2018/06/07 by Akın Taşçıkaraoğlu, Taşcikaraoğlu, Akın, Ozan Erdinç +1
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 #electronic engineering #information engineering
paper · pdf · doi:10.48550/arxiv.1806.05211
openalex publication_date 2018/06/07 · 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\nmaximum economic benefit from wind farms with variable and intermittent energy\ngeneration in the day ahead and balancing electricity markets. This method,\nwhich is based on the use of pumped-hydro energy storage unit and wind farm\ntogether, increases the profit from the power plant by taking advantage of the\nprice changes in the markets and at the same time supports the power system by\nsupplying a portion of the peak load demand in the system to which the plant is\nconnected. With the objective of examining the effectiveness of the proposed\nmethod, detailed simulation studies are carried out by making use of actual\nwind and price data, and the results are compared to those obtained for the\nvarious cases in which the storage unit is not available and/or the proposed\nprice-based energy management method is not applied. As a consequence, it is\ndemonstrated that the pumped-hydro energy storage units are the storage systems\ncapable of being used effectively for high-power levels and that the proposed\noptimization problem is quite successful in the cost-effective implementation\nof these systems.\n