Optimal bidding for risk-averse hybrid power station producers in insular power systems: An MPEC approach
| Autor: | Anastasios G. Bakirtzis, Andreas V. Ntomaris |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Mathematical optimization
Electric power system Operator (computer programming) Linear programming Stochastic process Computer science 020209 energy 0202 electrical engineering electronic engineering information engineering Production (economics) 02 engineering and technology Bidding Hybrid power Grid |
| Zdroj: | ISGT Europe |
| DOI: | 10.1109/isgteurope.2017.8260169 |
| Popis: | This paper proposes an offering/bidding strategy for a hybrid power station producer who is in charge of operating wind and pumped-hydro storage units in a coordinated manner. To this purpose, a risk-constrained, two-stage stochastic, bi-level optimization formulation is used to model the hybrid producer's problem. The proposed method is in line with the provisions of the Greek network code for non-interconnected islands, where an energy-only quantity for the total projected energy injection/absorption to/from the grid must be submitted to the System Operator during the day-ahead scheduling procedure. The bi-level model is finally converted to a mixed-integer linear programming model in order to be tractable. Simulation results from a real-world insular system demonstrate the effectiveness of the proposed modeling approach. |
| Databáze: | OpenAIRE |
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