2021
DOI: 10.1049/gtd2.12116
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Capacity value evaluation of wind farms considering the correlation between wind power output and load

Abstract: A method of capacity value evaluation for wind farms considering the correlation between wind power and load is presented. The paper starts with defining the metric of capacity value called capacity credit, and its basic evaluation process. Then the core part of capacity credit evaluation, which is the reliability assessment of power systems, is focused on. In this core part, two limitations of the frequently used cross entropy based importance sampling method are analysed. To solve the problems, an improved m… Show more

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Cited by 8 publications
(3 citation statements)
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References 30 publications
(77 reference statements)
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“…The United States predicts that the proportion of renewable energy will exceed 36% in 2050 [4]. Compared with the traditional synchronous power system, the power electronic power sources represented by wind power and high voltage direct current (HVDC) transmission in the PEPS are connected to the grid on a large scale [5][6][7]. However, due to the replacement of a high proportion of traditional synchronous inertia and the decoupling characteristics of power electronic power supplies [8], the inertia level of the power system is sharply reduced and the FR capability is relatively weakened, which will lead to a series of power system frequency operation safety problems [9][10][11].…”
Section: Introductionmentioning
confidence: 99%
“…The United States predicts that the proportion of renewable energy will exceed 36% in 2050 [4]. Compared with the traditional synchronous power system, the power electronic power sources represented by wind power and high voltage direct current (HVDC) transmission in the PEPS are connected to the grid on a large scale [5][6][7]. However, due to the replacement of a high proportion of traditional synchronous inertia and the decoupling characteristics of power electronic power supplies [8], the inertia level of the power system is sharply reduced and the FR capability is relatively weakened, which will lead to a series of power system frequency operation safety problems [9][10][11].…”
Section: Introductionmentioning
confidence: 99%
“…Other interesting techniques complement the previous list, see, for instance: distributed processing [20] and adequacy equivalent [21]. In the last decade, however, VRTs have been receiving increased recognition for reaching very accurate results with high computational performance via importance sampling (IS), optimized by the cross-entropy (CE) method, either in reliability evaluations of generation [22,23] or composite GT systems [24][25][26][27][28][29][30]. Finally, a bibliography on composite system reliability assessment, for the period from 2000 to 2020, is referenced in [31].…”
Section: Introductionmentioning
confidence: 99%
“…The purpose of these models is to reach a state of equilibrium between strategic participants and the electricity market. These models do not only outline the optimal strategy for the market participants but also aid the system operator to keep the market under surveillance and enact regulatory policies accordingly [5]. That said, the majority of these studies have only examined a single type of energy, that is, electricity.…”
Section: Introductionmentioning
confidence: 99%