IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v81y2015icp588-600.html
   My bibliography  Save this article

Self-scheduling of a wind producer based on Information Gap Decision Theory

Author

Listed:
  • Moradi-Dalvand, M.
  • Mohammadi-Ivatloo, B.
  • Amjady, N.
  • Zareipour, H.
  • Mazhab-Jafari, A.

Abstract

In a competitive market where all producers must participate in the market, WPPs (wind power producers) face two sources of uncertainty: (i) future market prices, and (ii) their production capability in coming hours. In this paper a risk-constrained optimal self-scheduling method for a WPP considering the uncertainty associated with market prices and wind generation is proposed. IGDT (Information Gap Decision Theory) is used to address theses uncertainties in WPP's self-scheduling. The proposed IGDT-based model is a bilevel programming approach, which is transformed to an equivalent single level bilinear programming model that can be solved using available solvers. Numerical simulations and discussions are provided.

Suggested Citation

  • Moradi-Dalvand, M. & Mohammadi-Ivatloo, B. & Amjady, N. & Zareipour, H. & Mazhab-Jafari, A., 2015. "Self-scheduling of a wind producer based on Information Gap Decision Theory," Energy, Elsevier, vol. 81(C), pages 588-600.
    • Handle: RePEc:eee:energy:v:81:y:2015:i:c:p:588-600
    DOI: 10.1016/j.energy.2015.01.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544215000092
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2015.01.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Klessmann, Corinna & Nabe, Christian & Burges, Karsten, 2008. "Pros and cons of exposing renewables to electricity market risks--A comparison of the market integration approaches in Germany, Spain, and the UK," Energy Policy, Elsevier, vol. 36(10), pages 3646-3661, October.
    2. Hiroux, C. & Saguan, M., 2010. "Large-scale wind power in European electricity markets: Time for revisiting support schemes and market designs?," Energy Policy, Elsevier, vol. 38(7), pages 3135-3145, July.
    3. Sioshansi, Ramteen & Hurlbut, David, 2010. "Market protocols in ERCOT and their effect on wind generation," Energy Policy, Elsevier, vol. 38(7), pages 3192-3197, July.
    4. Azizipanah-Abarghooee, Rasoul & Niknam, Taher & Roosta, Alireza & Malekpour, Ahmad Reza & Zare, Mohsen, 2012. "Probabilistic multiobjective wind-thermal economic emission dispatch based on point estimated method," Energy, Elsevier, vol. 37(1), pages 322-335.
    5. Aghaei, J. & Shayanfar, H.A. & Amjady, N., 2009. "Joint market clearing in a stochastic framework considering power system security," Applied Energy, Elsevier, vol. 86(9), pages 1675-1682, September.
    6. MacGill, Iain, 2010. "Electricity market design for facilitating the integration of wind energy: Experience and prospects with the Australian National Electricity Market," Energy Policy, Elsevier, vol. 38(7), pages 3180-3191, July.
    7. Rivier Abbad, Juan, 2010. "Electricity market participation of wind farms: the success story of the Spanish pragmatism," Energy Policy, Elsevier, vol. 38(7), pages 3174-3179, July.
    8. Ji, Bin & Yuan, Xiaohui & Chen, Zhihuan & Tian, Hao, 2014. "Improved gravitational search algorithm for unit commitment considering uncertainty of wind power," Energy, Elsevier, vol. 67(C), pages 52-62.
    9. Antonio J. Conejo & Miguel Carrión & Juan M. Morales, 2010. "Decision Making Under Uncertainty in Electricity Markets," International Series in Operations Research and Management Science, Springer, number 978-1-4419-7421-1, December.
    10. Abbaspour, M. & Satkin, M. & Mohammadi-Ivatloo, B. & Hoseinzadeh Lotfi, F. & Noorollahi, Y., 2013. "Optimal operation scheduling of wind power integrated with compressed air energy storage (CAES)," Renewable Energy, Elsevier, vol. 51(C), pages 53-59.
