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At least 19 records

CERF: IM3 Projected Western US Power Plant Locations

Overview The Capacity Expansion Regional Feasibility (CERF) model is an open-source geospatial python package that provides new power plant locations at a 1km resolution. The model ingests U.S. state or regional-scale electricity system capacity expansion plans, such as those produced by the Global Change Analysis Model (GCAM-USA), and identifies feasible, site-specific locations for individual new power plants (renewable and non-renewable). CERF combines high-resolution geospatial suitability analyses with an economic algorithm that selects individual plant siting locations based on grid interconnection costs and the locational marginal value of new generation. The model incorporates a wide range of dynamic constraints and opportunities, such as protected lands, population density, existing infrastructure, and water availability. This dataset provides CERF power plant siting results for IM3 Phase 2 simulations across eight different scenarios for the Western US through 2055. The scenarios include combinations of two Shared Socioeconomic Pathways (SSP3 and SSP5) with four high-resolution climate projections specific to the United States (see, https://tgw-data.msdlive.org/). These climate projections include "hotter" and "cooler" variants for two Representative Concentration Pathways (RCP4.5 and RCP8.5). The resulting eight simulations are: rcp45cooler_ssp3 rcp45cooler_ssp5 rcp45hotter_ssp3 rcp45hotter_ssp5 rcp85cooler_ssp3 rcp85cooler_ssp5 rcp85hotter_ssp3 rcp85hotter_ssp5 CERF siting results in this dataset correspond to capacity expansion plans in the GCAM-USA IM3 Phase 2 simulation data and are available for each of the above scenarios. Data Details Temporal Range: 2015-2055 in 5-year timesteps. Note that 2015 is the experiment base year and 2020 and beyond represent model simulation years. Spatial Range: Plant locations are provided for the eleven states in the Western US including Arizona, California, Colorado, Idaho, Montana, New Mexico, Nevada, Oregon, Utah, Washington, and Wyoming. Spatial Resolution: 1 km-squared, provided in x and y coordinates Geospatial Projection: Albers Equal Area Conic (ESRI:102003) File Type: csv The dataset contains subdirectories for each of the eight scenarios described in the overview. Each scenario folder contains two subfolders with the following information: 1. Power Plant Data This directory contains a single .csv file of power plant locations for both pre-existing (non-CERF sited plants in operation in 2015) and new (CERF-sited) power plants across the temporal range along with additional CERF model output parameters for CERF-sited plants. Plant with a siting year earlier than 2020 correspond to facilities that are operational leading into the first timestep CERF simulation. For a more detailed description of CERF model output parameters, see the CERF model documentation. Note that the cerf_plant_id parameter is unique within each scenario file but not across scenario files. Parameter Descriptions scenario - Name of scenario cerf_plant_id - Unique siting identifier cerf_sited - If True, indicates that plant was sited by CERF model. If False, indicates pre-existing facility region_name - Name of region (state) tech_id - Technology ID tech_name - Full generation technology name inclusive of cooling type (if applicable) and additional characteristics tech_simple - Simplified generation technology type unit_size_mw - Power plant unit size (MW) xcoord - X coordinate in the default CRS (meters) ycoord - Y coordinate in the default CRS (meters) index - Index position in the flattend 2D array buffer_in_km - Exclusion buffer around site (km) sited_year - Year of siting retirement_year - Year of retirement lmp_zone - Locational marginal price (LMP) zone ID locational_marginal_price_usd_per_mwh - Locational marginal price ($/MWh) generation_mwh_per_year - Generation output (MWh/yr) operating_cost_usd_per_year - Cost of plant operations ($/yr) net_operational_value - Net operational value based on LMP and and operating costs ($/yr) interconnection_cost - Cost of interconnection for transmission & gas pipeline (if applicable) net_locational_cost -- Difference of interconnection cost and operating value ($/yr) capacity_factor_fraction - Capacity factor (fraction) carbon_capture_rate_fraction - Carbon capture rate (fraction) fuel_co2_content_tons_per_btu - Fuel CO2 content (tons/Btu) fuel_price_usd_per_mmbtu - Fuel price ($/MMBtu) fuel_price_esc_rate_fraction - Fuel price escalation rate (fraction) heat_rate_btu_per_kWh - Heat rate (Btu/kWh) lifetime_yrs - Technology lifetime for annuity (years) operational_life_yrs - Operational lifetime for retirement (years) variable_om_usd_per_mwh - Variable operation and maintenance costs of yearly capacity use ($/MWh) variable_om_esc_rate_fraction - Variable operation and maintenance costs escalation rate (fraction) carbon_tax_usd_per_ton - Carbon tax ($/ton) carbon_tax_esc_rate_fraction - Carbon tax escalation rate (fraction) 2. Storage Data This directory contains information on new and pre-existing energy storage facilities operational in each timestep along with various storage operational parameters. The 2015 timestep provides pre-existing energy storage data and corresponds with facilities that are operational leading into the first model simulation timestep. Note that coordinates in the storage files correspond to the interconnection point on the grid (substation location), not individual energy storage locations. Energy storage is added in a cumulative process at each given interconnection point. That is, each individual file provides the total operational storage capacity interconnected to the specified substation for the given timestep, inclusive of previously installed storage at that location and new storage installed in that timestep at that location. Parameters scenario - Name of scenario timestep - Simulation timestep name - Unique storage identifier s_typ - Type of energy storage technology (battery or pumped storage hydro) s_node - Node ID of interconnecting substation xcoord - X coordinate in the default CRS (meters) ycoord - Y coordinate in the default CRS (meters) charge_rate - Maximum charge rate (power capacity) of storage system (MW) discharge_rate - Maximum discharge rate (power capacity) of storage system (MW) duration - Duration of storage system (hours) max_SoC - Allowed maximum state of charge (energy capacity) of storage system (MWh) min_SoC -Allowed minimum state of charge (energy capacity) of storage system (MWh) charge_eff - Efficiency of charge (fraction between 0 and 1) discharge_eff - Efficiency of discharge (fraction between 0 and 1) Acknowledgment IM3 is a multi-institutional effort led by Pacific Northwest National Laboratory and supported by the U.S. Department of Energy's Office of Science as part of research in MultiSector Dynamics, Earth and Environmental Systems Modeling Program.

