Hybrid Power Plant Bidding in Models of Future Electricity Systems
| Date Published |
07/2023
|
|---|---|
| Publication Type | Conference Proceedings
|
| Authors | |
|---|---|
| DOI |
https://doi.org/10.1109/PESGM52003.2023.10252335
|
| Abstract |
This paper proposes a stochastic model for hybrid power plants participation in day-ahead electricity markets, considering uncertainty in market prices and renewable generation. Additionally, it presents a methodology to incorporate this hybrid participation into existing production cost models (PCM), allowing the analysis and market design of future systems with high penetration of hybrids. These developments are illustrated using a wind-battery hybrid located in New York Independent System Operator (NYISO) footprint. |
| Notes | |
| Conference Name |
2023 IEEE Power & Energy Society General Meeting (PESGM)
|
| Year of Conference |
2023
|
| Publisher |
IEEE
|
| Conference Location |
Orlando, FL, USA
|
| URL | |
| Organizations | |
| Research Areas | |
| File(s) | |
| Download citation |