A Novel Market Simulation Methodology on Hydro Storage

被引:19
作者
Gu, Yang [1 ]
Bakke, Jordan [2 ]
Zhou, Zheng [2 ]
Osborn, Dale [2 ]
Guo, Tao [3 ]
Bo, Rui [2 ]
机构
[1] NRG Energy, Princeton, NJ 08540 USA
[2] Midcontinent Independent Syst Operator Inc, St Paul, MN 55108 USA
[3] Energy Exemplar LLC, Roseville, CA 95661 USA
关键词
Ancillary services market; co-optimization; energy market; energy storage; hydro; wind; ENERGY-STORAGE; POWER-PLANTS; WIND POWER; OPERATION; SYSTEMS;
D O I
10.1109/TSG.2013.2289915
中图分类号
TM [电工技术]; TN [电子技术、通信技术];
学科分类号
080906 [电磁信息功能材料与结构]; 082806 [农业信息与电气工程];
摘要
This paper presents a novel methodology to simulate the economic performance of hydro storage systems in the day-ahead (DA) and real-time (RT) markets. A detailed hydro storage system model is proposed to capture the unique characteristics of hydro storage units. A unique RT market bidding method named Tiered Bidding is proposed to represent the RT market offers of hydro storage units. In order to accurately represent the way hydro storage systems participate in the RT market, four hydro system RT bidding strategies are proposed and evaluated. The proposed methodology is applied to the Eastern Interconnection system to evaluate the economic benefits of Manitoba Hydro's market participation in MISO's RT energy and ancillary services market.
引用
收藏
页码:1119 / 1128
页数:10
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