CERF↗

Mean-Variance Optimization-Based Energy Storage Scheduling Considering Day-Ahead and Real-Time LMP Uncertainties

In this letter, a new mean-variance optimization-based energy storage scheduling method is proposed with the consideration of both day-ahead (DA) and real-time (RT) energy markets price uncertainties. It considers the locational marginal price (LMP) forecast uncertainties in the DA and RT markets. The energy storage arbitrage risk associated with the LMP forecast uncertainty is explicitly modeled through the variance component in the objective function. The quadratic term of this variance is transformed into a second-order cone constraint using the charging and discharging power complementarity of the energy storage system. Finally, the proposed model is formulated as a mixed-integer conic programming problem. Numerical case studies demonstrate the effectiveness of the proposed model for energy storage scheduling considering price uncertainty.

25 ENERGY STORAGE↗

Correlation between Generator Trips and Locational Marginal Prices (LMPs)

Generally, disturbances in an interconnected network have an influence the stability and the economy of the power grid. Some phenomenon such as load shedding have proven to have a huge impact on real time electricity prices. Generation trip is considered one of the most common events in a power grid that may change the wholesale electricity market. In this paper, a locational marginal price (LMP) measure is used to notice how the electricity prices change with generator trip events at different locations of U.S. power grid. The study results help to find whether there is a clear correlation between generator trips and the changes in the electricity real-time market.

Alharbi, Abdulelah↗

Bi-Level Arbitrage Potential Evaluation for Grid-Scale Energy Storage Considering Wind Power and LMP Smoothing Effect

Our paper deals with extended-term energy storage (ES) arbitrage problems to maximize the annual revenue in deregulated power systems with high penetration wind power. The conventional ES arbitrage model takes the locational marginal prices (LMP) as an input and is unable to account for the impacts of ES operations on system LMPs. This paper proposes a bi-level ES arbitrage model, where the upper level maximizes the ES arbitrage revenue and the lower level simulates the market clearing process considering wind power and ES. The bi-level model is formulated as a mathematical program with equilibrium constraints (MPEC) and then recast into a mixed-integer linear programming (MILP) using strong duality theory. Wind power fluctuations are characterized by the GARCH forecast model and the forecast error is modeled by forecast-bin based Beta distributions. Case studies are performed on a modified PJM 5-bus system and an IEEE 118-bus system with a weekly time horizon over an annual term to show the validity of the proposed bi-level model. The results from the conventional model and the bi-level model are compared under different ES power and energy ratings, and also various load and wind penetration levels.

