Smart self-scheduling of Gencos with thermal and energy storage units under price uncertainty

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Title: Smart self-scheduling of Gencos with thermal and energy storage units under price uncertainty
Authors: Soroudi, Alireza
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Date: Jul-2013
Abstract: This paper provides a self-scheduling tool for price taker Gencos. This methodology is based on Robust Optimization (RO) to deal with the uncertainties of market price values in the day-ahead electricity pool market. The Genco is assumed to be the entity who decides about the operating schedules of its thermal units and Compressed Air Energy Storage units. The benefits of Genco brought by smart grid technology and energy storage systems are investigated in this work. The applicability of the proposed method is analyzed through different scenarios.
Type of material: Journal Article
Publisher: Wiley
Journal: International Transactions on Electrical Energy Systems
Volume: 24
Issue: 10
Start page: 1401
End page: 1418
Copyright (published version): 2013 John Wiley and Sons, Ltd
Keywords: Robust optimizationPrice taker GencoThermal schedulingUncertainty modelingSmart grids
DOI: 10.1002/etep.1780
Language: en
Status of Item: Peer reviewed
Appears in Collections:Electrical and Electronic Engineering Research Collection

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