A conservative framework for obtaining uncertain bands of multiple wind farms in electric power networks by proposed IGDT-based approach considering decision-maker's preferences

Exploiting clean energy resources (CERs) is an applicable way to enhance sustainable development and have the cleaner production of electricity. On the other hand, variability and intermittency of these clean resources are the important disadvantages for determining the reliable operation of electrical grids. Thus, using the uncertainty modeling techniques seems necessary to have more practical values for the decision-making variables. The current paper demonstrates a novel architecture based on Information Gap Decision Theory (IGDT) to model the randomness of multiple Wind Farms (WFs) existing in electric power networks. Note that employing only the IGDT technique cannot consider the preferences defined by the decision-maker. In contrast, the proposed method tackles this issue by considering different values for radii of uncertainty related to the uncertain parameters. It has been proven that the presented approach is time-saving if compared with Monte Carlo Simulation (MCS) and the Epsilon-constraint-based-IGDT. Moreover, the execution time of the presented methodology does not considerably depend on the number of WFs for a power system. It means that if the number of WFs increases in a particular case study, consequently, the execution time does not noticeably rise if compared with the MCS and the Epsilon-constraint-based-IGDT. Furthermore, the equivalent Mixed Integer Linear Programming (MILP) of the original model is employed to guarantee the optimum solution. The performances of the presented methodology have been demonstrated by utilizing IEEE 30 BUS and IEEE 62 BUS systems.© 2022 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).fi=vertaisarvioitu|en=peerReviewed

Optimal operation strategies of multi-energy systems integrated with liquid air energy storage using information gap decision theory

In this paper, a framework of multi-energy system (MES) integrating with a liquid air energy storage (LAES) system was proposed. LAES, where liquid air works as an energy storage media, is a powerful and eco-friendly technology for storing renewable energy resources and reducing grid curtailment. Considering the characteristics of LAES (i.e. cold and heat circulation), the incorporation of LAES system into the Combined Cooling, Heating and Power system can achieve integrated use of energy and effectively save energy. Moreover, the prices of electricity will affect the overall cost of the MES. In other words, the decision-makers of the MES need to consider the uncertainty of electricity prices when making power dispatching decisions. To model the uncertainty of electricity prices, the information gap decision theory method was used to study power dispatching strategies of the MES. Three different strategies were proposed, including risk-neutral, risk-averse and risk-taker. In addition, demand response algorithms were used to study load transfer strategies. The results show that the demand responses of the three strategies are effective in terms of load transfer and cost saving. The total operation cost in the risk-neutral strategy with demand response can be 6.82% less than that without demand response; In the risk-taker strategy with demand response, the allowable grid electricity price is reduced by 25.24% when the opportunity cost drops by $8,000, and 23.32% without demand response. With additional robustness cost, the acceptable price change ratio using demand response is 21.91% in the risk-averse strategy, and 20.04% without demand response

Robust integrated production-maintenance scheduling for an evaporation network

Producción CientíficaThis work aims to reduce the global resource consumption in an industrial evaporation network by better tasks management and coordination. The network works in continuous, processing some products in several evaporation plants, so optimal load allocation and product-plant assignment problems appear. The plants have different features (capacity, equipment, etc.) and their performance is affected by fouling inside the heat exchangers and external factors. Hereby, the optimizer has to decide when maintenance operations have to be triggered. Therefore, a mixed production/maintenance scheduling problem arises. The plant behavior is approximated by surrogate linear models obtained experimentally, allowing thus the use of mixed-integer linear optimization routines to obtain solutions in acceptable time. Furthermore, uncertainty in the weather forecast and in the production plan is also considered via a two-stage stochastic programming approach. Finally, a trade-off analysis between other objectives of interest is given to support the decision maker.Spanish Government with project INOPTCON (MINECO/FEDER DPI2015-70975-P)

Planning, operation, and design of market-based virtual power plant considering uncertainty

The power systems of today seem inseparable from clean energy sources such as wind turbines (WTs) and photovoltaics (PVs). However, due to their uncertain nature, operational challenges are expected when WT and PV energy is added to the electricity network. It is necessary to introduce new technologies to compensate for the intermittent nature of renewable energy sources (RESs). Therefore, rationally implementing a demand response (DR) program with energy storage systems (ESSs) in a virtual power plant (VPP) environment is recommended as a way forward to minimize the volatile nature of RESs and improve power system reliability. Our proposed approach aims to maximize social welfare (SW) (i.e., maximization of consumer benefits while minimizing energy costs). Our method assesses the impact of the DR program on SW maximization. Two scenarios are examined, one with and one without a DR program. Stochastic programming theory is used to address the optimization problem. The uncertain behavior of WTs, PVs, and load demand is modeled using a scenario-based approach. The correctness of the proposed approach is demonstrated on a 16-bus UK generic distribution system. Our results show that SW and active power dispatch capacity of WT, PV, and ESS are fairly increased using the proposed approach

Planning, operation, and design of market-based virtual power plant considering uncertainty

