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Stochastic coordination of joint wind and photovoltaic systems with energy storage in day-ahead market

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  • Gomes, I.L.R.
  • Pousinho, H.M.I.
  • Melício, R.
  • Mendes, V.M.F.

Abstract

This paper presents an optimal bid submission in a day-ahead electricity market for the problem of joint operation of wind with photovoltaic power systems having an energy storage device. Uncertainty not only due to the electricity market price, but also due to wind and photovoltaic powers is one of the main characteristics of this submission. The problem is formulated as a two-stage stochastic programming problem. The optimal bids and the energy flow in the batteries are the first-stage variables and the energy deviation is the second stage variable of the problem. Energy storage is a way to harness renewable energy conversion, allowing the store and discharge of energy at conveniently market prices. A case study with data from the Iberian day-ahead electricity market is presented and a comparison between joint and disjoint operations is discussed.

Suggested Citation

  • Gomes, I.L.R. & Pousinho, H.M.I. & Melício, R. & Mendes, V.M.F., 2017. "Stochastic coordination of joint wind and photovoltaic systems with energy storage in day-ahead market," Energy, Elsevier, vol. 124(C), pages 310-320.
    • Handle: RePEc:eee:energy:v:124:y:2017:i:c:p:310-320
    DOI: 10.1016/j.energy.2017.02.080
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    References listed on IDEAS

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