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SUMMARY:Controlling Conventional Generation to Minimize Forecast Error Cos
 t - Chernysh\, K (Heriot-Watt University)
DTSTART:20130425T103000Z
DTEND:20130425T110000Z
UID:TALK44836@talks.cam.ac.uk
CONTACT:Mustapha Amrani
DESCRIPTION:Nowadays renewable power sources are extremely important. Howe
 ver\, their unpredictability makes effective managing of power system diff
 icult.  \nSystem operators predict net demand\, where net demand is power 
 produced by renewable sources subtracted from the total demand. The power 
 system acts autonomously to cover predicted net demand but is unable to de
 al with errors in prediction. If the local supply fails to meet demand the
  shortfall must be met by imported power via interconnectors. Although\, i
 mported power is expensive. Our main objective is to minimize cost by redu
 cing power purchased from abroad. This can be done by scheduling of additi
 onal conventional power plants. Ramp constraints lead to the need to carry
  out  pre-emptive actions.\n\nIn this talk we present an initial model for
  considerably large prediction errors and explore some properties of its o
 ptimal management.\n
LOCATION:Seminar Room 1\, Newton Institute
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