Combined hydro-wind generation bids in a pool-based electricity market

Electric Power Systems Research

Volumn 79, Issue 7, 2009, Pages 1038-1046

  Angarita, Jorge L ^a   Usaola, Julio ^b   Martínez Crespo, Jorge ^b  

^a INDRA SA ^*  (Spain)

^b UNIVERSIDAD CARLOS III DE MADRID   (Spain)

Author keywords

Combined bids; Electricity markets; Hydro energy; Stochastic optimization; Wind energy

Indexed keywords

ELECTRIC GENERATORS; ELECTRIC UTILITIES; MARKETING; OPTIMIZATION; PRODUCTION ENGINEERING; RANDOM PROCESSES;

COMBINED BIDS; ELECTRICITY MARKETS; HYDRO ENERGY; STOCHASTIC OPTIMIZATION; WIND ENERGY;

WIND POWER;

EID: 63549130930     PISSN: 03787796     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.epsr.2009.01.002     Document Type: Article

References (26)

1. European Parliament, Directive 2001/77/EC of the European Parliament and of the Council of 27 September 2001: on the promotion of electricity produced from renewable energy sources in the internal electricity market, Official Journal of the European Communities, vol. L283/33.
2. Alexiadis M.C., Dokopoulos P.S., Sahsamanoglou H.S., and Manousaridis I.M. Short-term forecasting of wind speed and relaxed electrical power. Solar Energy 63 1 (1998) 61-68
3. Focken U., Lange M., Mönnich K., Waldl H., Beyer H.G., and Luig A. Short-term prediction of aggregated power output of wind farms-a statistical analysis of the reduction of the prediction error by spatial smoothing effects. J. Wind Energy Eng. Ind. Aerodyn. 90 (2002) 231-246
4. Sánchez I. Short-term prediction of wind energy production. Int. J. Forecasting 22 (2006) 43-56
5. Spanish Electricity Market Activity Rules (English version) [online]. Available: http://www.omel.es.
6. The Office of Gas and Electricity Markets (OFGEM). An Overview of the New Electrical Trading Arrangement [online]. Available: http://www.ofgem.gov.uk.
7. The Common Nordic Power Market (Nordpool). Available: http://www.nordpool.com.
8. Bathurst G.N., Weatherrill J., and Strbac G. Trading wind generation in short-term energy markets. IEEE Trans. Power Syst. 17 3 (2002) 782-789
9. Galloway S., Bell G., Burt G., McDonald J., and Siewierski T. Managing the risk of trading wind energy in a competitive market. IEE Proc.-Gener. Transm. Distrib. 153 1 (2006) 106-114
10. Jaramillo O.A., Borja M.A., and Huacuz J.M. Using hydropower to complement wind energy: a hybrid system to provide firm power. Renewable Energy 29 11 (2004) 1887-1909
11. Bélanger C., and Gagnon L. Adding wind energy to hydro power. Energy Policy 30 14 (2002) 1279-1284
12. Kaldellis J.K., and Kavadias K.A. Optimal wind-hydro solution for Aegean Sea islands' electricity demand fulfillment. J. Appl. Energy 70 4 (2001) 333-354
13. Bueno C., and Carta J.A. Wind powered pumped hydro storage systems, and means of increasing the penetration of renewable energy in the Canary Islands. Renew. Sustain. Energy Rev. 10 4 (2006) 312-340
14. Castronuovo E.D., and Peças Lopes J.A. Optimal operation and hydro storage sizing of a wind-hydro power plant. Electr. Power Energy Syst. 26 10 (2004) 771-778
15. Castronuovo E.D., and Peças Lopes J.A. Bounding active power generation of a wind-hydro power plant. Proceedings of the 8th International Conference on Probabilistic Methods Applied to Power Systems (2004), Iowa State University, Ames, Iowa
16. Castronuovo E.D., and Peças Lopes J.A. On the optimization of the daily operation of a wind-hydro power plant. IEEE Trans. Power Syst. 19 3 (2004) 1599-1606
17. CPLEX 10.0 Users Manual. Available: http://www.gams.com.
18. G. Infanger, DECIS User's Guide: A System for Solving Large-scale Stochastic Programs. Available: http://www.gams.com/docs/DECIS-Users_Guide.pdf.
19. Chang G.W., and Su C.T. A practical mixed integer linear programming based on short-term hydro scheduling. Proceedings of the IEEE/PES Transmission and Distribution Conference and Exhibition 2002, vol. 3. Asia Pacific (October 2002) 1606-1610
20. Chang G.W., Aganagic M., Waight J.G., Medina J., Burton T., Reeves S., and Christoforidis M. Experiences with mixed integer linear programming based approaches on short-term hydro scheduling. IEEE Trans. Power Syst. 16 4 (2001) 743-749
21. Luo G.X., Habibollahzadeh H., and Semlyem A. Short-term hydro-thermal dispatch detailed model and solutions. IEEE Trans. Power Syst. 4 4 (1989) 1452-1462
22. Brännlund H., Sjelvgren D., and Bubenko J.A. Short-term generation scheduling with security constraints. IEEE Trans. Power Syst. 3 1 (1988) 310-316
23. Nilson O., and Sjelvgren D. Variable splitting applied to modeling of start-costs in short-term hydro generation scheduling. IEEE Trans. Power Syst. 12 2 (1997) 770-775
24. Conejo A., Arroyo J.M., and Contreras J. Self-scheduling of a hydro producer in a pool-based electricity market. IEEE Trans. Power Syst. 17 4 (2002) 1265-1272
25. J. Angarita, Integración de energía eólica en mercados competitivos de energía eléctrica, PhD thesis, Universidad Carlos III de Madrid, 2007.
26. J. Parkes, J. Wasey, A. Tendal, L. Muñoz, Wind energy trading benefits through short-term forecasting. Available: http://www.garradhassan.com/downloads/reports.