A new approximation method for generating day-ahead load scenarios

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2013-01-01
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Feng, Yonghan
Gade, Dinakar
Watson, Jean-Paul
Wets, Roger
Woodruff, David
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Ryan, Sarah
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Industrial and Manufacturing Systems Engineering
The Department of Industrial and Manufacturing Systems Engineering teaches the design, analysis, and improvement of the systems and processes in manufacturing, consulting, and service industries by application of the principles of engineering. The Department of General Engineering was formed in 1929. In 1956 its name changed to Department of Industrial Engineering. In 1989 its name changed to the Department of Industrial and Manufacturing Systems Engineering.
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Industrial and Manufacturing Systems Engineering
Abstract

Unit commitment decisions made in the day-ahead market and resource adequacy assessment processes are based on forecasts of load, which depends strongly on weather. Two major sources of uncertainty in the load forecast are the errors in the day-ahead weather forecast and the variability in temporal patterns of electricity demand that is not explained by weather. We develop a stochastic model for hourly load on a given day, within a segment of similar days, based on a weather forecast available on the previous day. Identification of similar days in the past is based on weather forecasts and temporal load patterns. Trends and error distributions for the load forecasts are approximated by optimizing within a new class of functions specified by a finite number of parameters. Preliminary numerical results are presented based on data corresponding to a U.S. independent system operator.

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This is an accepted manuscript of a proceedings published as Y. Feng, D. Gade, S. M. Ryan, J-P Watson, R. J-B Wets, and D. L. Woodruff, A New Approximation Method for Generating Day-Ahead Load Scenarios, IEEE Power and Energy Society General Meeting, July 2013. Posted with permission.

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Tue Jan 01 00:00:00 UTC 2013