As part of its paper titled Evaluating the Wind/Solar Generation Variability and Forecast Error Mitigation Using Day-Ahead and Real-Time Market Interleaved/Sequential Simulations, Energy Exemplar will provide insights into the features and applications of PLEXOS capabilities in the conference on 26 June 2012.
The demonstration includes features of PLEXOS Simulator in mathematical programming, market analysis, wind integration, electric price forecast, capacity expansion planning, stochastic optimization and etc.
A day-ahead -real time interleaved simulation algorithm is implemented in the Power Market Simulation software, PLEXOS, to evaluate the effectiveness of the storage facilities to accommodate the wind and solar generation variability and forecast error.
The conference will be held at the Federal Energy Regulatory Commission, an independent agency that regulates the interstate transmission of natural gas, oil, and electricity, and it also regulates natural gas and hydropower projects.
The conference will bring together experts from ISOs/RTOs, non-market utilities and other agencies for the purposes of stimulating discussion and identifying fruitful avenues for research.