17 WIND ENERGY↗

Deliverable Flexible Ramping Products Considering Spatiotemporal Correlation of Wind Generation and Demand Uncertainties

Flexible ramping products (FRPs) have been implemented by several independent system operators (ISOs) to procure adequate flexible resources. Currently, system operators estimate the system level ramping requirements ignoring the spatiotemporal correlations among various uncertainty sources. This leads to overestimates/underestimates of ramping requirements. In addition, the explicit FRPs model considers only the generation ramping limitation. Other security constraints, such as the transmission limits, are not considered, which leads to deliverability issues of FRPs. To deal with these shortcomings of current FRPs models, this paper proposes a deliverable FRPs based on a distributionally-robust chance constrained multi-interval optimal power flow (DRCC-MIOPF) considering the spatiotemporal correlation of wind power and demand uncertainties endogenously. Furthermore, an asymmetrical affine policy (AAP) is proposed to leverage generation flexibility and mitigate the uncertainty in different directions. The pricing mechanism of the FRPs is proposed using a novel uncertainty-contained locational marginal price (U_LMP) which is derived from the proposed AAP-DRCC-MIOPF model. New components representing the price of FRPs are added into the traditional LMP formulation. Finally, the PJM 5-bus, IEEE 39-bus and IEEE 118-bus systems case studies validate the proposed FRPs approach. The payment of uncertain demand and wind power on FRPs are analyzed.

electricity market↗

Estimating Energy Market Schedules using Historical Price Data

The global climate crisis is expected to reshape the energy generation landscape in the coming decades. Increasing integration of non-dispatchable renewable energy resources into energy infrastructures and markets creates uncertainty as well as new opportunities for flexible energy systems. To conduct proper economic evaluation of flexible energy systems, such as integrated energy systems (IES), advancements in modelling of market interactions, such as bidding, is crucial. This work presents a shortcut algorithm which uses two mixed integer linear programs to compute dispatch schedules (e.g., hourly power production targets) that are constrained by the resource's bid information and characteristics (e.g., minimum up and down times) based on historical locational marginal price (LMP) data. The proposed algorithm is approximately 100 times faster and uses orders of magnitude less data than a full production cost model (PCM). We find the shortcut simulator recapitulates generator dispatch signals for the Prescient PCM with approximately 4% error for the RTS-GMLC test system.

electricity generation↗

Economic viability of using thermal energy storage for flexible carbon capture on natural gas power plants

Fossil fuel-based power plants generate 80% of the electricity in the United States and provide a reliable generation source for both base and peak power demands. These plants are expected to adapt to changes in environmental policies that will require carbon management with carbon capture and storage (CCS) representing a possible solution. Current solvent-based CCS has a detrimental impact on a power plant's performance due to large heat loads required for carbon capture solvent regeneration. This parasitic load restricts the power plant's output and operation flexibility. Therefore, this study evaluates the feasibility of using thermal storage technologies for natural gas combined cycle (NGCC) power plants coupled with CCS to minimize the impact of solvent regeneration and enable the plant to operate at peak power output. Thermal storage can minimize the impact of CCS on the power plant by providing the heat load required for solvent regeneration during times of peak demand which will allow the plant to operate unrestricted and at full power. In total, fifteen unique thermal storage configurations were evaluated from three thermal storage categories: Brayton cycle heat pump, vapor compression heat pump, and heat recovery steam generator steam extraction for storage. The viability of these systems was determined by evaluating each configuration on thousands of real-world Locational Marginal Pricing (LMP) profiles from the New York Independent System Operator and California Independent System Operator electricity markets using a techno-economic analysis. Afterwards, results were compared to the performance of a base power plant (NGCC with CCS and no thermal storage) to determine the impact of thermal storage on power plant economics. Overall, six of the thermal storage configurations performed better than base CCS enabled power plant on between 11.5% and 38.7% of the LMP signals evaluated. The best performing configuration was a vapor compression heat pump that used flue gas as the working fluid and had both hot and cold thermal storage units. This configuration performed better than the base CCS power plant on 38.7% of the LMP profiles. The results of this study show thermal storage can mitigate the economic impact of carbon capture solvent regeneration on NGCC power plants. Discussion focuses on the impact of electricity pricing on the optimal thermal storage system, the advantages and disadvantages of the systems evaluated, and identifies limitations with the study.

