Matches in SemOpenAlex for { <https://semopenalex.org/work/W389944303> ?p ?o ?g. }
- W389944303 abstract "Several countries, such as Portugal and Spain, have a significant installed capacity of large-scale reversible hydro power plants with reservoir (pump-hydro storage – PHS) in its portfolio. For instance, in Portugal, installed PHS capacity is 983 MW, corresponding to 22% of the wind and solar power capacity and 5.1% of the total generation capacity. The PHS flexibility can be combined with wind farms in order to smooth wind power variations and hedge risk associated to generation uncertainty. In this dissertation, a new stochastic optimization model for optimizing the coordination between a wind farm and a PHS unit, which participates in the day-ahead electrical energy market, is described. The proposed optimization problem has the following innovative characteristics compared to the state of the art: (a) the wind power uncertainty is modelled through a set of scenarios that capture the temporal dependency of forecast errors (i.e., decision variables that satisfy all constraints in all scenarios are determined); (b) different attitudes of the decision-maker towards risk are modelled with utility theory concepts (i.e., expected utility maximization, in contrast to the expected value paradigm). The objective function includes costs associated to imbalances, spilled wind power, as well as profit from price arbitrage. After the day-ahead optimization, and during the operating day, it is necessary to operate the wind-PHS system in order to minimize the deviation between accepted bids and actual energy delivered. This is accomplished by designing a constrained optimization problem that, based on updated wind power forecasts, minimizes the absolute deviation between bids and actual generation values. This second problem is a novelty in the state of the art and enables an effective calculation of the total profit associated to the market participation. The results, for real wind power generation data and PHS unit, show that the stochastic model achieves a marginally higher total profit compared to a deterministic model (i.e., uses wind power point forecasts as input). The impact of different decision-makers risk profiles is also evaluated." @default.
- W389944303 created "2016-06-24" @default.
- W389944303 creator A5048979552 @default.
- W389944303 creator A5071086175 @default.
- W389944303 date "2014-07-18" @default.
- W389944303 modified "2023-09-25" @default.
- W389944303 title "Optimization Strategies for Pump-Hydro Storage and Wind Farm Coordination Including Wind Power Uncertainty" @default.
- W389944303 cites W1501916037 @default.
- W389944303 cites W1831388453 @default.
- W389944303 cites W1929711720 @default.
- W389944303 cites W1964863417 @default.
- W389944303 cites W1971536112 @default.
- W389944303 cites W1986808060 @default.
- W389944303 cites W2017108743 @default.
- W389944303 cites W2036472897 @default.
- W389944303 cites W2041684917 @default.
- W389944303 cites W2048198132 @default.
- W389944303 cites W2069551038 @default.
- W389944303 cites W2074527876 @default.
- W389944303 cites W2077537893 @default.
- W389944303 cites W2088907340 @default.
- W389944303 cites W2105028618 @default.
- W389944303 cites W2113810680 @default.
- W389944303 cites W2116449881 @default.
- W389944303 cites W2118788550 @default.
- W389944303 cites W2119879187 @default.
- W389944303 cites W2125561531 @default.
- W389944303 cites W2141767566 @default.
- W389944303 cites W2143457299 @default.
- W389944303 cites W2145486683 @default.
- W389944303 cites W2146326759 @default.
- W389944303 cites W2158981097 @default.
- W389944303 cites W2162644541 @default.
- W389944303 cites W2169082579 @default.
- W389944303 cites W2173148659 @default.
- W389944303 cites W2296319761 @default.
- W389944303 cites W2472853305 @default.
- W389944303 cites W2740110228 @default.
- W389944303 cites W3175528684 @default.
- W389944303 cites W32707179 @default.
- W389944303 hasPublicationYear "2014" @default.
- W389944303 type Work @default.
- W389944303 sameAs 389944303 @default.
- W389944303 citedByCount "2" @default.
- W389944303 countsByYear W3899443032015 @default.
- W389944303 countsByYear W3899443032020 @default.
- W389944303 crossrefType "dissertation" @default.
- W389944303 hasAuthorship W389944303A5048979552 @default.
- W389944303 hasAuthorship W389944303A5071086175 @default.
- W389944303 hasConcept C10138342 @default.
- W389944303 hasConcept C119599485 @default.
- W389944303 hasConcept C121332964 @default.
- W389944303 hasConcept C126255220 @default.
- W389944303 hasConcept C127413603 @default.
- W389944303 hasConcept C137631369 @default.
- W389944303 hasConcept C137836250 @default.
- W389944303 hasConcept C162324750 @default.
- W389944303 hasConcept C163258240 @default.
- W389944303 hasConcept C187736073 @default.
- W389944303 hasConcept C188573790 @default.
- W389944303 hasConcept C194387892 @default.
- W389944303 hasConcept C2776330181 @default.
- W389944303 hasConcept C2776469763 @default.
- W389944303 hasConcept C2780598303 @default.
- W389944303 hasConcept C2780821815 @default.
- W389944303 hasConcept C33923547 @default.
- W389944303 hasConcept C42475967 @default.
- W389944303 hasConcept C62520636 @default.
- W389944303 hasConcept C78600449 @default.
- W389944303 hasConcept C89227174 @default.
- W389944303 hasConceptScore W389944303C10138342 @default.
- W389944303 hasConceptScore W389944303C119599485 @default.
- W389944303 hasConceptScore W389944303C121332964 @default.
- W389944303 hasConceptScore W389944303C126255220 @default.
- W389944303 hasConceptScore W389944303C127413603 @default.
- W389944303 hasConceptScore W389944303C137631369 @default.
- W389944303 hasConceptScore W389944303C137836250 @default.
- W389944303 hasConceptScore W389944303C162324750 @default.
- W389944303 hasConceptScore W389944303C163258240 @default.
- W389944303 hasConceptScore W389944303C187736073 @default.
- W389944303 hasConceptScore W389944303C188573790 @default.
- W389944303 hasConceptScore W389944303C194387892 @default.
- W389944303 hasConceptScore W389944303C2776330181 @default.
- W389944303 hasConceptScore W389944303C2776469763 @default.
- W389944303 hasConceptScore W389944303C2780598303 @default.
- W389944303 hasConceptScore W389944303C2780821815 @default.
- W389944303 hasConceptScore W389944303C33923547 @default.
- W389944303 hasConceptScore W389944303C42475967 @default.
- W389944303 hasConceptScore W389944303C62520636 @default.
- W389944303 hasConceptScore W389944303C78600449 @default.
- W389944303 hasConceptScore W389944303C89227174 @default.
- W389944303 hasLocation W3899443031 @default.
- W389944303 hasOpenAccess W389944303 @default.
- W389944303 hasPrimaryLocation W3899443031 @default.
- W389944303 hasRelatedWork W1928052598 @default.
- W389944303 hasRelatedWork W2325300519 @default.
- W389944303 hasRelatedWork W2336343413 @default.
- W389944303 hasRelatedWork W2336751151 @default.
- W389944303 hasRelatedWork W2355890712 @default.
- W389944303 hasRelatedWork W2557922509 @default.