2016
DOI: 10.1007/s00202-016-0382-5
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Abstract: This paper proposes an optimal scheduling/ allocation of energy and spinning reserves for a wind-thermal power system. There is a considerable need for the renewable energy resources in the modern power system; therefore, in this paper, wind energy generators are used. Here, two different market clearing models are proposed. One model includes reserve offers from the conventional thermal generators, and the other includes reserve offers from both thermal generators, and demand/consumers. The stochastic behavio… Show more

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Cited by 42 publications
(29 citation statements)
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References 48 publications
(48 reference statements)
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“…Also, the total operating cost of wind power composes of (1) direct cost, (2) uncertainty cost. The direct cost of wind power generation is (Reddy et al 2016;Reddy 2017a):…”
Section: Model Of Wind Power Uncertaintymentioning
confidence: 99%
See 1 more Smart Citation
“…Also, the total operating cost of wind power composes of (1) direct cost, (2) uncertainty cost. The direct cost of wind power generation is (Reddy et al 2016;Reddy 2017a):…”
Section: Model Of Wind Power Uncertaintymentioning
confidence: 99%
“…Reddy et al (2016) have demonstrated optimal operation of microgrid using hybrid differential evolution and harmony search algorithm. Reddy (2017a) worked on optimal scheduling of wind-thermal power system using clustered adaptive teaching learning based optimization. Reddy (2017b) suggested optimization of renewable energy resources in hybrid energy systems.…”
Section: Introductionmentioning
confidence: 99%
“…• Requires large generation station and close proximity to a water reservoir. PHES system is a well-developed means of storage and is important due to its capability in handling very large power, covering a range from about (200-2000) MW [37]. They don't release any green house gasses and uses renewable energy as fuel source.…”
Section: Pumped Hydro Energy Storage (Phes) Systemmentioning
confidence: 99%
“…Research [21] further links up the day-ahead scheduling and real-time scheduling by a more meticulous generation dispatch mode to formulate a comprehensive strategy. Researches [22][23][24][25][26] introduce the market mechanism to ensure the economic efficiency of power system considering the risk due to uncertainties. The overestimation and underestimation costs of the renewable energy sources are considered in the objective, which is similar to the upregulation and downregulation in the adjustment stage.…”
Section: Introductionmentioning
confidence: 99%