2018/06/07 by Akın Taşçıkaraoğlu, Akın Taşcikaraoğlu, Taşcikaraoğlu, Akın +2
Economics, Econometrics and Finance · Engineering · Environmental Science · #Econometrics (econ.EM) #FOS: Economics and business #FOS: Electrical engineering #Microgrid Control and Optimization #Signal Processing (eess.SP) #Smart Grid Energy Management #Water-Energy-Food Nexus Studies #econ.EM #eess.SP #electronic engineering #information engineering
paper · pdf · doi:10.48550/arxiv.1806.05211
in Turkish
arxiv created 2018/06/07 · openalex publication_date 2018/06/07 · arxiv updated 2018/06/15 · openalex created_date 2022/10/01 · openalex updated_date 2026/07/28
In this study, an optimization problem is proposed in order to obtain the maximum economic benefit from wind farms with variable and intermittent energy generation in the day ahead and balancing electricity markets. This method, which is based on the use of pumped-hydro energy storage unit and wind farm together, increases the profit from the power plant by taking advantage of the price changes in the markets and at the same time supports the power system by supplying a portion of the peak load demand in the system to which the plant is connected. With the objective of examining the effectiveness of the proposed method, detailed simulation studies are carried out by making use of actual wind and price data, and the results are compared to those obtained for the various cases in which the storage unit is not available and/or the proposed price-based energy management method is not applied. As a consequence, it is demonstrated that the pumped-hydro energy storage units are the storage systems capable of being used effectively for high-power levels and that the proposed optimization problem is quite successful in the cost-effective implementation of these systems.