Risk-Mitigated Optimal Power Flow for Wind Powered Grids

Abstract — Increased penetration of renewable energy sources poses new challenges to the power grid. Grid integrated energy storage combined with fast-ramping conventional generation can help to address challenges associated with power output variability. This paper proposes a risk mitigating optimal power flow (OPF) framework to study the dispatch and placement of energy storage units in a power system with wind generators that are supplemented by fast-ramping conventional back-up generators. This OPF with storage charge/discharge dynamics is solved as a finite-horizon optimal control problem. Chance constraints are used to implement the risk mitigation strategy. The model is applied to case studies based on the IEEE 14 bus benchmark system. First, we study the scheduling of spinning reserves and storage when generation and loads are subject to uncertainties. The framework is then extended to investigate the optimal placement of storage across different network topologies. The results of the case studies quantify the need for storage and reserves as well as suggest a strategy for their scheduling and placement. I