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(24 citation statements)

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“…This modeling is about the optimal scheduling of wind thermal–pumped storage plant. The total cost of the coordinated system, being a major objective function, is as follows: $$\begin{array}{c}lefttrueminimize\phantom{\rule{1em}{0ex}}\\ {\text{italicCOST}}_{\text{total}}={\text{italicCOST}}_{\text{fuel}}+{\text{italicCOST}}_{\text{direct}}+{\text{italicCOST}}_{\mathrm{UE}}+{\text{italicCOST}}_{\mathrm{OE}}+{\text{italicCOST}}_{\text{reserve}}+{\text{italicCOST}}_{\text{realtime}},\end{array}$$ where COST total is the total cost of the system. The other cost terms are explained as follows.…”

confidence: 99%

“…This modeling is about the optimal scheduling of wind thermal–pumped storage plant. The total cost of the coordinated system, being a major objective function, is as follows: $$\begin{array}{c}lefttrueminimize\phantom{\rule{1em}{0ex}}\\ {\text{italicCOST}}_{\text{total}}={\text{italicCOST}}_{\text{fuel}}+{\text{italicCOST}}_{\text{direct}}+{\text{italicCOST}}_{\mathrm{UE}}+{\text{italicCOST}}_{\mathrm{OE}}+{\text{italicCOST}}_{\text{reserve}}+{\text{italicCOST}}_{\text{realtime}},\end{array}$$ where COST total is the total cost of the system. The other cost terms are explained as follows.…”

confidence: 99%

“…The first term of the equation is the fuel cost of the conventional power plant expressed as, $${\mathit{\text{COST}}}_{\text{fuel}}=\sum _{i=1}^{\mathit{NG}}\left({\alpha}_{i}{\mathit{PG}}_{i}^{2}+{\beta}_{i}{\mathit{PG}}_{i}+{\gamma}_{i}\right),$$ where, α , β , γ are the cost coefficient. PG i indicates the thermal power produced in i th unit, and NG indicates the number of thermal units.…”

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.…”

confidence: 99%