Joint operation of wind farms and pump-storage units in the electricity markets: Modeling, simulation and evaluation

Abstract

Renewable power plants generation scheduling and unit commitment construct new problems of the power systems. In this paper, optimal scheduling of the joint operation (JO) and uncoordinated operation (UO) of wind farms and pump-storage plants in the energy and ancillary service markets are studied. For this purpose, a new method for modeling, simulation and evaluation of these units is presented. Since there are uncertainties in wind power generation (WPG) and the market prices, the scheduling problem is modeled by a stochastic optimization problem. Optimal bidding strategy of units is determined by solving this stochastic optimization problem. For this purpose, uncertainties are modeled by a scenario tree method. In order to evaluate the performance of the results of JO and UO of the plants, the value at risk (VaR) and the profit of the plants are compared. With JO of pump-storage plants and wind units, the profit of these plants in comparison with their UO will be increased. The results for pump-storage and wind farms of IEEE 118-bus standard system, verify that the JO of these units, improves the profit and VaR of the system.