Unit Commitment Problem with Energy Storage Under Correlated Renewables Uncertainty

Unit Commitment Problem with Energy Storage Under Correlated Renewables Uncertainty” introduces a novel approach to address the challenges of renewable integration. The study acknowledges the growing variability and correlation in power availability due to renewable generation and proposes a day-ahead unit commitment (UC) problem formulation that incorporates energy storage and considers multistage correlated uncertainty. Using a variant of the stochastic dual dynamic programming (SDDP) method, which can handle temporal correlations effectively, the researchers solve the complex UC problem. Results obtained from the IEEE 118-bus system demonstrate the significant advantages of considering multistage uncertainty and correlations. Applying their approach to the Chilean power system, the researchers present superior UC solutions that adapt generation to changing uncertainty at a lower cost. Additionally, they propose a more efficient deterministic UC solution that outperforms current industry practices. These advancements promise to enhance the integration of renewable energy sources, enabling a more sustainable and environmentally friendly future.