| Title | Risk-Constrained Offering Strategy for Aggregated Hybrid Power Plant Including Wind Power Producer and Demand Response Provider |
|---|---|
| Authors | Aghaei, Jamshid , Barani, Mostafa , Shafie-Khah, Miadreza , SÁNCHEZ DE LA NIETA LÓPEZ, AGUSTÍN ALEANDRO, Catalao, Joao P. S. |
| External publication | Si |
| Means | IEEE Trans. Sustainable Energy |
| Scope | Article |
| Nature | Científica |
| JCR Quartile | 1 |
| SJR Quartile | 1 |
| JCR Impact | 4.909 |
| SJR Impact | 2.368 |
| Web | https://www.scopus.com/inward/record.uri?eid=2-s2.0-84949991266&doi=10.1109%2fTSTE.2015.2500539&partnerID=40&md5=d52c77e287fb39e8338d6e9336aad20a |
| Publication date | 01/04/2016 |
| ISI | 000373148500007 |
| Scopus Id | 2-s2.0-84949991266 |
| DOI | 10.1109/TSTE.2015.2500539 |
| Abstract | The unpredictable and volatile nature of wind power is the main obstacle of this generation source in short-term trading. Owing to the ability of demand side to cover wind power imbalances, aggregated loads have been presented in the literature as a good complementary resource for the wind generation. To this end, this paper proposes a technique to obtain the best offering strategy for a hybrid power plant consisting of a wind power producer and a demand response provider in the power market. In addition, conditional value-at-risk is used to limit the risk on profit variability. Finally, a detailed analysis of a realistic case study based on a wind farm in Spain has illustrated that joint operation of wind power producers and demand response providers can increase the expected profit and reduce the potential risks. |
| Keywords | Hybrid power plant; wind power; demand response; offering strategy; stochastic programming |
| Universidad Loyola members |