A Robust Day-Ahead Electricity Market Clearing Model Considering Wind Power Penetration
With the development and grid-connection of renewable energy sources such as wind power, there are more and more uncertainties in power systems, and large-scale wind power has brought many challenges to the security and stability the systems. These uncertainties have to be eliminated by means of upw...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2018-07-01
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| Series: | Energies |
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| Online Access: | http://www.mdpi.com/1996-1073/11/7/1772 |
| _version_ | 1818013981691871232 |
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| author | Hongze Li Xuejie Wang Fengyun Li Yuwei Wang Xinhua Yu |
| author_facet | Hongze Li Xuejie Wang Fengyun Li Yuwei Wang Xinhua Yu |
| author_sort | Hongze Li |
| collection | DOAJ |
| description | With the development and grid-connection of renewable energy sources such as wind power, there are more and more uncertainties in power systems, and large-scale wind power has brought many challenges to the security and stability the systems. These uncertainties have to be eliminated by means of upward or downward regulations of conventional generators and charging/discharging services of energy storage devices. Based on the analysis of the influence of wind power uncertainties on the day-ahead electricity market, this article proposes a robust clearing model for the day-ahead electricity market considering the wind power penetration, which can help to complete the dispatch of power system. Compared with the traditional models, the proposed model is a multi-objective model, which considers both the lowest operating cost and the least wind power curtailment of power system. Moreover, the obtained dual multipliers λ corresponding to the power balance constraints reflect the marginal cost of the power production in a certain period, that is, the locational marginal price (LMP), which can be used as the clearing prices. This robust market clearing model takes into consideration the economic and reliability of the system operation and accommodates as much renewable energy as possible. The simulation of three wind power producers was implemented on the IEEE 30-bus test system, which verified the rationality of the proposed approaches. |
| first_indexed | 2024-04-14T06:39:59Z |
| format | Article |
| id | doaj.art-33ab62f7a23c40ffa71a198ec7fbed3f |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-04-14T06:39:59Z |
| publishDate | 2018-07-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-33ab62f7a23c40ffa71a198ec7fbed3f2022-12-22T02:07:22ZengMDPI AGEnergies1996-10732018-07-01117177210.3390/en11071772en11071772A Robust Day-Ahead Electricity Market Clearing Model Considering Wind Power PenetrationHongze Li0Xuejie Wang1Fengyun Li2Yuwei Wang3Xinhua Yu4School of Economics and Management, North China Electric Power University, Beijing 102206, ChinaSchool of Economics and Management, North China Electric Power University, Beijing 102206, ChinaSchool of Economics and Management, North China Electric Power University, Beijing 102206, ChinaDepartment of Economic Management, North China Electric Power University, Baoding 071003, ChinaSchool of Economics and Management, North China Electric Power University, Beijing 102206, ChinaWith the development and grid-connection of renewable energy sources such as wind power, there are more and more uncertainties in power systems, and large-scale wind power has brought many challenges to the security and stability the systems. These uncertainties have to be eliminated by means of upward or downward regulations of conventional generators and charging/discharging services of energy storage devices. Based on the analysis of the influence of wind power uncertainties on the day-ahead electricity market, this article proposes a robust clearing model for the day-ahead electricity market considering the wind power penetration, which can help to complete the dispatch of power system. Compared with the traditional models, the proposed model is a multi-objective model, which considers both the lowest operating cost and the least wind power curtailment of power system. Moreover, the obtained dual multipliers λ corresponding to the power balance constraints reflect the marginal cost of the power production in a certain period, that is, the locational marginal price (LMP), which can be used as the clearing prices. This robust market clearing model takes into consideration the economic and reliability of the system operation and accommodates as much renewable energy as possible. The simulation of three wind power producers was implemented on the IEEE 30-bus test system, which verified the rationality of the proposed approaches.http://www.mdpi.com/1996-1073/11/7/1772day-ahead electricity marketwind power uncertaintyrobust market clearingwind power curtailment |
| spellingShingle | Hongze Li Xuejie Wang Fengyun Li Yuwei Wang Xinhua Yu A Robust Day-Ahead Electricity Market Clearing Model Considering Wind Power Penetration Energies day-ahead electricity market wind power uncertainty robust market clearing wind power curtailment |
| title | A Robust Day-Ahead Electricity Market Clearing Model Considering Wind Power Penetration |
| title_full | A Robust Day-Ahead Electricity Market Clearing Model Considering Wind Power Penetration |
| title_fullStr | A Robust Day-Ahead Electricity Market Clearing Model Considering Wind Power Penetration |
| title_full_unstemmed | A Robust Day-Ahead Electricity Market Clearing Model Considering Wind Power Penetration |
| title_short | A Robust Day-Ahead Electricity Market Clearing Model Considering Wind Power Penetration |
| title_sort | robust day ahead electricity market clearing model considering wind power penetration |
| topic | day-ahead electricity market wind power uncertainty robust market clearing wind power curtailment |
| url | http://www.mdpi.com/1996-1073/11/7/1772 |
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