Accommodating Renewable Energy Sources into the Modern Power System via a General Coordinated Mechanism

In order to better accommodate renewable energy sources (RESs), a general coordinated mechanism for modern power system has been proposed, which is simultaneously appropriate for economic dispatch and market clearing under the current structure of wholesale markets. In which, the system operator can achieve a global optimum under uncertainties by investing independent aggregators (IAs) with better autonomies on trade-offs between expected profits and risks. Meanwhile, IAs with RESs are free to model their internal uncertainty in a heterogeneous manner and integrate the local information into tailored bids without revealing privacy. Moreover, a parametric-programming-based distributed (PPD) algorithm is designed to support the once-daily communication mechanism. The case studies validated the nerformance of the proposed mechanism.