
University, Chengdu, China, in 2010, and the Ph.D. degree from Zhejiang University, Hangzhou, China, in 2015. During
2012 to 2013, he was a Visiting Ph.D. Student with the University of Washington, Seattle, WA, USA. During 2016 to
2017, he was a Postdoctoral Fellow with the University of Saskatchewan, Saskatoon, SK, Canada. He is currently a
Lecturer with the St...View more
Department of Electrical and Computer Engineering, University of Saskatchewan, Saskatoon, SK, Canada
C. Y. Chung (M’01–SM’07–F’16)
received the B.Eng. (with First Class Hons.) and Ph.D. degrees in electrical engineering from The Hong Kong
Polytechnic University, Hong Kong, in 1995 and 1999, respectively.
He was with Powertech Labs, Inc., Surrey, BC, Canada; the University of Alberta, Edmonton, AB, Canada; and The Hong
Kong Polytechnic University, Hong Kong. He is currently a Professor, NSERC/SaskPower (Senior) Industri...Show More
C. Y. Chung (M’01–SM’07–F’16)
received the B.Eng. (with First Class Hons.) and Ph.D. degrees in electrical engineering from The Hong Kong
Polytechnic University, Hong Kong, in 1995 and 1999, respectively.
He was with Powertech Labs, Inc., Surrey, BC, Canada; the University of Alberta, Edmonton, AB, Canada; and The Hong
Kong Polytechnic University, Hong Kong. He is currently a Professor, NSERC/SaskPower (Senior) Industri...View more
College of Electrical and Information Engineering, Hunan University, Changsha, China
Xuan Liu (M’14) received the Ph.D. degree from Illinois
Institute of Technology (IIT), Chicago, IL, USA, in 2015. He was a Postdoctoral Fellow with the Robert W. Galvin
Center for Electricity Innovation, IIT. He is currently a Professor with the College of Electrical and Information
Engineering, Hunan University, Changsha, China.
Xuan Liu (M’14) received the Ph.D. degree from Illinois
Institute of Technology (IIT), Chicago, IL, USA, in 2015. He was a Postdoctoral Fellow with the Robert W. Galvin
Center for Electricity Innovation, IIT. He is currently a Professor with the College of Electrical and Information
Engineering, Hunan University, Changsha, China.View more
Contents State Key Laboratory of Power Transmission Equipment and System Security and New Technology, Chongqing University, Chongqing, China
Yunfeng Wen (M’15) received the B.S. degree from Sichuan
University, Chengdu, China, in 2010, and the Ph.D. degree from Zhejiang University, Hangzhou, China, in 2015. During
2012 to 2013, he was a Visiting Ph.D. Student with the University of Washington, Seattle, WA, USA. During 2016 to
2017, he was a Postdoctoral Fellow with the University of Saskatchewan, Saskatoon, SK, Canada. He is currently a
Lecturer with the State Key Laboratory of Power Transmission Equipment and System Security and New Technology, School
of Electrical Engineering, Chongqing University, Chongqing, China. His research interests include frequency stability
enhancement of low-inertia power systems, grid integration of renewables and storages, and distributed synergistic
operation of multi-carrier energy systems.
Yunfeng Wen (M’15) received the B.S. degree from Sichuan
University, Chengdu, China, in 2010, and the Ph.D. degree from Zhejiang University, Hangzhou, China, in 2015. During
2012 to 2013, he was a Visiting Ph.D. Student with the University of Washington, Seattle, WA, USA. During 2016 to
2017, he was a Postdoctoral Fellow with the University of Saskatchewan, Saskatoon, SK, Canada. He is currently a
Lecturer with the State Key Laboratory of Power Transmission Equipment and System Security and New Technology, School
of Electrical Engineering, Chongqing University, Chongqing, China. His research interests include frequency stability
enhancement of low-inertia power systems, grid integration of renewables and storages, and distributed synergistic
operation of multi-carrier energy systems.View more
Department of Electrical and Computer Engineering, University of Saskatchewan, Saskatoon, SK, Canada
C. Y. Chung (M’01–SM’07–F’16)
received the B.Eng. (with First Class Hons.) and Ph.D. degrees in electrical engineering from The Hong Kong
Polytechnic University, Hong Kong, in 1995 and 1999, respectively.
He was with Powertech Labs, Inc., Surrey, BC, Canada; the University of Alberta, Edmonton, AB, Canada; and The Hong
Kong Polytechnic University, Hong Kong. He is currently a Professor, NSERC/SaskPower (Senior) Industrial Research
Chair in Smart Grid Technologies, and SaskPower Chair in Power Systems Engineering in the Department of Electrical and
Computer Engineering, University of Saskatchewan, Saskatoon, SK, Canada.
Dr. Chung is an Editor of the IEEE Transactions on Power Systems, the IEEE Transactions on
Sustainable Energy, and the IEEE Power Engineering Letters and an Associate Editor of IET
Generation, Transmission and Distribution. He is also an IEEE PES Distinguished Lecturer and
a Member-at-Large (Global Outreach) of the IEEE PES Governing Board.
C. Y. Chung (M’01–SM’07–F’16)
received the B.Eng. (with First Class Hons.) and Ph.D. degrees in electrical engineering from The Hong Kong
Polytechnic University, Hong Kong, in 1995 and 1999, respectively.
He was with Powertech Labs, Inc., Surrey, BC, Canada; the University of Alberta, Edmonton, AB, Canada; and The Hong
Kong Polytechnic University, Hong Kong. He is currently a Professor, NSERC/SaskPower (Senior) Industrial Research
Chair in Smart Grid Technologies, and SaskPower Chair in Power Systems Engineering in the Department of Electrical and
Computer Engineering, University of Saskatchewan, Saskatoon, SK, Canada.
Dr. Chung is an Editor of the IEEE Transactions on Power Systems, the IEEE Transactions on
Sustainable Energy, and the IEEE Power Engineering Letters and an Associate Editor of IET
Generation, Transmission and Distribution. He is also an IEEE PES Distinguished Lecturer and
a Member-at-Large (Global Outreach) of the IEEE PES Governing Board.View more
College of Electrical and Information Engineering, Hunan University, Changsha, China
Xuan Liu (M’14) received the Ph.D. degree from Illinois
Institute of Technology (IIT), Chicago, IL, USA, in 2015. He was a Postdoctoral Fellow with the Robert W. Galvin
Center for Electricity Innovation, IIT. He is currently a Professor with the College of Electrical and Information
Engineering, Hunan University, Changsha, China.
Xuan Liu (M’14) received the Ph.D. degree from Illinois
Institute of Technology (IIT), Chicago, IL, USA, in 2015. He was a Postdoctoral Fellow with the Robert W. Galvin
Center for Electricity Innovation, IIT. He is currently a Professor with the College of Electrical and Information
Engineering, Hunan University, Changsha, China.View more