    11. Soroudi, Alireza & Amraee, Turaj, 2013. "Decision making under uncertainty in energy systems: State of the art," Renewable and Sustainable Energy Reviews, Elsevier, vol. 28(C), pages 376-384.
    12. Falsafi, Hananeh & Zakariazadeh, Alireza & Jadid, Shahram, 2014. "The role of demand response in single and multi-objective wind-thermal generation scheduling: A stochastic programming," Energy, Elsevier, vol. 64(C), pages 853-867.
    13. Pousinho, H.M.I. & Mendes, V.M.F. & Catalão, J.P.S., 2011. "A risk-averse optimization model for trading wind energy in a market environment under uncertainty," Energy, Elsevier, vol. 36(8), pages 4935-4942.
    14. Bahmani-Firouzi, Bahman & Farjah, Ebrahim & Azizipanah-Abarghooee, Rasoul, 2013. "An efficient scenario-based and fuzzy self-adaptive learning particle swarm optimization approach for dynamic economic emission dispatch considering load and wind power uncertainties," Energy, Elsevier, vol. 50(C), pages 232-244.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Majidi, M. & Mohammadi-Ivatloo, B. & Soroudi, A., 2019. "Application of information gap decision theory in practical energy problems: A comprehensive review," Applied Energy, Elsevier, vol. 249(C), pages 157-165.
    2. Najafi, Arsalan & Pourakbari-Kasmaei, Mahdi & Jasinski, Michal & Lehtonen, Matti & Leonowicz, Zbigniew, 2022. "A medium-term hybrid IGDT-Robust optimization model for optimal self scheduling of multi-carrier energy systems," Energy, Elsevier, vol. 238(PA).
    3. Shargh, S. & Khorshid ghazani, B. & Mohammadi-ivatloo, B. & Seyedi, H. & Abapour, M., 2016. "Probabilistic multi-objective optimal power flow considering correlated wind power and load uncertainties," Renewable Energy, Elsevier, vol. 94(C), pages 10-21.
    4. Effenberger, Frank & Hilbert, Andreas, 2016. "Towards an energy information system architecture description for industrial manufacturers: Decomposition & allocation view," Energy, Elsevier, vol. 112(C), pages 599-605.
    5. Jin, Hongyang & Li, Zhengshuo & Sun, Hongbin & Guo, Qinglai & Chen, Runze & Wang, Bin, 2017. "A robust aggregate model and the two-stage solution method to incorporate energy intensive enterprises in power system unit commitment," Applied Energy, Elsevier, vol. 206(C), pages 1364-1378.
    6. Rabiee, Abbas & Nikkhah, Saman & Soroudi, Alireza, 2018. "Information gap decision theory to deal with long-term wind energy planning considering voltage stability," Energy, Elsevier, vol. 147(C), pages 451-463.
    7. Arsalan Najafi & Mousa Marzband & Behnam Mohamadi-Ivatloo & Javier Contreras & Mahdi Pourakbari-Kasmaei & Matti Lehtonen & Radu Godina, 2019. "Uncertainty-Based Models for Optimal Management of Energy Hubs Considering Demand Response," Energies, MDPI, vol. 12(8), pages 1-20, April.
    8. Nikoobakht, Ahmad & Aghaei, Jamshid & Mardaneh, Mohammad, 2016. "Managing the risk of uncertain wind power generation in flexible power systems using information gap decision theory," Energy, Elsevier, vol. 114(C), pages 846-861.
    9. Jordehi, A. Rezaee, 2018. "How to deal with uncertainties in electric power systems? A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 96(C), pages 145-155.
    10. Gazijahani, Farhad Samadi & Salehi, Javad, 2018. "Reliability constrained two-stage optimization of multiple renewable-based microgrids incorporating critical energy peak pricing demand response program using robust optimization approach," Energy, Elsevier, vol. 161(C), pages 999-1015.
    11. Soroudi, Alireza & Rabiee, Abbas & Keane, Andrew, 2017. "Distribution networks' energy losses versus hosting capacity of wind power in the presence of demand flexibility," Renewable Energy, Elsevier, vol. 102(PB), pages 316-325.
