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• W2592920482 abstract "In this paper, an efficient stochastic framework is proposed to develop a coupled active and reactive market in smart distribution systems. Distributed Energy Resources (DERs) can offer active powers to the market and also offer their reactive powers via a multi-component bidding framework constructed based on their reactive power capability diagrams. Distribution Company (Disco) buys active and reactive powers from a wholesale market and sells them via this market. Aggregators on behalf of responsive loads can participate in the market using a demand buyback program (DBP). The uncertainties of forecasted loads and wind power generation are considered in the proposed framework. To model the stochastic variables, the scenario tree is created using the Weibull and the Gaussian probability density functions (PDFs). The cost objective function of the stochastic coupled market clearing consists of the expected costs of energy and reactive power purchased from the DERs and Disco, the expected penalty cost of CO2 emissions of DERs and the main grid as well as the expected cost of running DBP. The proposed market is cleared through a mixed-integer nonlinear optimization problem solved in GAMS software. The effectiveness of the proposed method is investigated based on a 22-bus 20-kV radial distribution test system." @default.
• W2592920482 created "2017-03-16" @default.
• W2592920482 creator A5029582231 @default.
• W2592920482 creator A5035300094 @default.
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• W2592920482 date "2017-08-01" @default.
• W2592920482 modified "2023-09-23" @default.
• W2592920482 title "Scenario-based stochastic framework for coupled active and reactive power market in smart distribution systems with demand response programs" @default.
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• W2592920482 doi "https://doi.org/10.1016/j.renene.2017.03.010" @default.
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