Abstract

Environmental and economic needs drive the increased penetration of intermittent renewable energy in electricity grids, enhancing uncertainty in the prediction of market conditions and network constraints. Thereafter, the importance of energy systems with flexible dispatch is reinforced, ensuring energy storage as an essential asset for these systems to be able to balance production and demand. In order to do so, such systems should participate in wholesale energy markets, enabling competition among all players, including conventional power plants. Consequently, an effective dispatch schedule considering market and resource uncertainties is crucial. In this context, an innovative dispatch optimization strategy for schedule planning of renewable systems with storage is presented. Based on an optimization algorithm combined with a machine-learning approach, the proposed method develops a financial optimal schedule with the incorporation of uncertainty information. Simulations performed with a concentrated solar power plant model following the proposed optimization strategy demonstrate promising financial improvement with a dynamic and intuitive dispatch planning method (up to 4% of improvement in comparison to an approach that does not consider uncertainties), emphasizing the importance of uncertainty treatment on the enhanced quality of renewable systems scheduling.

Highlights

  • The world’s accelerated energy transition is transforming the ways in which electricity is produced, transported and consumed

  • The plant model used for the simulations here follows the description presented in [12], considering the exchange of energy between the power plant components in terms of heat flows: the energy collected from the solar field is stored in the thermal energy storage and transformed into electricity by the power block

  • The results show that by applying the full ALFRED strategy with the forecast product as input, different rates of improvement are obtained depending on the year simulated and the data used for the Uncertainty post-processing (UPP) training

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Summary

Introduction

The world’s accelerated energy transition is transforming the ways in which electricity is produced, transported and consumed. Environmental and economic needs push the adoption of low-carbon technologies, including the increased deployment of variable renewable energy. In spite of the benefits brought by these solutions, the high penetration of intermittent renewable energy in electricity grids increases the uncertainty in the prediction of market conditions and network constraints [1]. The importance of systems able to meet load requirements and compensate for fluctuating resources is enhanced. This brings the role of balancing production and demand for energy systems with flexible dispatch, emphasizing energy storage as a key changer for the future of the power sector

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