Optimal coordinated wind-hydro bidding strategies in day-ahead markets

IEEE Transactions on Power Systems

Volumn 28, Issue 2, 2013, Pages 798-809

  De La Nieta, Agustín A Sánchez ^a   Contreras, Javier ^a   Muñoz, José Ignacio ^a  

^a UNIVERSITY OF CASTILLA LA MANCHA   (Spain)

Author keywords

Bidding strategies; Conditional value at risk (CVaR); Renewable generation; Wind hydro connection

Indexed keywords

BIDDING STRATEGY; CONDITIONAL VALUE-AT-RISK; DAY-AHEAD ELECTRICITY MARKET; ELECTRICITY GENERATION SECTORS; OPTIMIZATION MODELS; PHYSICAL CONNECTIONS; RENEWABLE GENERATION; WIND-HYDRO CONNECTION;

VALUE ENGINEERING; WIND POWER;

COMMERCE;

EID: 84885434213     PISSN: 08858950     EISSN: None     Source Type: Journal    
DOI: 10.1109/TPWRS.2012.2225852     Document Type: Article

References (26)

1. N. Hatziargyriou and A. Zervos, "Wind power development in Europe," Proc. IEEE, vol. 89, no. 12, pp. 1765-1782, Dec. 2001.
2. E. A. DeMeo et al., "Advances in insights and methods for wind plant integration," IEEE Power Energy Mag., vol. 5, no. 6, pp. 68-77, Nov./ Dec. 2007.
3. C. Bueno and J. A. Carta, "Wind powered pumped hydro storage systems, a means of increasing the penetration of renewable energy in the Canary Islands," Renew. Sustain. Energy Rev., vol. 10, pp. 312-340, 2006.
4. J. K. Kaldellis and K. A. Kavadias, "Optimal wind-hydro solution for Aegean Sea Islands' electricity-demand fulfilment," Appl. Energy, vol. 70, pp. 333-354, 2001.
5. Wind-Hydro Energy Integration Project. [Online]. Available: http:// www.hydroworld.com/index/display/article-display.articles.hydro-review- worldwide.volume-17.Issue-3.Articles.Wind-Hydro-Integration- Pumped-Storage-to-Support-Wind.html.
6. Wind-Hydro Project. [Online]. Available: http://www.gov.ns.ca/ nse/ea/CBWindHydro.asp.
7. A. J. Conejo, J. M. Arroyo, J. Contreras, and F. A. Villamor, "Selfscheduling of a hydro producer in a pool-based electricity market," IEEE Trans. Power Syst., vol. 17, no. 4, pp. 1265-1272, Nov. 2002.
8. J. M. Morales, A. J. Conejo, and J. Pérez-Ruiz, "Short-termtrading for a wind power producer," IEEE Trans. Power Syst., vol. 25, no. 1, pp. 554-564, Feb. 2010.
9. H.M. I. Pousinho, V.M. F.Mendes, and J. P. S.Catalão, "A risk-averse optimization model for trading wind energy in a market environment under uncertainty," Energy, vol. 36, no. 8, pp. 4935-4942, Aug. 2011.
10. R. Rockafellar and S. Uryasev, "Optimization of conditional value-atrisk," J. Risk, vol. 2, no. 3, pp. 21-41, Spring, 2000.
11. J. Matevosyan and L. Söder, "Minimization of imbalance cost trading wind power on the short-term powermarket," IEEE Trans. Power Syst., vol. 21, no. 3, pp. 1396-1404, Aug. 2006.
12. J. M. Angarita and J. G. Usaola, "Combining hydro generation and wind energy biddings and operation on electricity spot markets," Elect. Power Syst. Res., vol. 77, no. 5-6, pp. 393-400, Apr. 2007.
13. J. García-González, R. M. R. de la Muela, L. Matres, and A. M. González, "Stochastic joint optimization of wind generation and pumped-storage units in an electricity market," IEEE Trans. Power Syst., vol. 23, no. 2, pp. 460-468, May 2008.
14. F. Gao, A. Hallam, and C.-N. Yu, "Wind generation scheduling with pump storage unit by collocation method," in Proc. IEEE Power & Energy Society General Meeting, Calgary, AB, Canada, Jul. 26-30, 2009, pp. 1-6.
15. A. J. Duque, E. D. Castronuovo, I. Sánchez, and J. Usaola, "Optimal operation of a pumped-storage hydro plant that compensates the imbalances of a wind power producer," Elect. Power Syst. Res., vol. 81, pp. 1767-1777, 2011.
16. M. Denault, D. Dupuis, and S. Couture-Cardinal, "Complementary of hydro and wind power: Improving the risk profile of energy inflows," Energy Policy, vol. 37, no. 12, pp. 5376-5384, Dec. 2009.
17. E. D. Castronuovo and J. A. P. Lopes, "On the optimization of the daily operation of a wind-hydro power unit," IEEE Trans. Power Syst., vol. 19, no. 3, pp. 1599-1606, Aug. 2004.
18. J. Matevosyan, M. Olsson, and L. Söder, "Hydropower planning coordinated with wind power in areas with congestion problems for trading on the spot and the regulating market," Elect. Power Syst. Res., vol. 79, pp. 39-48, 2009.
19. Red Eléctrica de España. [Online]. Available: http://www.esios.ree.es/ web-publica.
20. REN. [Online]. Available: http://www.ren.pt.
21. Single Electricity Market Operator. [Online]. Available: http://www. sem-o.com.
22. Operador delMercado Ibérico de Energía-Polo Español, S.A. [Online]. Available: http://www.omel.es/frames/es/resultados/resultados- index. htm.
23. J. F. Manwell, J. G. MacGowan, and A. L. Rogers, Wind Energy Explained. New York: Wiley, 2002, p. 60.
24. Spanish Renewable Energy Plan for 2005-2010. [Online]. Available: http://www.idae.es.
25. The Mathworks Inc., MATLAB. [Online]. Available: http://www. mathworks.com/.
26. A. Brooke, D. Kendrick, A. Meeraus, and R. Raman, GAMS/CPLEX: A User's Guide. Washington, DC: GAMS, 2003.