25 ENERGY STORAGE↗

Endogenous Interface Pricing for Consistent Transmission–Distribution Co-Optimization With Discrete Distribution Controls

This paper proposes an endogenous interface pricing model for day-ahead transmission–distribution co-optimization that co-determines the interface locational marginal price (LMP) and the transmission–distribution exchange, ensuring price–dispatch consistency while optimally scheduling discrete distribution controls. The formulation couples a DC optimal power flow (OPF) with a branch-flow AC OPF that schedules distributed energy resources (DERs), tap-changer settings, capacitor banks (CBs), and multi-period energy storage systems (ESSs) under feeder voltage and current limits, and is solved as a mixed-integer second-order cone program (MISOCP). In a T14–D33 system, coordinated device scheduling recovers about 90% of the distribution-to-transmission export achievable in a reference case that ignores distribution network (DN) limits, while satisfying a 1.05 p.u. voltage upper bound. In a T39–D34/D37/D123 system, a sequential decoupled benchmark produces interface LMP distortions up to 12.5% and a 7.28% mismatch in net export energy, whereas the proposed model removes these distortions and the associated settlement mismatches. Second-order cone (SOC) relaxation gaps remain below $10^{-3}$ in all cases.

Noh, Seung-Gil↗

Optimal Iterative Method for Network Utility Maximization with Intertemporal Constraints

Network utility maximization (NUM) has been widely used to solve the optimal resource allocation problem in wireless network and power systems. The network planner aims to allocate generation and demand over producers and consumers such that social welfare is maximized while supply and demand are balanced, and network constraints such as branch capacity constraints are satisfied. However, when taking into account dynamics of agents, such as ramp rate constraints on power output for suppliers and impact of cumulative prior consumption on current demand for consumers, a single-period formulation is not sufficient. We propose an iterative method for the multi-period NUM with intertemporal constraints based on dual decomposition. It features a price iteration scheme that achieves optimal social welfare, and the algorithm is guaranteed to converge if proper concavity condition holds. We illustrate the iterative algorithm by power system examples. It is shown that similar to locational marginal price (LMP) in power systems, time-varying congestion prices arise when there exists binding branch constraints. Simulation results also demonstrate that there is increase in social welfare compared to a single-period formulation.

Ma, Ke↗

Energy Operation Model

Energy Operation Model (EOM) simulates the operation of the electric grid at the zonal scale, including inter-zonal transmission constraints. It generates the production cost, power generation by plant and category, fuel usage, and locational marginal price (LMP) with a flexible way to constrain the power production by environmental constraints, e.g. heat waves, drought conditions). Different from commercial software such as PROMOD IV where generator capacity and heat rate efficiency can only be adjusted on a monthly basis, EOM calculates capacity impacts and plant efficiencies based on hourly ambient conditions (air temperature and humidity) and cooling water availability for thermal plants. What is missing is a hydro power dispatch.

Source record↗

cerf: A Python package to evaluate the feasibility and costs of power plant siting for alternative futures

Long-term electric power sector planning and capacity expansion is a key area of interest to stakeholders across a wide range of organizations because it helps in making informed decisions about investments in infrastructure within the context of potential future vulnerabilities under various natural and human stressors. Future power plant siting costs will depend on a number of factors including the characteristics of the electricity capacity expansion and electricity demand (e.g., fuel mix of future electric power capacity, and the magnitude and geographic distribution of electricity demand growth) as well as the geographic location of power plants. Electricity technology capacity expansion plans modeled to represent alternate future conditions meeting a set of scenario assumptions are traditionally compared against historical trends which may not be consistent with current and future conditions. We present the `cerf` Python package (a.k.a., the Capacity Expansion Regional Feasibility model) which helps evaluate the feasibility and structure of future, scenario-driven electricity capacity expansion plans by siting power plants in areas that have been deemed the least cost option while considering dynamic future conditions. We can use `cerf` to gain insight to research topics such as: 1) under what conditions future projected electricity expansion plans from models such as GCAM-USA are possible to achieve, 2) where and which on-the-ground barriers to siting (e.g., protected areas, cooling water availability) may influence our ability to achieve certain expansions, and 3) how electricity infrastructure build-outs and value may evolve into the future when considering locational marginal pricing (LMP) based on the supply and demand of electricity from a grid operations model.

