Optimal Contracts for Wind Power Producers in Electricity Markets

被引:16
作者
Bitar, E. [1 ]
Giani, A. [4 ]
Rajagopal, R. [4 ]
Varagnolo, D. [2 ]
Khargonekar, P. [3 ]
Poolla, K. [4 ]
Varaiya, P. [4 ]
机构
[1] Univ Calif Berkeley, Dept Mech Engn, Berkeley, CA 94720 USA
[2] Univ Podova, Dept Informat Engn, Podova, Italy
[3] Univ Florida, Dept Elect & Comp Engn, Gainesville, FL USA
[4] Univ Calif Berkeley, Dept Elect Engn & Comp Sci, Berkeley, CA USA
来源
49TH IEEE CONFERENCE ON DECISION AND CONTROL (CDC) | 2010年
关键词
Renewable Energy; Smart Grid; Energy Storage; Electricity Markets; ENERGY-STORAGE; GENERATION;
D O I
10.1109/CDC.2010.5717453
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
This paper is focused on optimal contracts for an independent wind power producer in conventional electricity markets. Starting with a simple model of the uncertainty in the production of power from a wind turbine farm and a model for the electric energy market, we derive analytical expressions for optimal contract size and corresponding expected optimal profit. We also address problems involving overproduction penalties, cost of reserves, and utility of additional sensor information. We obtain analytical expressions for marginal profits from investing in local generation and energy storage.
引用
收藏
页码:1919 / 1926
页数:8
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