Joint Planning and Operation for Renewable- Storage Under Different Financial Incentives and Market Mechanisms

Tian, Kunpeng; Sun, Weiqing; Han, Dong; Yang, Ce

doi:10.1109/access.2020.2966224

Cited by 11 publications

(10 citation statements)

References 43 publications

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“…Indirect integration costs were not highlighted in these studies. Indirect integration costs were mentioned in [38,39]. Research [38] provided a coordinated planning and operation model of renewable energy sources and energy storage systems.…”

Section: A Background and Motivationmentioning

confidence: 99%

“…Indirect integration costs were mentioned in [38,39]. Research [38] provided a coordinated planning and operation model of renewable energy sources and energy storage systems. The amount of wind energy utilization and curtailment were considered.…”

Section: A Background and Motivationmentioning

confidence: 99%

“…Research [39] evaluated the impacts of wind penetration on electricity prices and the fixed cost recovery of conventional generators. Nonetheless, research [38,39] did not consider the impact of solar integration, which also plays an important role in many countries' electrical systems.…”

Section: A Background and Motivationmentioning

confidence: 99%

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The Impact of Variable Renewable Energy Integration on Total System Costs and Electricity Generation Revenue

Imcharoenkul

Chaitusaney

2022

IEEE Access

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Section: A Background and Motivationmentioning

confidence: 99%

Section: A Background and Motivationmentioning

confidence: 99%

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The Impact of Variable Renewable Energy Integration on Total System Costs and Electricity Generation Revenue

Imcharoenkul

Chaitusaney

2022

IEEE Access

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“…Economic dispatch was used in [7] to study the impact of the energy storage system on the operation of a power system with wind power. Authors in [8] surveyed the operation and planning problem of a system, including the combination of wind powers and storage devices. Some prediction challenges of wind power in the electricity market were resolved in [9] through a hybrid system consisting of wind power and battery.…”

Section: Introductionmentioning

confidence: 99%

Wind Farm-based Green Hydrogen: A Virtual Power Plant Case Study

Kordkheili

Pourakbari‐Kasmaei

Lehtonen

et al. 2022

2022 18th International Conference on the European Energy Market (EEM)

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Decarbonization of the energy sector requires further wind farms for electricity generation. Green hydrogen can assist in many aspects, such as overcoming the uncertainty of wind generation. In this study, the concept of a virtual power plant (VPP), including a wind farm, electrical energy storage, powerto-hydrogen, hydrogen-to-power, and gas network, is investigated to exploit the full potential of wind farms. The gas network will play the role of virtual green hydrogen storage for the wind farm operator (WFO). The WFO interacts with two main electricity markets, namely the day-ahead electricity market, to sell the major share of production, and the balancing electricity market, to handle the deviations. The simulation results show the effectiveness of the proposed model in decreasing the deviations of WFOs to deliver the required electrical power committed to the electricity market, thus increasing their profit. Moreover, sensitivity analyses performed on the conversion ratio of the power-to-hydrogen show that the profit of WFO will increase with improvement in this parameter.

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“…Also, the capacities of battery energy storage systems were determined in [15] to assist large-scale offshore wind farms in dealing with uncertainty. On the other hand, the authors in [16] studied the planning and operation of coordinated wind turbines and energy storage systems under different market mechanisms, while the scheduling problem of a wind-battery system to participate in the day-ahead electricity market was investigated in [17]. In the area of energy storage, it is always challenging how to offer a promising future for the retired EV battery-storage system, and in [18], the authors coupled these batteries with wind energy and studied bid situations in different electricity markets.…”

Section: Introductionmentioning

confidence: 99%

Multi-Alternative Operation-Planning Problem of Wind Farms Participating in Gas and Electricity Markets

et al. 2021

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By taking subsidies out of the picture, wind farm operators (WFO) face new challenges to participate in electricity markets. While conventional producers benefit from dispatchable generation, wind farms with stochastic nature have a challenging job to compete with these players in the market and need to come up with alternative solutions. To this end, energy storage has a great potential in managing the volatile generation and thereby increasing the profit of WFOs. Moreover, the gas market opens new opportunities to improve the flexibilities of WFOs in addressing the incurred penalties due to deviation between prediction and generation. For the sake of practicality, this paper proposes a joint operation-planning model. The WFO bids in both the day-ahead electricity market and gas market while also investing in alternative facilities, including electrical energy storage, gas storage, power-to-gas (P2G), and gas-to-power (G2P). The proposed framework is formulated as a mixed-integer nonlinear programming (MINLP) model. To guarantee to find the global solution, the original MINLP model is recast into a mixed-integer linear programming (MILP) model. Several case studies are defined to capture the potential of the proposed framework on the profit of the WFO, scrutinizing the performance of different facilities and interactions with the aforementioned markets. The modeling provides a tool for the WFOs for considering different alternative approaches to deal with the uncertainty of generation. This includes storing the wind farm surplus generation directly into electrical energy storage or by converting this surplus into gas via P2G and either storing it in gas storage or selling it in the gas market. Moreover, under the lack of generation condition, the electrical energy storage can provide electricity, or the gas from the gas market and gas storage can turn to electricity through G2P to assist WFOs. Results show the effectiveness of the proposed framework in enhancing the profitability of wind farms via different alternatives while highlighting the role of the gas market as a promising solution.INDEX TERMS Electricity market, electrical energy storage, gas storage, gas-to-power, gas market, operation and planning, power-to-gas, wind farm. NOMENCLATUREA. Indexes

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Joint Planning and Operation for Renewable- Storage Under Different Financial Incentives and Market Mechanisms

Cited by 11 publications

References 43 publications

The Impact of Variable Renewable Energy Integration on Total System Costs and Electricity Generation Revenue

The Impact of Variable Renewable Energy Integration on Total System Costs and Electricity Generation Revenue

Wind Farm-based Green Hydrogen: A Virtual Power Plant Case Study

Multi-Alternative Operation-Planning Problem of Wind Farms Participating in Gas and Electricity Markets

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