Power demand forecasting is a significant factor in the planning and economic and secure operation of modern power system. This research work has compared different forecasting techniques and opted to find out better technique in context of power generation, which varies rapidly from time to time. The dataset has been generated from yearly demand of electricity of Bangladesh for last five years...

We propose a new approach to risk modeling in power optimization employing the concept of stochastic dominance. This leads to new classes of large-scale block-structured mixed-integer linear programs for which we present decomposition algorithms. The new methodology is applied to stochastic optimization problems related to operation and investment planning in a power system with dispersed gener...

Over many years, there has been a drive in the electricity industry towards better integration of environmentally friendly and renewable generation resources for power systems. Such show ...

In power markets, the trade of reserve energy will become more important as more intermittent generation is traded. In this work, we propose a novel bidding mechanism for the integration of power and reserve markets. It adds expressivity to reserve bids and facilitates planning.