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On optimal participation in the electricity markets of wind power plants with battery energy storage systems

Author
Heredia, F.-Javier; Cuadrado, M.; Corchero, C.
Type of activity
Journal article
Journal
Computers & operations research
Date of publication
2018-01-01
Volume
96
First page
316
Last page
329
DOI
https://doi.org/10.1016/j.cor.2018.03.004 Open in new window
Repository
http://hdl.handle.net/2117/118479 Open in new window
URL
https://www.sciencedirect.com/science/article/pii/S030505481830073X Open in new window
Abstract
The recent cost reduction and technological advances in medium- to large-scale battery energy storage systems (BESS) makes these devices a true alternative for wind producers operating in electricity markets. Associating a wind power farm with a BESS (the so-called virtual power plant (VPP)) provides utilities with a tool that converts uncertain wind power production into a dispatchable technology that can operate not only in spot and adjustment markets (day-ahead and intraday markets) but also ...
Citation
Heredia, F., Cuadrado, M., Corchero, C. On optimal participation in the electricity markets of wind power plants with battery energy storage systems. "Computers & operations research", 1 Gener 2018, vol. 96, p. 316-329.
Keywords
Ancillary services market, Battery energy storage systems, Electricity markets, Stochastic programming, Virtual power plants, Wind power generation
Group of research
GNOM - Mathematical Optimization Group

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