Abstract:Uncertainty in renewable energy generation has the potential to adversely impact the operation of electric power systems. Numerous approaches to manage this impact have been proposed, ranging from stochastic and chanceconstrained programming to robust optimization. However, these approaches either tend to be conservative in their assumptions, causing higher-than-necessary costs, or leave the system vulnerable to low probability, high impact uncertainty realizations. To address this issue, we propose a new form… Show more
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