Scenario-Wise Distributionally Robust Optimization for Collaborative Intermittent Resources and Electric Vehicle Aggregator Bidding Strategy.

The increasing penetrations of renewable energy in the electricity sector and plug-in electric vehicles (PEVs) in the transportation sector have increased the interests in introducing new methods to deal with uncertainties in power system studies. In this paper, a new distributionally robust optimization (DRO) via scenario wise ambiguity set is proposed to develop a collaborative bidding strategy for intermittent resources such as hydroelectric generation, wind farms, solar farms and electric vehicle aggregator in the day-ahead energy market. The proposed scenario wise ambiguity set is based on Wasserstein distance and is capable of considering both distributional information and statistical distance metric information in the ambiguity set. In this context, the robust counterpart of proposed DRO applying scenario based affine recourse approximation is developed in this paper. The proposed methodology is applied on a 3-bus test system as well as IEEE 118-bus test system to corroborate the effectiveness of the novel DRO model. [ABSTRACT FROM AUTHOR]