Risk-based strategies for wind/pumped-hydro coordination under electricity markets

Franck Bourry (1) , Luis Costa (1) , Georges Kariniotakis (1)

1 CEP - Centre Énergétique et Procédés

When participating in an electricity market, wind power generation may be penalized by increased regulation costs due the stochastic nature of the wind resource. The negative impact associated to the stochastic nature of wind may be reduced by coupling the wind farm with energy storage facilities, thus constituting a virtual power plant. In this paper, focus is put on advanced methods for reducing regulation costs. A novel method is proposed for the intra-day scheduling and operation of such a plant in an electricity market environment. Such method is able to minimize the imbalance penalty risks associated to wind power forecast uncertainty through a rolling-window approach. Results based on a real-world test case are presented and discussed.

Mots clés: Decision-Making Electricity Markets; Pumped-Hydro; Risk; Virtual Power Plant Operation; Wind Power; Wind Power Forecasting

Domaines: Mathématiques [math]; Probabilités [math.PR]; Mathématiques [math]; Statistiques [math.ST]; Statistiques [stat]; Théorie [stat.TH]; Mathématiques [math]; Mathématiques appliquées; Sciences de l'ingénieur [physics]; Energétique; Sciences de l'ingénieur [physics]; Traitement du signal et de l'image [eess.SP]; Informatique [cs]; Traitement du signal et de l'image [eess.SP]

Franck Bourry, Luis Costa, Georges Kariniotakis. Risk-based strategies for wind/pumped-hydro coordination under electricity markets. Bucharest PowerTech Conference, Jun 2009, Bucharest, Romania. pp.3086-3093 - ISBN 978-1-4244-2234-0, ⟨10.1109/PTC.2009.5282276⟩. ⟨hal-00505139⟩