4 papers
Quantifying the Availability of Synchronized and Non-Synchronized Generating Units When Needed
Yufan Zhang, Feng Zhao
Do synchronized units have higher probabilities of being available when needed than non-synchronized units? Power system operation implicitly relies on the qualitative belief that…
Stochastic Optimization for Resource Adequacy in Capacity Markets with Storage and Renewables
Baptiste Rabecq, Andy Sun, Feng Zhao +3
The integration of storage and renewable resources fundamentally alters resource-adequacy analysis. Because storage couples decisions across time, it invalidates the traditional re…
Improving Sequential Market Coordination via Value-oriented Renewable Energy Forecasting
Yufan Zhang, Honglin Wen, Yuexin Bian +1
Large penetration of renewable energy sources (RESs) brings huge uncertainty into the electricity markets. The current deterministic clearing approach in the day-ahead (DA) market,…
Toward Value-oriented Renewable Energy Forecasting: An Iterative Learning Approach
Yufan Zhang, Mengshuo Jia, Honglin Wen +2
Energy forecasting is an essential task in power system operations. Operators usually issue forecasts and leverage them to schedule energy dispatch ahead of time. However, forecast…