Offering model for a virtual power plant based on stochastic programming

► A two-stage stochastic offering model for a virtual power plant is presented. ► The virtual power plant consists of an intermittent source, a dispatchable source and a storage unit. ► The virtual power plant trades in the day-ahead and balancing markets. ► Characteristic scenarios are thoroughly a...

Celý popis

Uloženo v:
Podrobná bibliografie
Vydáno v:Applied energy Ročník 105; s. 282 - 292
Hlavní autoři: Pandžić, Hrvoje, Morales, Juan M., Conejo, Antonio J., Kuzle, Igor
Médium: Journal Article
Jazyk:angličtina
Vydáno: Kidlington Elsevier Ltd 01.05.2013
Elsevier
Témata:
Applied sciences
case studies
electricity
Electricity markets
Energy
Exact sciences and technology
linear programming
market prices
markets
Natural energy
power
power plants
Pumped hydro storage plant
Stochastic programming
Virtual power plant
Wind energy
Wind power plant
Wind power plant
Virtual power plant
Electricity markets
Pumped hydro storage plant
Stochastic programming
Electric power plant
Electricity
Markets
Models
Modeling
Pumped storage
ISSN:0306-2619, 1872-9118
On-line přístup:Získat plný text
Tagy: Přidat tag
Žádné tagy, Buďte první, kdo vytvoří štítek k tomuto záznamu!
Popis
Shrnutí:► A two-stage stochastic offering model for a virtual power plant is presented. ► The virtual power plant consists of an intermittent source, a dispatchable source and a storage unit. ► The virtual power plant trades in the day-ahead and balancing markets. ► Characteristic scenarios are thoroughly analyzed and relevant conclusions are drawn. A virtual power plant aggregates various local production/consumption units that act in the market as a single entity. This paper considers a virtual power plant consisting of an intermittent source, a storage facility, and a dispatchable power plant. The virtual power plant sells and purchases electricity in both the day-ahead and the balancing markets seeking to maximize its expected profit. Such model is mathematically rigorous, yet computationally efficient. The offering problem is cast as a two-stage stochastic mixed-integer linear programming model which maximizes the virtual power plant expected profit. The uncertain parameters, including the power output of the intermittent source and the market prices, are modeled via scenarios based upon historical data. The proposed model is applied to a realistic case study and conclusions are drawn.
Bibliografie:http://dx.doi.org/10.1016/j.apenergy.2012.12.077
ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
ISSN:0306-2619
1872-9118
DOI:10.1016/j.apenergy.2012.12.077