Optimal Coordinated Wind and Generic Storage System Bidding in Electricity Markets

• Type: Article in International Conference Proceedings Book
• Date: 2015

Authors

Sanchez de la Nieta, AAS (Author) Other; Tavares, TAM (Author) Other; Catalao, JPS (Author) FEUP; Contreras, J (Author) Other

Conference proceedings International

Title: 2015 Australasian Universities Power Engineering Conference: Challenges for Future Grids, AUPEC 2015

25th Australasian Universities Power Engineering Conference, AUPEC 2015

27 September 2015 through 30 September 2015

Indexing

ISI Web of Knowledge - 0 Citations

Scopus - 5 Citations

Other information

Authenticus ID: P-00K-C5B

DOI: 10.1109/aupec.2015.7324854

Abstract (EN): The volatility of the wind generation reduces the profits of wind generators as a consequence of the differences between the real wind generation and the wind power offered in the electricity markets. This paper presents two models: i) wind and generic storage system offering without a physical connection and ii) wind and generic storage system offering with a physical connection to mitigate the wind positive imbalances (excess of the wind generation with respect to the wind power offered). The objective of the models is to maximize the expected profit of selling the energy in the day-ahead market, where the energy can come from the wind power and the storage system. Moreover, the wind power imbalance is penalized in the balancing market reducing the profits. The problems are modeled using stochastic mixed integer linear programming. A case study of a week (168 hours) is simulated to evaluate the models. After the simulations, the results are discussed and a summary of the main conclusions are presented.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 6