Optimal Wind Reversible Hydro Offering Strategies for Midterm Planning

@article{Nieta2015OptimalWR,
  title={Optimal Wind Reversible Hydro Offering Strategies for Midterm Planning},
  author={Agustin A. Sanchez de la Nieta and Javier Contreras and Jos{\'e} Ignacio Mu{\~n}oz and Jo{\~a}o P. S. Catal{\~a}o},
  journal={IEEE Transactions on Sustainable Energy},
  year={2015},
  volume={6},
  pages={1356-1366}
}
A coordinated strategy between wind and reversible hydro units for the midterm planning that reduces the imbalance of wind power and improves system efficiency is proposed. A stochastic mixed integer linear model is used, which maximizes the joint profit of wind and hydro units, where conditional value at risk (CVaR) is used for model risk. The offering strategies studied are 1)separate wind and hydro pumping offer, where the units work separately without a physical connection and 2)a single… CONTINUE READING
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