A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Combined hydro-wind generation bids in a pool-based electricity market
Present regulatory trends are promoting the irect participation of wind energy in electricity markets. The final result of these markets sets the production scheduling for the operation time, including a power commitment from the wind generators. However, wind resources are uncertain, and the final power delivered usually differs from the initial power committed. This imbalance produces an overcost in the system, which must be paid by those who produce it, e.g., wind generators among others. As a result, wind farm revenue decreases, but it could increase by allowing wind farms to submit their bids to the markets together with a hydro generating unit, which may easily modify its production according to the expected imbalance. This paper presents a stochastic optimization technique that maximizes the joint profit of hydro and wind generators in a pool-based electricity market, taking into account the uncertainty of wind power prediction. ; En prensa
Combined hydro-wind generation bids in a pool-based electricity market
Present regulatory trends are promoting the irect participation of wind energy in electricity markets. The final result of these markets sets the production scheduling for the operation time, including a power commitment from the wind generators. However, wind resources are uncertain, and the final power delivered usually differs from the initial power committed. This imbalance produces an overcost in the system, which must be paid by those who produce it, e.g., wind generators among others. As a result, wind farm revenue decreases, but it could increase by allowing wind farms to submit their bids to the markets together with a hydro generating unit, which may easily modify its production according to the expected imbalance. This paper presents a stochastic optimization technique that maximizes the joint profit of hydro and wind generators in a pool-based electricity market, taking into account the uncertainty of wind power prediction. ; En prensa
Combined hydro-wind generation bids in a pool-based electricity market
Angarita Márquez, Jorge Luis (author) / Usaola García, Julio (author) / Martínez Crespo, Jorge (author)
2009-01-01
doi:10.1016/j.epsr.2009.01.002
Article (Journal)
Electronic Resource
English
DDC:
690
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