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Sharing of Profit From Coordinated Operation Planning and Bidding of Hydro and Wind Power
KTH, School of Electrical Engineering (EES), Electric Power Systems.
KTH, School of Electrical Engineering (EES), Electric Power Systems.ORCID iD: 0000-0002-8189-2420
2010 (English)In: IEEE Transactions on Power Systems, ISSN 0885-8950, E-ISSN 1558-0679, Vol. 25, no 3, 1663-1673 p.Article in journal (Refereed) Published
Abstract [en]

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.
Keyword [en]
Coordinated planning, hydro power production, Shapley value, stochastic optimization, wind power production
National Category
Other Electrical Engineering, Electronic Engineering, Information Engineering
Identifiers
URN: urn:nbn:se:kth:diva-26641DOI: 10.1109/TPWRS.2010.2040636ISI: 000282544900046Scopus ID: 2-s2.0-77954834555OAI: oai:DiVA.org:kth-26641DiVA: diva2:374335
Note
QC 20101203Available from: 2010-12-03 Created: 2010-11-26 Last updated: 2017-12-12Bibliographically approved

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Söder, Lennart

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