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Improving offering strategies for wind farms enhanced with storage capability
- Source :
- Ding, H, Hu, Z, Song, Y & Pinson, P 2015, Improving offering strategies for wind farms enhanced with storage capability . in Proceedings of 2015 IEEE Eindhoven PowerTech . IEEE, pp. 1-6, 2015 IEEE Eindhoven PowerTech, Eindhoven, Netherlands, 29/06/2015 . https://doi.org/10.1109/PTC.2015.7232244
- Publication Year :
- 2015
- Publisher :
- IEEE, 2015.
-
Abstract
- Due to the flexible charging and discharging capability, energy storage system (ESS) is thought of as a promising complement to wind farms (WF) in participating into electricity markets. This paper proposes a reserve-based real-time operation strategy of ESS to make arbitrage and to alleviate the wind power deviation from day-ahead contracts. Taking into account the operation strategy as well as two-price balancing market rules, a day-ahead bidding strategy of WF-ESS system is put forward and formulated. A modified gradient descent algorithm is described to solve the formulations. In the case studies, the computational efficiency of the algorithm is validated firstly. Moreover, a number of scenarios with/without considering the temporal dependence of wind power forecast error are designed and employed to compare the proposed strategy with other common ones in terms of profit.
- Subjects :
- Mathematical optimization
Artificial intelligence
wind power deviation
Power, Energy and Industry Applications
Computer science
energy storage system
wind farm
wind power plants
Profit (economics)
Energy storage
storage capability
two-price balancing market rules
wind power forecast error
real-time operation
electricity markets
ESS
day-ahead bidding strategy
Simulation
Wind power
Balancing market
business.industry
energy storage
wind farms
Bidding
Bidding strategy
power markets
Electricity
Arbitrage
day-ahead contracts
business
Gradient descent
operation strategy
gradient methods
gradient descent algorithm
Subjects
Details
- Language :
- English
- Database :
- OpenAIRE
- Journal :
- Ding, H, Hu, Z, Song, Y & Pinson, P 2015, Improving offering strategies for wind farms enhanced with storage capability . in Proceedings of 2015 IEEE Eindhoven PowerTech . IEEE, pp. 1-6, 2015 IEEE Eindhoven PowerTech, Eindhoven, Netherlands, 29/06/2015 . https://doi.org/10.1109/PTC.2015.7232244
- Accession number :
- edsair.doi.dedup.....2734de45a974e6a4ba7ab8db43bc6bb1