Sharing of Profit From Coordinated Operation Planning and Bidding of Hydro and Wind Power
2010 (English)In: IEEE Transactions on Power Systems, ISSN 0885-8950, Vol. 25, no 3, 1663-1673 p.Article in journal (Refereed) Published
Depending on market rules, namely congestion management and balancing management, coordination between wind and hydro producers may be mutually beneficial. In this paper we propose a new collaboration scheme and a fair and transparent method, based on the Shapley value, for splitting the extra value caused by a coordinated bidding and operation strategy. We account for uncertainties in wind forecast and energy price evolution. We demonstrate the proposed approaches on a realistic system including congested lines, wind farm and a hydro plant consisting of several reservoir stages.
Place, publisher, year, edition, pages
2010. Vol. 25, no 3, 1663-1673 p.
Coordinated planning, hydro power production, Shapley value, stochastic optimization, wind power production
Other Electrical Engineering, Electronic Engineering, Information Engineering
IdentifiersURN: urn:nbn:se:kth:diva-26641DOI: 10.1109/TPWRS.2010.2040636ISI: 000282544900046ScopusID: 2-s2.0-77954834555OAI: oai:DiVA.org:kth-26641DiVA: diva2:374335
QC 201012032010-12-032010-11-262010-12-03Bibliographically approved