In this paper, we propose a new unit commitment model that captures the sub-hourly variability of wind power. Scenarios are included in the stochastic unit commitment formulation to represent the uncertainty and intermittency of wind power output. A modified Benders decomposition method is used...

The high penetration of both Distributed Energy Resources (DER) and Demand Response (DR) in modern power systems requires a sequence of advanced strategies and technologies for maintaining system reliability and flexibility. Real-time electricity markets (RTM) are the non-discriminatory...