Power Systems Engineering Research Center

S-88G Project Summary 

Risk-Sensitive Security-Constrained Economic Dispatch via Critical Region Exploration (S-88G)

Summary System operators (SOs) regularly solve security constrained economic dispatch (SCED) problems at various time-scales. SCED formulations often sacrifice cost considerations to prioritize reliability of power delivery. Additionally, for algorithms used to solve SCED problems on practical electric power networks, scalability remains a challenge. We propose a risk-based SCED (R-SCED) formulation that allows a SO to tradeoff between cost and reliability. Finally, we propose to develop an engineering prototype to solve R-SCED problems via the recently developed critical region exploration (CRE) algorithm.
Academic Team Members Project Leader: Subhonmesh Bose (Univ. of Illinois at Urbana Champaign, boses@illinois.edu)
Industry Team Members Tongxin Zheng (ISO-NE)
Project Period January 14, 2019 to December 31, 2020