A Framework for Incorporation of Infeed Uncertainty in Power System Risk-Based Security Assessment

In this paper, a risk-based security assessment methodology is presented, which allows the assessment of operational security of a power system’s future state under uncertainty deriving from varying topology scenarios (contingencies) and forecast errors (loads and renewable infeeds). The methodology models input uncertaintywith a copula function...

Using copulas for modeling stochastic dependence in power system uncertainty analysis

The increasing penetration of renewable generation in power systems necessitates the modeling of this stochastic system infeed in operation and planning studies. The system analysis leads to multivariate uncertainty analysis problems, involving non-Normal correlated random variables. In this context, the modeling of stochastic dependence is...