Hybrid power plant offering strategy to deal with the stochastic nature and outage of wind generators

Ghavidel, S; Barani, M; Azizivahed, A; Ghadi, MJ; Li, L; Zhang, J

Hybrid power plant offering strategy to deal with the stochastic nature and outage of wind generators

Ghavidel, S Barani, M Azizivahed, A Ghadi, MJ

Li, L

Zhang, J

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Publication Type:: Conference Proceeding
Citation:: 2017 20th International Conference on Electrical Machines and Systems, ICEMS 2017, 2017
Issue Date:: 2017-10-02

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Field	Value	Language
dc.contributor.author	Ghavidel, S	en_US
dc.contributor.author	Barani, M	en_US
dc.contributor.author	Azizivahed, A	en_US
dc.contributor.author	Ghadi, MJ https://orcid.org/0000-0002-5564-5055	en_US
dc.contributor.author	Li, L https://orcid.org/0000-0001-8485-2216	en_US
dc.contributor.author	Zhang, J https://orcid.org/0000-0003-2616-6722	en_US
dc.date.available	2020-05-25T19:19:02Z
dc.date.issued	2017-10-02	en_US
dc.identifier.citation	2017 20th International Conference on Electrical Machines and Systems, ICEMS 2017, 2017	en_US
dc.identifier.isbn	9781538632468	en_US
dc.identifier.uri	http://hdl.handle.net/10453/127159
dc.description.abstract	© 2017 IEEE. The stochastic nature of wind power generators and their possible outage are crucial issues which make them difficult to participate in electricity markets. However, demand side as a decent balancing resource can be used to compensate the challenges of lack of supply-demand balance or state of outage for wind generators. This paper firstly models the outage of wind generators. Then an offering strategy with a three-stage stochastic programming is presented for a hybrid power plant which includes a wind power producer and a demand response provider. Three electricity markets are considered including day-ahead, adjustment and balancing market. The conditional value-at-risk is also added to the offering strategy to control the profit risk. The offering strategy is tested in a wind farm and electricity market located in Spain. The result shows that the hybrid power plant offering strategy can effectively assist with the balancing and outage problem of the wind power producer and increase the overall profit of the joint operation.	en_US
dc.relation.ispartof	2017 20th International Conference on Electrical Machines and Systems, ICEMS 2017	en_US
dc.relation.isbasedon	10.1109/ICEMS.2017.8056213	en_US
dc.rights	info:eu-repo/semantics/openAccess
dc.title	Hybrid power plant offering strategy to deal with the stochastic nature and outage of wind generators	en_US
dc.type	Conference Proceeding
utslib.for	090607 Power and Energy Systems Engineering (excl. Renewable Power)	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Electrical and Data Engineering
pubs.organisational-group	/University of Technology Sydney/Students
utslib.copyright.status	open_access	*
pubs.publication-status	Published	en_US

Abstract:

© 2017 IEEE. The stochastic nature of wind power generators and their possible outage are crucial issues which make them difficult to participate in electricity markets. However, demand side as a decent balancing resource can be used to compensate the challenges of lack of supply-demand balance or state of outage for wind generators. This paper firstly models the outage of wind generators. Then an offering strategy with a three-stage stochastic programming is presented for a hybrid power plant which includes a wind power producer and a demand response provider. Three electricity markets are considered including day-ahead, adjustment and balancing market. The conditional value-at-risk is also added to the offering strategy to control the profit risk. The offering strategy is tested in a wind farm and electricity market located in Spain. The result shows that the hybrid power plant offering strategy can effectively assist with the balancing and outage problem of the wind power producer and increase the overall profit of the joint operation.

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http://hdl.handle.net/10453/127159