Optimal Variable Renewable Energy Generation Schedules Considering Market Prices and System Operational Constraints

Optimal Variable Renewable Energy Generation Schedules Considering Market Prices and System Operational Constraints

The maximization of output from variable renewable energy (VRE) sources considering system operational constraints (SOCs) is a traditional method for maximizing VRE generators’ profits. However, in wholesale electricity markets, VRE participation tends to reduce marginal prices (MP) because of its l...

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Bibliographic Details
Main Authors: Veeraya Imcharoenkul, Surachai Chaitusaney
Format: Article
Language:English
Published: MDPI AG 2021-08-01
Series:Energies
Subjects:
merit-order effect
profit maximization
system operational constraints
unit-commitment
variable renewable energy
renewable energy support scheme
Online Access:https://www.mdpi.com/1996-1073/14/17/5320

Internet

https://www.mdpi.com/1996-1073/14/17/5320

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