Abstract
In this study, an optimal bidding strategy for a wind energy portfolio manager (WEPM) including electricvehicle parking lots (EVPLs) that aims to maximize profits by trading in the day-ahead (DA) market and balancingmarket (BM) and through bilateral contracts, taking into account line capacities and risk management is proposed. Thementioned structure is modeled in mixed integer linear programming (MILP) framework, and the uncertainties regardingelectric vehicle (EV) behavior, electricity market data, wind power generation are captured via a stochastic approach. Todemonstrate the effectiveness of the model, several case studies are carried out considering Sweden and Turkey electricitymarket prices with different risk aversion factors and bilateral contract situations. In this manner, the important resultsas well as useful findings regarding the economic impacts of the proposed concept are analyzed in detail.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: TURKISH JOURNAL OF ELECTRICAL ENGINEERING & COMPUTER SCIENCES
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
