Abstract: To balance the non-renewable power generation cost and the risk of violating security constraints in the presence of uncertain renewable power generation, a multi-objective risk-limiting optimal power flow (MORLOPF) problem is presented in this paper. To tackle this problem, a curve fitting based computationally efficient method is proposed. Simulation and comparison results show that the proposed method is computationally much faster than the previously developed golden section method based two-level algorithm, and the obtained results are almost the same.
Keywords: renewable energy, security constraints, optimal non-renewable power generation, multi-objective risk-limiting optimal power flow, golden section metho
