Reliability-aware Probabilistic Reserve Procurement under Decision-dependent Uncertainty

Current reserve procurement either adopt deterministic reserve or ignore the decision-dependent uncertainty (DDU) in reserve capacity availability, which will restrict the liquidity of reserve offers and introduce endogenous risks from reserves. This paper proposes a novel definition and modeling of...

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Bibliographic Details
Main Authors: Qi, Ning, Cheng, Lin, Huang, Kaidi, Mujeeb, Asad, Liu, Feng, Pinson, Pierre
Format: Conference Proceeding
Language:English
Subjects:
decision-dependent uncertainty
distributionally robust chance-constrained optimization
generic energy storage
Germanium
Optimization
Probabilistic logic
probabilistic reserve
Procurement
Reliability
Reliability engineering
reserve procurement
Resource management
Scalability
Simulation
Uncertainty
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Summary:Current reserve procurement either adopt deterministic reserve or ignore the decision-dependent uncertainty (DDU) in reserve capacity availability, which will restrict the liquidity of reserve offers and introduce endogenous risks from reserves. This paper proposes a novel definition and modeling of probabilistic reserve, utilizing a generic energy storage (GES) model with DDU. A reliability-aware coordinated reserve procurement framework is further presented, where the system operator (SO) procures reserves from reserve aggregator (RA) in the day-ahead operation using distributionally robust chance-constrained optimization (DRCCO), while the joint unit and reliability commitment (URC) is adopted to distribute DA deviation to massive reserve providers in the intra-day operation. Case study verifies that the proposed method incorporating DDU can enhance the economy, reliability, and scalability of reserve procurement.
ISSN:1944-9933
DOI:10.1109/PESGM51994.2024.10689050