The power systems of today seem inseparable from clean energy sources such as wind turbines (WTs) and photovoltaics (PVs). However, due to their uncertain nature, operational challenges are expected when WT and PV energy is added to the electricity network. It is necessary to introduce new technologies to compensate for the intermittent nature of renewable energy sources (RESs). Therefore, rationally implementing a demand response (DR) program with energy storage systems (ESSs) in a virtual power plant (VPP) environment is recommended as a way forward to minimize the volatile nature of RESs and improve power system reliability. Our proposed approach aims to maximize social welfare (SW) (i.e., maximization of consumer benefits while minimizing energy costs). Our method assesses the impact of the DR program on SW maximization. Two scenarios are examined, one with and one without a DR program. Stochastic programming theory is used to address the optimization problem. The uncertain behavior of WTs, PVs, and load demand is modeled using a scenario-based approach. The correctness of the proposed approach is demonstrated on a 16-bus UK generic distribution system. Our results show that SW and active power dispatch capacity of WT, PV, and ESS are fairly increased using the proposed approach. View Full-Tex

A Computational Efficient Pumped Storage Hydro Optimization in the Look-ahead Unit Commitment and Real-time Market Dispatch Under Uncertainty

Pumped storage hydro units (PSHU) are great sources of flexibility in power systems. This is especially valuable in modern systems with increasing shares of intermittent renewable resources. However, the flexibility from PSHUs, particularly in the real-time market, has not been thoroughly studied. The storage optimization in a real-time market hasn't been well addressed. To enhance the use of PSH resources and leverage their flexibility, it is important to incorporate the uncertainties, properly address the risks and avoid increasing too much computational burdens in the real-time market operation. To provide a practical solution to the daily operation of a PSHU in a single day look-ahead commitment (LAC) and real-time market, this paper proposes two pumped storage hydro (PSH) models that only use probabilistic price forecast to incorporate uncertainties and manage risks in the LAC and real-time market operation. The price forecast scenarios are formulated only on PSHUs that minimizes the computational challenges to the Security Constrained Unit Commitment (SCUC) problem. Numerical studies in Mid-continent Independent System Operator (MISO) demonstrate that the proposed models improves market efficiency. Compared to traditional stochastic and robust unit commitment, the proposed methods only moderately increase the solving time from current practice of deterministic LAC. Probabilistic forecast for Real Time Locational Marginal Price (RT-LMP) on PSH locations is created and embedded into the proposed stochastic optimization model, an statistical robust approach is used to generate scenarios for reflecting the temporal inter-dependence of the LMP forecast uncertainties.Comment: 10 pages, 8 figure

Building and investigating generators' bidding strategies in an electricity market

In a deregulated electricity market environment, Generation Companies (GENCOs) compete with each other in the market through spot energy trading, bilateral contracts and other financial instruments. For a GENCO, risk management is among the most important tasks. At the same time, how to maximise its profit in the electricity market is the primary objective of its operations and strategic planning. Therefore, to achieve the best risk-return trade-off, a GENCO needs to determine how to allocate its assets. This problem is also called portfolio optimization. This dissertation presents advanced techniques for generator strategic bidding, portfolio optimization, risk assessment, and a framework for system adequacy optimisation and control in an electricity market environment. Most of the generator bidding related problems can be regarded as complex optimisation problems. In this dissertation, detailed discussions of optimisation methods are given and a number of approaches are proposed based on heuristic global optimisation algorithms for optimisation purposes. The increased level of uncertainty in an electricity market can result in higher risk for market participants, especially GENCOs, and contribute significantly to the drivers for appropriate bidding and risk management tasks for GENCOs in the market. Accordingly, how to build an optimal bidding strategy considering market uncertainty is a fundamental task for GENCOs. A framework of optimal bidding strategy is developed out of this research. To further enhance the effectiveness of the optimal bidding framework; a Support Vector Machine (SVM) based method is developed to handle the incomplete information of other generators in the market, and therefore form a reliable basis for a particular GENCO to build an optimal bidding strategy. A portfolio optimisation model is proposed to maximise the return and minimise the risk of a GENCO by optimally allocating the GENCO's assets among different markets, namely spot market and financial market. A new market pnce forecasting framework is given In this dissertation as an indispensable part of the overall research topic. It further enhances the bidding and portfolio selection methods by providing more reliable market price information and therefore concludes a rather comprehensive package for GENCO risk management in a market environment. A detailed risk assessment method is presented to further the price modelling work and cover the associated risk management practices in an electricity market. In addition to the issues stemmed from the individual GENCO, issues from an electricity market should also be considered in order to draw a whole picture of a GENCO's risk management. In summary, the contributions of this thesis include: 1) a framework of GENCO strategic bidding considering market uncertainty and incomplete information from rivals; 2) a portfolio optimisation model achieving best risk-return trade-off; 3) a FIA based MCP forecasting method; and 4) a risk assessment method and portfolio evaluation framework quantifying market risk exposure; through out the research, real market data and structure from the Australian NEM are used to validate the methods. This research has led to a number of publications in book chapters, journals and refereed conference proceedings