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Surrogate Affine Approximation Based Co-Optimization Of Transactive Flexibility, Uncertainty, And Energy, Hongzing Ye

Electrical and Computer Engineering Faculty Publications

This study presents an approach to co-optimization of transactive flexibility, energy, and optimal injection-range of Variable Energy Resource (VER). Flexibility receives immense attention, as it is the essential resource to accommodate VERs in modern power systems. With a novel concept of transactive flexibility, the proposed approach proactively positions the flexible resources and optimizes the demand of flexibility. A surrogate affine approximation (SAA) method is proposed to solve the problem with variable infinite-constraint range in polynomial time. It is shown that SAA is more optimistic than the traditional affine policy in the power literature. The SAA method is also applicable to …