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Impact of the future water value on wind-reversible hydro offering strategies in electricity markets

dc.contributor.authorSánchez de la Nieta, Agustín
dc.contributor.authorContreras, Javier
dc.contributor.authorCatalão, JPS
dc.date.accessioned2024-02-07T09:09:17Z
dc.date.available2024-02-07T09:09:17Z
dc.date.issued2015-08-11
dc.identifier.citationA.A. Sánchez de la Nieta, J. Contreras, J.P.S. Catalão (2015) Impact of the future water value on wind-reversible hydro offering strategies in electricity markets, Energy Conversion and Management, 105 pp. 313-327 https://doi.org/10.1016/j.enconman.2015.07.067.es
dc.identifier.issn0196-8904
dc.identifier.urihttps://hdl.handle.net/20.500.12412/5069
dc.description.abstractA coordinated offering strategy between a wind farm and a reversible hydro plant can reduce wind power imbalances, improving the system efficiency whilst decreasing the total imbalances. A stochastic mixed integer linear model is proposed to maximize the profit and the future water value FWV of the system using Conditional Value at Risk (CVaR) for risk-hedging. The offer strategies analyzed are: (i) single wind-reversible hydro offer with a physical connection between wind and hydro units to store spare wind energy, and (ii) separate wind and reversible hydro offers without a physical connection between them. The effect of considering the FWV of the reservoirs is studied for several time horizons: one week (168 h) and one month (720 h) using an illustrative case study. Conclusions are duly drawn from the case study to show the impact of FWV in the results.es
dc.description.abstractEs la versión aceptada del artículo. Se puede consultar la versión final en https://doi.org/10.1016/j.enconman.2015.07.067es
dc.language.isoenges
dc.titleImpact of the future water value on wind-reversible hydro offering strategies in electricity marketses
dc.typearticlees
dc.identifier.doi10.1016/j.enconman.2015.07.067
dc.journal.titleEnergy Conversion and Managementes
dc.page.initial313es
dc.page.final327es
dc.rights.accessRightsopenAccesses
dc.subject.keywordFuture water valuees
dc.subject.keywordOffering strategyes
dc.subject.keywordReversible hydro plantes
dc.subject.keywordRisk-hedginges
dc.subject.keywordSeparate strategyes
dc.subject.keywordSingle strategyes
dc.volume.number105es


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