Robust dispatch to manage uncertainty in real time electricity markets

Abstract

To deal with the uncertainty in the demand and the lack of compliance from generators to follow instructions, Independent System Operators (ISO) evaluate commitment and dispatch solutions for different demand scenarios (low, medium and high). A robust dispatch algorithm that guarantees the ¿reach-ability¿ of the low and high demand scenarios from the medium demand dispatch is proposed in this paper. 5-bus examples are used to demonstrate the value of the dispatch reach-ability.