On optimal participation in the electricity markets of wind power plants with battery energy storage systems
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hdl:2117/118479
Tipus de documentArticle
Data publicació2018-01-01
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Abstract
The recent cost reduction and technological advances in medium- to large-scale battery energy storage systems (BESS) makes these devices a true alternative for wind producers operating in electricity markets. Associating a wind power farm with a BESS (the so-called virtual power plant (VPP)) provides utilities with a tool that converts uncertain wind power production into a dispatchable technology that can operate not only in spot and adjustment markets (day-ahead and intraday markets) but also in ancillary services markets that, up to now, were forbidden to non-dispatchable technologies. What is more, recent studies have shown capital cost investment in BESS can be recovered only by means of such a VPP participating in the ancillary services markets. We present in this study a multi-stage stochastic programming model to find the optimal operation of a VPP in the day-ahead, intraday and secondary reserve markets while taking into account uncertainty in wind power generation and clearing prices (day-ahead, secondary reserve, intraday markets and system imbalances). A case study with real data from the Iberian electricity market is presented.
Descripció
© <year>. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
CitacióHeredia, F., Cuadrado, M., Corchero, C. On optimal participation in the electricity markets of wind power plants with battery energy storage systems. "Computers & operations research", 1 Gener 2018, vol. 96, p. 316-329.
ISSN0305-0548
Versió de l'editorhttps://www.sciencedirect.com/science/article/pii/S030505481830073X
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