CVaR-based stochastic wind-thermal generation coordination for Turkish electricity market

CVaR-based stochastic wind-thermal generation coordination for Turkish electricity market

论文摘要

Uncertainties in wind power forecasting, dayahead and imbalance prices for the next day possess a great deal of risks for the profit of generation companies participating in a day-ahead electricity market. Generation companies are exposed to imbalance penalties in the balancing market for unordered mismatches between associated day-ahead power schedule and real-time generation. Coordination of wind and thermal power plants alleviates the risks raised from wind uncertainties. This paper proposes a novel optimal coordination strategy by balancing wind power forecasting deviations with thermal units in the Turkish day-ahead electricity market. The main focus of this study is to provide an optimal trade-off between the expected profit and the risk under wind uncertainty through conditional value at risk(CVa R)methodology. Coordination problem is formulated as a two-stage mixed-integer stochastic programming problem,where scenario-based wind power approach is used to handle the stochasticity of the wind power. Dynamic programming approach is utilized to attain the commitment status of thermal units. Profitability of the coordination with different day-ahead bidding strategies and trade-off between expected profit and CVa R are examined with comparative scenario studies.

论文目录

文章来源

类型: 期刊论文

作者: Aycan AYDO?DU,Osman Bülent T?R,Ali Nezih GüVEN

来源: Journal of Modern Power Systems and Clean Energy 2019年05期

年度: 2019

分类: 工程科技Ⅱ辑

专业: 电力工业

单位: Department of Electrical and Electronics Engineering,Middle East Technical University,The Bucharest University of Economic Studies

基金: the project ‘‘Intelligent system for trading on wholesale electricity market’’ (SMARTRADE),co-financed by the European Regional Development Fund (ERDF),through the Competitiveness Operational Programme (COP) 2014-2020,priority axis 1 – Research,technological development and innovation (RD&I) to support economic competitiveness and business development,Action 1.1.4 – Attracting high-level personnel from abroad in order to enhance the RD capacity,contract ID P_37_418,no. 62,05.09.2016,beneficiary The Bucharest University of Economic Studies

分类号: TM73

页码: 1307-1318

总页数: 12

文件大小: 3685K

下载量: 7

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CVaR-based stochastic wind-thermal generation coordination for Turkish electricity market
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