Reliability-Based Coordination of the Wind and Pumped-Storage Units in an Electricity Market
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Yousef Parzivand , Vahid Vahidinasab * |
ECE Department, Abbaspour College of Technology, Shahid Beheshti University , v_vahidinasab@sbu.ac.ir |
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Abstract: (4929 Views) |
Intermittency of the wind power output is a main problem in wind energy extraction. To cope with this problem, pumped-storage units have been introduced. This paper investigates the combined optimization of a wind farm and a pumped-storage facility for the point of view of a generation company in a pool based electricity market. The optimization model is formulated as a two-stage stochastic programming problem with three random parameters: electricity price, wind generation, as well as units’ unavailability. In the proposed stochastic model, the optimal offering strategies for the day-ahead electricity market are the “here and now” decision variables while the optimal operation of the facilities are the recourse variables. In order to better show the effect of pumped-storage units on cost reduction and/or profit increment, a joint configuration is proposed and its results compared with uncoordinated operation. |
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Keywords: Wind Power, Pumped-Storage, Rreliability, Stochastic Programming. |
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Full-Text [PDF 475 kb]
(1662 Downloads)
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Type of Study: Research |
Subject:
Restructure , Privatization and Power Marketing Received: 2013/12/27 | Accepted: 2014/04/6 | Published: 2014/12/15
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