NDLI: The generation capacity reserve forecasting in power system

Content Provider	IEEE Xplore Digital Library
Author	Halilcevic, S.S. Gubina, A.F. Softic, I.I.
Copyright Year	2012
Description	Author affiliation: University of Ljubljana, Faculty of Electrical Engineering, Tržaška cesta 25, 1000 Ljubljana, Slovenia (Gubina, A.F.) \|\| University of Tuzla, Faculty of Electrical Engineering, Franjevačka 2, 75000 Tuzla, Bosnia and Herzegovina (Halilcevic, S.S.; Softic, I.I.)
Abstract	The forecasting of generation capacity reserve through the use of well-being indices provides useful information for power system operator about power system security and for power traders about generation reserve pricing. Using this information, the system operator can take actions to provide sufficient generation capacity reserve to meet the required levels of the security parameters. In the paper we propose an efficient algorithm by which the probabilities of near-term well-being indices of generation capacity reserve can be identified. The proposed algorithm is based on the second order Markov chain and Monte Carlo simulation outcomes. Through the calculated distribution of probabilities of well-being indices of various generation capacity reserve levels the additional needs in reserve and their price can be analyzed and traded. The proposed approach is tested on the Bosnian power system.
Starting Page	1
Ending Page	8
File Size	490864
Page Count	8
File Format	PDF
ISBN	9781467308342
e-ISBN	9781467308335
e-ISBN	9781467308328
DOI	10.1109/EEM.2012.6254714
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2012-05-10
Publisher Place	Italy
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Monte Carlo methods generation capacity reserve Markov processes Well-being indices Markov chains Probability distribution Power systems Steady-state Forecasting Monte Carlo simulation
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Application of Monte Carlo simulation in Markov process for reliability analysis

Prediction in hidden Markov Models using sequential Monte Carlo methods

Analysis of transfer capability by Markov Chain Monte Carlo simulation

Applying Markov chains for the determination of the capacity credit of wind power

(Monte Carlo) time after time

Risk Evaluation of Generation-Load System Based on Monte Carlo Method and Fast Clustering Analysis Method

Monte Carlo computation of power generation production cost under unit commitment constraints

Probabilistic spinning reserve adequacy evaluation for generating systems using an Markov chain Monte Carlo-integrated cross-entropy method

The short term electricity prices forecasting using Markov chains

The generation capacity reserve forecasting in power system

Similar Documents

Application of Monte Carlo simulation in Markov process for reliability analysis

Prediction in hidden Markov Models using sequential Monte Carlo methods

Analysis of transfer capability by Markov Chain Monte Carlo simulation

Applying Markov chains for the determination of the capacity credit of wind power

(Monte Carlo) time after time

Risk Evaluation of Generation-Load System Based on Monte Carlo Method and Fast Clustering Analysis Method

Monte Carlo computation of power generation production cost under unit commitment constraints

Probabilistic spinning reserve adequacy evaluation for generating systems using an Markov chain Monte Carlo-integrated cross-entropy method

The short term electricity prices forecasting using Markov chains

The generation capacity reserve forecasting in power system