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Scheduling a Wind Hydro-Pumped-Storage Unit Considering the Economical Optimization

Author

Listed:
  • Milad Ghaisi

    (Electrical and Computer Engineering Department - University of Nebraska–Lincoln - University of Nebraska System)

  • Milad Rahmani

    (Department of Electrical Engineering - AUT - Amirkabir University of Technology)

  • Pedram Gharghabi

    (Department of Electrical and Computer Engineering (Mississipi State, USA) - Mississippi State University [Mississippi])

  • Ali Zoghi

    (Department of Electrical Engineering - AUT - Amirkabir University of Technology)

  • Seyed Hossein Hosseinian

    (Department of Electrical Engineering - AUT - Amirkabir University of Technology)

Abstract

In this paper a new approach has been introduced to find the optimum capacity of a wind farm to cooperate with a hydro-pumped-storage in order to maximize the income and optimize the payback period of their combination. First, Monte Carlo method has been used to generate the annual price and wind speed values. Then, an operating policy has been considered to schedule each unit generating and saving the produced energy by the wind farm. Subsequently, simulations have been carried out in MATLAB M-File environment to show the effectiveness of the presented method. Finally, results are presented in various circumstances to help the owner to select the optimum condition for constructing a wind hydro-pumped-storage system.

Suggested Citation

  • Milad Ghaisi & Milad Rahmani & Pedram Gharghabi & Ali Zoghi & Seyed Hossein Hosseinian, 2017. "Scheduling a Wind Hydro-Pumped-Storage Unit Considering the Economical Optimization," Post-Print hal-01478231, HAL.
    • Handle: RePEc:hal:journl:hal-01478231
    DOI: 10.12691/ajeee-5-1-3
    Note: View the original document on HAL open archive server: https://hal.science/hal-01478231
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    References listed on IDEAS

    as
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    Cited by:

    1. Choudhuri, Saha & Shi, Jian, 2017. "Study of the Industrial Precision Manufacturing and Metallic Alloys with Respect to Economic Considerations," MPRA Paper 77481, University Library of Munich, Germany.
    2. Javed, Muhammad Shahzad & Ma, Tao & Jurasz, Jakub & Amin, Muhammad Yasir, 2020. "Solar and wind power generation systems with pumped hydro storage: Review and future perspectives," Renewable Energy, Elsevier, vol. 148(C), pages 176-192.
    3. Mahfoud, Rabea Jamil & Alkayem, Nizar Faisal & Zhang, Yuquan & Zheng, Yuan & Sun, Yonghui & Alhelou, Hassan Haes, 2023. "Optimal operation of pumped hydro storage-based energy systems: A compendium of current challenges and future perspectives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 178(C).

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    More about this item

    Keywords

    wind hydro-pumped-storage; optimize the payback period; wind farm; pumped-storage; Monte Carlo;
    All these keywords.

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