Look-Ahead Rolling Economic Dispatch Approach for Wind-Thermal-Bundled Power System Considering Dynamic Ramping and Flexible Load Transfer Strategy

With a wind-thermal-bundled power system (WTBPS) under high wind penetration levels, the sharp power fluctuations of tie-lines for interconnected grids trigger a significant challenge of security-constrained power system operation. Smoothing power fluctuations with economic dispatch is widely concerned against this challenge. In this paper, an appropriate look-ahead economic dispatch framework for WTBPS considering the variable ramp rate of retrofitted coal-fired units and the flexible load transfer strategy (LTS) in high voltage distribution networks (HVDNs) is proposed. To cope with this issue, <italic>i</italic>) we derive a new family of tightened ramping constraints of retrofitted coal-fired units in the linear and second-order conic (SOC) forms, respectively. <italic>ii</italic>) Using graph characterization of typical HVDNs, the simplified voltage-constrained LTS via topological structures can be developed. This proposed look-ahead economic dispatch model is cast as a mixed-integer second-order cone programming (MISOCP) problem, which can be reformulated by Multi-cut Generalized Benders Decomposition (MGBD). This MGBD enables multiple sub-problems can be solved in parallel and accelerates the solving process. Finally, simulation results of a large-scale practical system validate the computational accuracy and efficiency of the proposed approach.