20 FOSSIL-FUELED POWER PLANTS↗

Analysis of Differential Financial Impacts of LWR Load-Following Operations. Revision 1

This document reports the application of HERON (Holistic Energy Resource Optimization Network), a newly-developed RAVEN (Risk Analysis Virtual ENvironment) plugin for grid and capacity optimization, to a case study conducted in collaboration with Arizona Public Service (APS). The study is a work in progress; this report presents a description of current models and corresponding results for a particular consideration. APS is anticipating several operational challenges. The first is rapid growth of Variable Renewable Energy (VRE) sources such as wind and solar power providing energy to the grid in the APS service region. This creates challenges for baseload operation of the Palo Verde Generating Station (PVGS), a nuclear power plant co-owned and operated by APS. The second challenge for APS is a change in the cooling water acquisition contract with the Sub Regional Operating Group (SROG). The existing contract is expiring soon, and a renewal is only available for a significantly higher price of water. These two challenges represent a difficulty in maintaining profitability for PVGS as local area demand is highly fluctuant and water prices may increase. Furthermore, excess production at PVGS is currently traded on the Palo Verde energy Hub (PVH), which occasionally offers very low or negative locational marginal prices (LMP) for electricity. This analysis considers the potential benefits of occasional curtailment of PVGS as a method to mitigate unprofitable production hours. Similar to load following, optional daily curtailment would allow APS to elect curtailment of PVGS as low as 70% of its nominal operating level between the hours of 08:00 and 16:00 provided local area demand is met and it is profitable to do so. This document reports a stochastic differential analysis of the Net Present Value (NPV) of PVGS as operated by NPS as a result of optional curtailment operation. To model this differential case, HERON has been designed from previous efforts in this study as a generic tool to accelerate the design and execution of RAVEN workflows for technoeconomic analysis of grid energy systems. HERON leverages both RAVEN and the CashFlow plugin for RAVEN to stochastically explore or optimize a response surface with energy grid system production capacities as inputs and mean NPV as a goal function. HERON performs these evaluations by stochastically sampling market, weather, and demand events using RAVEN’s ARMA reduced-order model capability to generate boundary conditions for dispatch optimization. The algorithm performs the dispatch optimization for each of the synthetic scenarios. For this case, HERON designs workflows to simulate behavior of the PVH, wind, solar, and APS local area demand, and use these synthetic scenarios to stochastically evaluate the differential benefit of optional curtailment for each scenario. While this study finds optional curtailment to be a potential source of revenue, the magnitude of the differential NPV is sufficiently small that it is unlikely a priority for increasing the profitability of PVGS. Further, the differential NPV shrinks throughout the simulated years, suggesting the long-term benefit of such operation given current assumptions is negligible.

14 SOLAR ENERGY↗

Techno-Economic Analysis and Optimization of a Compressed-Air Energy Storage System Integrated with a Natural Gas Combined-Cycle Plant

To address the rising electricity demand and greenhouse gas concentration in the environment, considerable effort is being carried out across the globe on installing and operating renewable energy sources. However, the renewable energy production is affected by diurnal and seasonal variability. To ensure that the electric grid remains reliable and resilient even for the high penetration of renewables into the grid, various types of energy storage systems are being investigated. In this paper, a compressed-air energy storage (CAES) system integrated with a natural gas combined-cycle (NGCC) power plant is investigated where air is extracted from the gas turbine compressor or injected back into the gas turbine combustor when it is optimal to do so. First-principles dynamic models of the NGCC plant and CAES are developed along with the development of an economic model. The dynamic optimization of the integrated system is undertaken in the Python/Pyomo platform for maximizing the net present value (NPV). NPV optimization is undertaken for 14 regions/cases considering year-long locational marginal price (LMP) data with a 1 h interval. Design variables such as the storage capacity and storage pressure, as well as the operating variables such as the power plant load, air injection rate, and air extraction rate, are optimized. Results show that the integrated CAES system has a higher NPV than the NGCC-only system for all 14 regions, thus indicating the potential deployment of the integrated system under the assumption of the availability of caverns in close proximity to the NGCC plant. The levelized cost of storage is found to be in the range of 136–145 $/MWh. Roundtrip efficiency is found to be between 74.6–82.5%. A sensitivity study with respect to LMP shows that the LMP profile has a significant impact on the extent of air injection/extraction while capital expenditure reduction has a negligible effect.

25 ENERGY STORAGE↗

Decentralized Voltage optimization Method for Distribution Networks with Distributed PVs

In order to solve the voltage violations caused by high penetration distributed photovoltaics (PVs), this paper proposes a decentralized voltage optimization method for distribution networks. Through the optimal dispatch of distributed PVs and reactive power resources, it realizes the voltage security and economic operation of distribution systems and facilitates the integration of massive distributed PVs. The proposed method is inspired by the idea of locational marginal price (LMP) and feasible cutting plane. It separates the optimization of boundary bus voltage and power flow in adjacent regions and uses the interaction of boundary variables’ marginal prices to obtain the optimal solution. The effectiveness and accuracy of the proposed method are demonstrated via simulation test on a practical l0kV feeder in China.

