Risk-Constrained Offering Strategy for Aggregated Hybrid Power Plant Including Wind Power Producer and Demand Response Provider
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Outros Autores: | , , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://repositorio.inesctec.pt/handle/123456789/4854 http://dx.doi.org/10.1109/tste.2015.2500539 |
Resumo: | The unpredictable and volatile nature of wind power is the main obstacle of this generation source in short-term trading. Owing to the ability of demand side to cover wind power imbalances, aggregated loads have been presented in the literature as a good complementary resource for the wind generation. To this end, this paper proposes a technique to obtain the best offering strategy for a hybrid power plant consisting of a wind power producer and a demand response provider in the power market. In addition, conditional value-at-risk is used to limit the risk on profit variability. Finally, a detailed analysis of a realistic case study based on a wind farm in Spain has illustrated that joint operation of wind power producers and demand response providers can increase the expected profit and reduce the potential risks. |
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Risk-Constrained Offering Strategy for Aggregated Hybrid Power Plant Including Wind Power Producer and Demand Response ProviderThe unpredictable and volatile nature of wind power is the main obstacle of this generation source in short-term trading. Owing to the ability of demand side to cover wind power imbalances, aggregated loads have been presented in the literature as a good complementary resource for the wind generation. To this end, this paper proposes a technique to obtain the best offering strategy for a hybrid power plant consisting of a wind power producer and a demand response provider in the power market. In addition, conditional value-at-risk is used to limit the risk on profit variability. Finally, a detailed analysis of a realistic case study based on a wind farm in Spain has illustrated that joint operation of wind power producers and demand response providers can increase the expected profit and reduce the potential risks.2017-12-22T18:37:41Z2016-01-01T00:00:00Z2016info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://repositorio.inesctec.pt/handle/123456789/4854http://dx.doi.org/10.1109/tste.2015.2500539engAghaei,JBarani,MShafie Khah,MSanchez de la Nieta,AASJoão Catalãoinfo:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-05-15T10:20:10Zoai:repositorio.inesctec.pt:123456789/4854Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:52:45.573354Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Risk-Constrained Offering Strategy for Aggregated Hybrid Power Plant Including Wind Power Producer and Demand Response Provider |
title |
Risk-Constrained Offering Strategy for Aggregated Hybrid Power Plant Including Wind Power Producer and Demand Response Provider |
spellingShingle |
Risk-Constrained Offering Strategy for Aggregated Hybrid Power Plant Including Wind Power Producer and Demand Response Provider Aghaei,J |
title_short |
Risk-Constrained Offering Strategy for Aggregated Hybrid Power Plant Including Wind Power Producer and Demand Response Provider |
title_full |
Risk-Constrained Offering Strategy for Aggregated Hybrid Power Plant Including Wind Power Producer and Demand Response Provider |
title_fullStr |
Risk-Constrained Offering Strategy for Aggregated Hybrid Power Plant Including Wind Power Producer and Demand Response Provider |
title_full_unstemmed |
Risk-Constrained Offering Strategy for Aggregated Hybrid Power Plant Including Wind Power Producer and Demand Response Provider |
title_sort |
Risk-Constrained Offering Strategy for Aggregated Hybrid Power Plant Including Wind Power Producer and Demand Response Provider |
author |
Aghaei,J |
author_facet |
Aghaei,J Barani,M Shafie Khah,M Sanchez de la Nieta,AAS João Catalão |
author_role |
author |
author2 |
Barani,M Shafie Khah,M Sanchez de la Nieta,AAS João Catalão |
author2_role |
author author author author |
dc.contributor.author.fl_str_mv |
Aghaei,J Barani,M Shafie Khah,M Sanchez de la Nieta,AAS João Catalão |
description |
The unpredictable and volatile nature of wind power is the main obstacle of this generation source in short-term trading. Owing to the ability of demand side to cover wind power imbalances, aggregated loads have been presented in the literature as a good complementary resource for the wind generation. To this end, this paper proposes a technique to obtain the best offering strategy for a hybrid power plant consisting of a wind power producer and a demand response provider in the power market. In addition, conditional value-at-risk is used to limit the risk on profit variability. Finally, a detailed analysis of a realistic case study based on a wind farm in Spain has illustrated that joint operation of wind power producers and demand response providers can increase the expected profit and reduce the potential risks. |
publishDate |
2016 |
dc.date.none.fl_str_mv |
2016-01-01T00:00:00Z 2016 2017-12-22T18:37:41Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://repositorio.inesctec.pt/handle/123456789/4854 http://dx.doi.org/10.1109/tste.2015.2500539 |
url |
http://repositorio.inesctec.pt/handle/123456789/4854 http://dx.doi.org/10.1109/tste.2015.2500539 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/embargoedAccess |
eu_rights_str_mv |
embargoedAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131603348226049 |