Modeling optimal long-term investment strategies of hybrid wind-thermal companies in restructured power market

MT Askari, MZAA Kadir, M Tahmasebi… - Journal of Modern …, 2019 - ieeexplore.ieee.org
In this paper, a novel framework for the estimation of optimal investment strategies for
combined wind-thermal companies is proposed. The medium-term restructured power …

Co-optimized trading of hybrid wind power plant with retired EV batteries in energy and reserve markets under uncertainties

S Zhan, P Hou, P Enevoldsen, G Yang, J Zhu… - International journal of …, 2020 - Elsevier
To be competitive in the electricity markets, various technologies have been reported to
increase profits of wind farm owners. Combining battery storage system, wind farms can be …

Game analysis of wind storage joint ventures participation in power market based on a double-layer stochastic optimization model

B Ma, S Geng, C Tan, D Niu, Z He - Processes, 2019 - mdpi.com
The volatility of a new energy output leads to bidding bias when participating in the power
market competition. A pumped storage power station is an ideal method of stabilizing new …

Coordinated wind-thermal-energy storage offering strategy in energy and spinning reserve markets using a multi-stage model

H Khaloie, A Abdollahi, M Shafie-Khah… - Applied Energy, 2020 - Elsevier
Renewable energy resources such as wind, either individually or integrated with other
resources, are widely considered in different power system studies, especially self …

Multi-objective market clearing of electrical energy, spinning reserves and emission for wind-thermal power system

SS Reddy, PR Bijwe, AR Abhyankar - … Journal of Electrical Power & Energy …, 2013 - Elsevier
This paper proposes energy and spinning reserve market clearing mechanism for wind-
thermal power system, including uncertainties in wind power generation and load demand …

Optimal offering of wind-photovoltaic-thermal generation company in energy and reserve markets in the presence of environmental and risk analysis

X Guo, Q Guo, S Nojavan - Sustainable Energy Technologies and …, 2021 - Elsevier
The integration of thermal units with renewable energy sources is increasing to reduce
greenhouse gas emissions and fossil fuels consumption. Also, renewable energy sources …

Risk-controlled economic performance of compressed air energy storage and wind generation in day-ahead, intraday and balancing markets

T Sriyakul, K Jermsittiparsert - Renewable Energy, 2021 - Elsevier
In this paper, the wind power aggregator is cooperating with a commercial compressed air
energy storage (CCAES) to participate in three markets, including day-ahead (DA), intraday …

Statistical measure for risk-seeking stochastic wind power offering strategies in electricity markets

D Xiao, H Chen, C Wei, X Bai - Journal of Modern Power …, 2021 - ieeexplore.ieee.org
This study proposes a statistical measure and a stochastic optimization model for generating
risk-seeking wind power offering strategies in electricity markets. Inspired by the value at risk …

Stochastic power management strategy for optimal day-ahead scheduling of wind-HESS considering wind power generation and market price uncertainties

M Khosravi, S Afsharnia, S Farhangi - … Journal of Electrical Power & Energy …, 2022 - Elsevier
Wind power uncertainty is one of the problems in large-scale wind farms (WFs) integration to
the electrical network. In the restructured markets, WFs have to participate in the day-ahead …

Optimal Offering and Operating Strategies for Wind‐Storage System Participating in Spot Electricity Markets with Progressive Stochastic‐Robust Hybrid Optimization …

Y Wang, H Zhao, P Li - Mathematical Problems in Engineering, 2019 - Wiley Online Library
With the increase of wind power installed capacity and the development of energy storage
technologies, it is gradually accepted that integrating wind farms with energy storage …