Optimal coordinated wind-photovoltaic bidding in electricity markets

A.A. Sánchez de la Nieta; R.F.M. Martins; J.P.S. Catalao; J. Contreras

doi:10.1109/AUPEC.2015.7324855

Optimal coordinated wind-photovoltaic bidding in electricity markets

A.A. Sánchez de la Nieta
, R.F.M. Martins
, J.P.S. Catalao
, J. Contreras

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

7 Citations (Scopus)

Abstract

The high penetration of wind and photovoltaic power in electricity markets will represent a major challenge in the forthcoming years. The main problem of both technologies is the high uncertainty in their production and their dependence on environmental conditions. The coordination between wind and photovoltaic power aims to lower imbalances, reducing their associated penalties. This paper describes two strategies: i) separate wind and photovoltaic strategy and ii) single wind-photovoltaic strategy. The strategies proposed are solved through stochastic mixed integer linear programming. The expected profits are maximized and they are obtained by selling the energy in the day-ahead market. The imbalances are penalized in the balancing market as well. The model is tested for a week, 168 hours, and the data used come from the Spanish electricity market. The results of the case study are discussed, comparing both strategies. Following the discussion, the most important conclusions are presented.

Original language	English
Title of host publication	2015 Australasian Universities Power Engineering Conference (AUPEC) : Wollongong, Australia, 27-30 September 2015 : AUPEC2015 : Challenges for Future Grids
Place of Publication	Piscataway
Publisher	Institute of Electrical and Electronics Engineers
Pages	1-6
ISBN (Electronic)	978-1-4799-8725-2
DOIs	https://doi.org/10.1109/AUPEC.2015.7324855
Publication status	Published - Sept 2015
Externally published	Yes
Event	25th Australasian Universities Power Engineering Conference (AUPEC 2015) - University of Wollongong, Wollongong, Australia Duration: 27 Sept 2015 → 30 Sept 2015 Conference number: 25

Conference

Conference	25th Australasian Universities Power Engineering Conference (AUPEC 2015)
Abbreviated title	AUPEC 2015
Country/Territory	Australia
City	Wollongong
Period	27/09/15 → 30/09/15

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

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10.1109/AUPEC.2015.7324855

Cite this

Sánchez de la Nieta , A. A., Martins, R. F. M., Catalao, J. P. S., & Contreras, J. (2015). Optimal coordinated wind-photovoltaic bidding in electricity markets. In 2015 Australasian Universities Power Engineering Conference (AUPEC) : Wollongong, Australia, 27-30 September 2015 : AUPEC2015 : Challenges for Future Grids (pp. 1-6). Institute of Electrical and Electronics Engineers. https://doi.org/10.1109/AUPEC.2015.7324855

Sánchez de la Nieta , A.A. ; Martins, R.F.M. ; Catalao, J.P.S. et al. / Optimal coordinated wind-photovoltaic bidding in electricity markets. 2015 Australasian Universities Power Engineering Conference (AUPEC) : Wollongong, Australia, 27-30 September 2015 : AUPEC2015 : Challenges for Future Grids. Piscataway : Institute of Electrical and Electronics Engineers, 2015. pp. 1-6

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abstract = "The high penetration of wind and photovoltaic power in electricity markets will represent a major challenge in the forthcoming years. The main problem of both technologies is the high uncertainty in their production and their dependence on environmental conditions. The coordination between wind and photovoltaic power aims to lower imbalances, reducing their associated penalties. This paper describes two strategies: i) separate wind and photovoltaic strategy and ii) single wind-photovoltaic strategy. The strategies proposed are solved through stochastic mixed integer linear programming. The expected profits are maximized and they are obtained by selling the energy in the day-ahead market. The imbalances are penalized in the balancing market as well. The model is tested for a week, 168 hours, and the data used come from the Spanish electricity market. The results of the case study are discussed, comparing both strategies. Following the discussion, the most important conclusions are presented.",

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Sánchez de la Nieta , AA, Martins, RFM, Catalao, JPS & Contreras, J 2015, Optimal coordinated wind-photovoltaic bidding in electricity markets. in 2015 Australasian Universities Power Engineering Conference (AUPEC) : Wollongong, Australia, 27-30 September 2015 : AUPEC2015 : Challenges for Future Grids. Institute of Electrical and Electronics Engineers, Piscataway, pp. 1-6, 25th Australasian Universities Power Engineering Conference (AUPEC 2015), Wollongong, Australia, 27/09/15. https://doi.org/10.1109/AUPEC.2015.7324855

Optimal coordinated wind-photovoltaic bidding in electricity markets. / Sánchez de la Nieta , A.A.; Martins, R.F.M.; Catalao, J.P.S. et al.
2015 Australasian Universities Power Engineering Conference (AUPEC) : Wollongong, Australia, 27-30 September 2015 : AUPEC2015 : Challenges for Future Grids. Piscataway: Institute of Electrical and Electronics Engineers, 2015. p. 1-6.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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AU - Contreras, J.

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AB - The high penetration of wind and photovoltaic power in electricity markets will represent a major challenge in the forthcoming years. The main problem of both technologies is the high uncertainty in their production and their dependence on environmental conditions. The coordination between wind and photovoltaic power aims to lower imbalances, reducing their associated penalties. This paper describes two strategies: i) separate wind and photovoltaic strategy and ii) single wind-photovoltaic strategy. The strategies proposed are solved through stochastic mixed integer linear programming. The expected profits are maximized and they are obtained by selling the energy in the day-ahead market. The imbalances are penalized in the balancing market as well. The model is tested for a week, 168 hours, and the data used come from the Spanish electricity market. The results of the case study are discussed, comparing both strategies. Following the discussion, the most important conclusions are presented.

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Sánchez de la Nieta AA, Martins RFM, Catalao JPS, Contreras J. Optimal coordinated wind-photovoltaic bidding in electricity markets. In 2015 Australasian Universities Power Engineering Conference (AUPEC) : Wollongong, Australia, 27-30 September 2015 : AUPEC2015 : Challenges for Future Grids. Piscataway: Institute of Electrical and Electronics Engineers. 2015. p. 1-6 doi: 10.1109/AUPEC.2015.7324855

Optimal coordinated wind-photovoltaic bidding in electricity markets

Abstract

Conference

UN SDGs

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