Conference Proceedings

Distribution System Planning under Uncertainty: A Comparative Analysis of Decision-Making Approaches

CB Domenech, S Riaz, P Mancarella

2021 IEEE Madrid PowerTech, PowerTech 2021 - Conference Proceedings | IEEE | Published : 2021

Abstract

In light of the significant uncertainty that distribution systems are facing with the uptake of distributed energy resources and ongoing technical and commercial transformations, planning emerges as a daunting task. Tools supporting decision making in uncertain environments become key to make cost-effective and risk-aware decisions. However, no clear comparison exists across methodologies whereby the relative cost and risk implications are assessed. On these premises, this paper proposes a comparative analysis of stochastic optimization, least-worst regret, and robust optimization, with specific application to distribution systems. After reviewing the features of each methodology, we introdu..

View full abstract

Grants