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Title: Bidding and Optimization Strategies for Wind-PV Systems in Electricity Markets Assisted by CPS
Authors: Gomes, Isaías
Pousinho, Hugo
Melício, Rui
Mendes, Victor
Keywords: Coordinated bidding strategies
wind-PV power system
linear programming
day-ahead market
Issue Date: 26-Dec-2016
Abstract: The variability in non-dispatchable power generation raises important challenges to the integration of renewable energy sources into the electricity power grid. This paper provides the coordinated trading of wind and photovoltaic energy assisted by a cyber-physical system for supporting management decisions to mitigate risks due to the wind and solar power variability, electricity prices, and financial penalties arising out the generation shortfall and surplus. The problem of wind-photovoltaic coordinated trading is formulated as a stochastic linear programming problem. The goal is to obtain the optimal bidding strategy that maximizes the total profit. The wind-photovoltaic coordinated operation is modelled and compared with the uncoordinated operation. A comparison of the models and relevant conclusions are drawn from an illustrative case study of the Iberian day-ahead electricity market.
Type: article
Appears in Collections:FIS - Publicações - Artigos em Revistas Internacionais Com Arbitragem Científica

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