Strategic bidding of hydrogen-wind-photovoltaic energy system in integrated energy and flexible ramping markets with renewable energy uncertainty.

The uncertainty of renewable energy undermines the competitiveness of Renewable Energy Generation Companies (REGC) in market bidding. Hydrogen energy storage, as a novel high-energy-density energy storage technology, is considered an ideal solution to address the uncertainty of renewable energy and provide flexible ramping products (FRP) to the grid. Building upon this, this paper combines hydrogen energy storage and renewable energy to build a hydrogen-wind-photovoltaic (HWP) system, and introduces HWP into the flexible ramping market for the first time, while participating in the energy market. To capture the interactions between HWP and market players with different utility functions, this paper establishes a bi-level bidding strategy model for HWP participation in the integrated energy and flexible ramping markets, It enables HWP to optimize its internal unit output to increase revenue based on current market conditions. In addition to this, the uncertainty of renewable energy output is taken into account in the upper-level model. Finally, the effectiveness of the proposed two-stage stochastic bi-level optimization scheduling model was validated on IEEE 6-bus and 36-bus transmission-constrained networks. Tests demonstrated that the proposed model effectively assists HWP in formulating optimal bidding strategies in the joint market under uncertainty. Compared to solely participating in a single energy market, HWP's simultaneous participation in energy and flexible ramping markets increased total revenue by 12.22%. • Utilizing hydrogen energy storage to provide Flexible Ramping Product (FRP). • Hydrogen-Wind-Photovoltaic (HWP) participates in energy and flexible ramping market. • Establishing a bi-level strategic bidding model for HWP. • Considering the influence of renewable energy uncertainty on bidding strategies. • The introduction of the FRP increased HWP's total revenue by 12.22%. [ABSTRACT FROM AUTHOR]