2019
DOI: 10.1093/jigpal/jzz054
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Wind Power with Energy Storage Arbitrage in Day-ahead Market by a Stochastic MILP Approach

Abstract: This paper is about a support information management system for a wind power (WP) producer having an energy storage system (ESS) and participating in a day-ahead electricity market. Energy storage can play not only a leading role in mitigation of the effect of uncertainty faced by a WP producer, but also allow for conversion of wind energy into electric energy to be stored and then released at favourable hours. This storage provides capability for arbitrage, allowing an increase on profit of a WP producer, but… Show more

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Cited by 22 publications
(6 citation statements)
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“…They work with a 24-h time horizon, in a day ahead electricity market. In a similar way, the stochastic nature of the environment is taken into account in [23], where an information management system for a wind power producer is proposed. In this case, it also has an energy storage system and participates in a day-ahead electricity market.…”
Section: Related Workmentioning
confidence: 99%
“…They work with a 24-h time horizon, in a day ahead electricity market. In a similar way, the stochastic nature of the environment is taken into account in [23], where an information management system for a wind power producer is proposed. In this case, it also has an energy storage system and participates in a day-ahead electricity market.…”
Section: Related Workmentioning
confidence: 99%
“…The world is now seeing a dramatic increase in energy consumption, which has led researchers to search for new sources of clean energy that leave no carbon footprint [1][2][3]. Wind power stands out among them as a viable and effective substitute.…”
Section: Introductionmentioning
confidence: 99%
“…This concept, which is really general, can be applied over a wide range of fields, such as medicine diagnosis, fraud detection, cybersecurity and, of course, industry (Huang et al, 2012; Kou et al, 2004). This last field is the focus of this research, since the source of the abnormal situation can be diverse, from fault detection in actuators and instruments, to structural damage detection or wrong network performance (Gomes et al, 2019).…”
Section: Introductionmentioning
confidence: 99%