Point estimate schemes to solve the probabilistic power flow

This paper analyzes the behavior of Hong's point estimate methods to account for uncertainties on the probabilistic power flow problem. This uncertainty may arise from different sources as load demand or generation unit outages. Point estimate methods constitute a remarkable tool to handle stochastic power system problems because good results can be achieved by using the same routines as those corresponding to deterministic problems, while keeping low the computational burden. In previous works related to power systems, only the two-point estimate method has been considered. In this paper, four different Hong's point estimate schemes are presented and tested on the probabilistic power flow problem. Binomial and normal distributions are used to model input random variables. Results for two different case studies. based on the IEEE 14-bus and IEEE 118-bus test systems, respectively, are presented and compared against those obtained from the Monte Carlo simulation. Particularly, this paper shows that the use of the 2m + 1 scheme provides the best performance when a high number of random variables, both continuous and discrete, are considered.