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Information Journal Paper

Title

OPTIMAL BIDDING STRATEGY OF WIND FARMS FOR JOINT OPERATION WITH OTHER ‎RENEWABLE RESOURCES IN POWER MARKET

Pages

  45-62

Abstract

 Optimal operation and bidding strategy of renewable units are two important problems of the restructured power market. In this paper, a new method for the joint operation of wind, photovoltaic and pump-storage units in day ahead power market is studied to increase the profit of joint units. In this study, ARTIFICIAL NEURAL NETWORK is used to predict the wind power generation of WIND FARMs. Since, there are uncertainties in energy and reserve prices, wind and photovoltaic power generation, the optimal operation of joint units can be modeled as a stochastic optimization problem. For this purpose, uncertainties of parameters are modeled by scenario tree method. The performance of the proposed method is evaluated on the renewable energy resources (wind farms, photovoltaic and pump-storage units) of the modified IEEE 118 bus test system. Results of the proposed joint operation of renewable resources confirm that the value of expected profit increases in comparison with uncoordinated operation (UO) of units.

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    APA: Copy

    PARASTEGARI, MOEIN, HOOSHMAND, RAHMATOLAH, KHODABAKHSHIAN, AMIN, & ZARE NEYESTANAK, AMIR HOSSEIN. (2015). OPTIMAL BIDDING STRATEGY OF WIND FARMS FOR JOINT OPERATION WITH OTHER ‎RENEWABLE RESOURCES IN POWER MARKET. COMPUTATIONAL INTELLIGENCE IN ELECTRICAL ENGINEERING (INTELLIGENT SYSTEMS IN ELECTRICAL ENGINEERING), 5(4), 45-62. SID. https://sid.ir/paper/203112/en

    Vancouver: Copy

    PARASTEGARI MOEIN, HOOSHMAND RAHMATOLAH, KHODABAKHSHIAN AMIN, ZARE NEYESTANAK AMIR HOSSEIN. OPTIMAL BIDDING STRATEGY OF WIND FARMS FOR JOINT OPERATION WITH OTHER ‎RENEWABLE RESOURCES IN POWER MARKET. COMPUTATIONAL INTELLIGENCE IN ELECTRICAL ENGINEERING (INTELLIGENT SYSTEMS IN ELECTRICAL ENGINEERING)[Internet]. 2015;5(4):45-62. Available from: https://sid.ir/paper/203112/en

    IEEE: Copy

    MOEIN PARASTEGARI, RAHMATOLAH HOOSHMAND, AMIN KHODABAKHSHIAN, and AMIR HOSSEIN ZARE NEYESTANAK, “OPTIMAL BIDDING STRATEGY OF WIND FARMS FOR JOINT OPERATION WITH OTHER ‎RENEWABLE RESOURCES IN POWER MARKET,” COMPUTATIONAL INTELLIGENCE IN ELECTRICAL ENGINEERING (INTELLIGENT SYSTEMS IN ELECTRICAL ENGINEERING), vol. 5, no. 4, pp. 45–62, 2015, [Online]. Available: https://sid.ir/paper/203112/en

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