Xue, Yaosuo↗

Estimating Energy Market Schedules Using Historical Price Data: Preprint

The global climate crisis is expected to reshape the energy generation landscape in the coming decades. Increasing integration of non-dispatchable renewable energy resources into energy infrastructures and markets increases uncertainty and creates new opportunities for flexible energy systems. To conduct proper economic evaluation of flexible energy systems, such as integrated energy systems (IES), advancements in modelling of market interactions, such as bidding, is crucial. This work presents a shortcut algorithm which uses two mixed integer linear programs to compute dispatch schedules (e.g., hourly power production targets) that are constrained by the resource's bid information and characteristics (e.g., minimum up and down times) based on historical locational marginal price (LMP) data. This is orders of magnitude less data than required for a market clearing calculation with a full production cost model (PCM). We find the shortcut simulator recapitulates generator dispatch signals for the Prescient PCM with approximately 4% error for the RTS-GMLC test system.

electricity generation↗

Introducing Uncertainty Components in Locational Marginal Prices for Pricing Wind Power and Load Uncertainties

With substantially increasing penetration levels of wind power, electric power system flexibility is needed to address the variability and uncertainty of wind power output. Thus, it has become an urgent issue to obtain an optimal trade-off between economics and reliability, and to price system uncertainties. This paper proposes a new electricity market-clearing mechanism based on locational marginal prices (LMPs) for pricing uncertain generation and load. The uncertainty contained locational marginal price (U-LMP) is derived from a distributionally robust chance-constrained optimal power flow (DRCC-OPF) model in which only the first-order and second-order moments of the uncertain sources' probability distribution are needed. Compared with traditional LMPs, the proposed U-LMP formulation includes two new uncertainty components: transmission line overload uncertainty price and generation violation uncertainty price. These LMP uncertainty components are the price signals reflecting the system costs as a result of wind generation and demand uncertainty at different locations. Finally, using parametric case studies, the relationship among uncertainty levels, system generation cost, and LMP uncertainty components are established. Case studies performed on the PJM 5-bus and IEEE 118-bus systems verify the proposed U-LMP method.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Robust Unit Commitment Considering Uncertain Demand Response

Although price responsive demand response has been widely accepted as playing an important role in the reliable and economic operation of power system, the real response from demand side can be highly uncertain due to limited understanding of consumers' response to pricing signals. To model the behavior of consumers, the price elasticity of demand has been explored and utilized in both research and real practice. However, the price elasticity of demand is not precisely known and may vary greatly with operating conditions and types of customers. To accommodate the uncertainty of demand response, alternative unit commitment methods robust to the uncertainty of the demand response require investigation. In this paper, a robust unit commitment model to minimize the generalized social cost is proposed for the optimal unit commitment decision taking into account uncertainty of the price elasticity of demand. By optimizing the worst case under proper robust level, the unit commitment solution of the proposed model is robust against all possible realizations of the modeled uncertain demand response. Numerical simulations on the IEEE Reliability Test System show the e ectiveness of the method. Finally, compared to unit commitment with deterministic price elasticity of demand, the proposed robust model can reduce the average Locational Marginal Prices (LMPs) as well as the price volatility.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Data-Driven Probabilistic Anomaly Detection for Electricity Market under Cyber Attacks

Information and communication technologies have been widely used in smart grid for efficient operation. However, these technologies are vulnerable to malicious cyber attacks, which may lead to severe reliability and economic issues. Recently, a variety of data-driven anomaly detection approaches have been explored to detect potential cyber attacks in smart grids. In this paper, we researched on the electricity market data aiming to identify anomalies from the locational marginal prices (LMPs) and provide a new indicator for potential cyber attacks in power grids. Specifically, a novel data-driven probabilistic anomaly detection framework is proposed for electricity market, which consists of three major components: long short-term memory (LSTM) based deterministic electricity price forecasting, probabilistic electricity price forecasting and anomaly detection. This framework is tested on a model-based electricity market simulator under two types of cyber attacks, i.e., load redistribution attack (LRA) and price responsive attack (PRA). Numerical results on the simulated LMPs show that the proposed framework is capable of detecting data anomalies over these attacks.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