scholarly journals A stochastic optimization approach to optimal bidding on dutch ancillary services markets

Author(s):  
Laura Puglia ◽  
Alberto Bemporad ◽  
Andrej Jokic ◽  
Ana Virag
2020 ◽  
Author(s):  
Ahmed Abdelmoaty ◽  
Wessam Mesbah ◽  
Mohammad A. M. Abdel-Aal ◽  
Ali T. Alawami

In the recent electricity market framework, the profit of the generation companies depends on the decision of the operator on the schedule of its units, the energy price, and the optimal bidding strategies. Due to the expanded integration of uncertain renewable generators which is highly intermittent such as wind plants, the coordination with other facilities to mitigate the risks of imbalances is mandatory. Accordingly, coordination of wind generators with the evolutionary Electric Vehicles (EVs) is expected to boost the performance of the grid. In this paper, we propose a robust optimization approach for the coordination between the wind-thermal generators and the EVs in a virtual<br>power plant (VPP) environment. The objective of maximizing the profit of the VPP Operator (VPPO) is studied. The optimal bidding strategy of the VPPO in the day-ahead market under uncertainties of wind power, energy<br>prices, imbalance prices, and demand is obtained for the worst case scenario. A case study is conducted to assess the e?effectiveness of the proposed model in terms of the VPPO's profit. A comparison between the proposed model and the scenario-based optimization was introduced. Our results confirmed that, although the conservative behavior of the worst-case robust optimization model, it helps the decision maker from the fluctuations of the uncertain parameters involved in the production and bidding processes. In addition, robust optimization is a more tractable problem and does not suffer from<br>the high computation burden associated with scenario-based stochastic programming. This makes it more practical for real-life scenarios.<br>


2017 ◽  
Vol 56 (7) ◽  
pp. 1823-1833 ◽  
Author(s):  
Juan José Quiroz-Ramírez ◽  
Eduardo Sánchez-Ramírez ◽  
Salvador Hernández ◽  
Jorge Humberto Ramírez-Prado ◽  
Juan Gabriel Segovia-Hernández

Networks ◽  
2017 ◽  
Vol 69 (2) ◽  
pp. 189-204 ◽  
Author(s):  
Maciej Rysz ◽  
Pavlo A. Krokhmal ◽  
Eduardo L. Pasiliao

2021 ◽  
Vol 113 ◽  
pp. 104855
Author(s):  
Yanyan Yin ◽  
Lingshuang Kong ◽  
Chunhua Yang ◽  
Weihua Gui ◽  
Fei Liu ◽  
...  

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Anton Ochoa Bique ◽  
Leonardo K. K. Maia ◽  
Ignacio E. Grossmann ◽  
Edwin Zondervan

Abstract A strategy for the design of a hydrogen supply chain (HSC) network in Germany incorporating the uncertainty in the hydrogen demand is proposed. Based on univariate sensitivity analysis, uncertainty in hydrogen demand has a very strong impact on the overall system costs. Therefore we consider a scenario tree for a stochastic mixed integer linear programming model that incorporates the uncertainty in the hydrogen demand. The model consists of two configurations, which are analyzed and compared to each other according to production types: water electrolysis versus steam methane reforming. Each configuration has a cost minimization target. The concept of value of stochastic solution (VSS) is used to evaluate the stochastic optimization results and compare them to their deterministic counterpart. The VSS of each configuration shows significant benefits of a stochastic optimization approach for the model presented in this study, corresponding up to 26% of infrastructure investments savings.


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