    12. Ghasem Ansari & Reza Keypour, 2023. "Optimizing the Performance of Commercial Demand Response Aggregator Using the Risk-Averse Function of Information-Gap Decision Theory," Sustainability, MDPI, vol. 15(7), pages 1-31, April.
    13. Khaloie, Hooman & Abdollahi, Amir & Shafie-khah, Miadreza & Anvari-Moghaddam, Amjad & Nojavan, Sayyad & Siano, Pierluigi & Catalão, João P.S., 2020. "Coordinated wind-thermal-energy storage offering strategy in energy and spinning reserve markets using a multi-stage model," Applied Energy, Elsevier, vol. 259(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fitiwi, Desta Z. & de Cuadra, F. & Olmos, L. & Rivier, M., 2015. "A new approach of clustering operational states for power network expansion planning problems dealing with RES (renewable energy source) generation operational variability and uncertainty," Energy, Elsevier, vol. 90(P2), pages 1360-1376.
    2. Jean-Michel Glachant & Arthur Henriot, 2013. "Melting-pots and salad bowls: the current debate on electricity market design for RES integration," Working Papers EPRG 1329, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    3. Dubey, Hari Mohan & Pandit, Manjaree & Panigrahi, B.K., 2015. "Hybrid flower pollination algorithm with time-varying fuzzy selection mechanism for wind integrated multi-objective dynamic economic dispatch," Renewable Energy, Elsevier, vol. 83(C), pages 188-202.
    4. Chaves-Ávila, J.P. & Hakvoort, R.A. & Ramos, A., 2014. "The impact of European balancing rules on wind power economics and on short-term bidding strategies," Energy Policy, Elsevier, vol. 68(C), pages 383-393.
    5. Zhao, Xiaoli & Wang, Feng & Wang, Mei, 2012. "Large-scale utilization of wind power in China: Obstacles of conflict between market and planning," Energy Policy, Elsevier, vol. 48(C), pages 222-232.
    6. Bueno-Lorenzo, Miriam & Moreno, M. Ángeles & Usaola, Julio, 2013. "Analysis of the imbalance price scheme in the Spanish electricity market: A wind power test case," Energy Policy, Elsevier, vol. 62(C), pages 1010-1019.
    7. Moradi, Jalal & Shahinzadeh, Hossein & Khandan, Amirsalar & Moazzami, Majid, 2017. "A profitability investigation into the collaborative operation of wind and underwater compressed air energy storage units in the spot market," Energy, Elsevier, vol. 141(C), pages 1779-1794.
    8. Chen, Fang & Zhou, Jianzhong & Wang, Chao & Li, Chunlong & Lu, Peng, 2017. "A modified gravitational search algorithm based on a non-dominated sorting genetic approach for hydro-thermal-wind economic emission dispatching," Energy, Elsevier, vol. 121(C), pages 276-291.
    9. Vithayasrichareon, Peerapat & MacGill, Iain F., 2013. "Assessing the value of wind generation in future carbon constrained electricity industries," Energy Policy, Elsevier, vol. 53(C), pages 400-412.
    10. Pandžić, Hrvoje & Kuzle, Igor & Capuder, Tomislav, 2013. "Virtual power plant mid-term dispatch optimization," Applied Energy, Elsevier, vol. 101(C), pages 134-141.
    11. Shahmohammadi, Ali & Sioshansi, Ramteen & Conejo, Antonio J. & Afsharnia, Saeed, 2018. "Market equilibria and interactions between strategic generation, wind, and storage," Applied Energy, Elsevier, vol. 220(C), pages 876-892.
    12. Woo, C.K. & Zarnikau, J. & Moore, J. & Horowitz, I., 2011. "Wind generation and zonal-market price divergence: Evidence from Texas," Energy Policy, Elsevier, vol. 39(7), pages 3928-3938, July.
    13. Schulze, Tim & McKinnon, Ken, 2016. "The value of stochastic programming in day-ahead and intra-day generation unit commitment," Energy, Elsevier, vol. 101(C), pages 592-605.
    14. Vijayanarasimha Hindupur Pakka & Richard Mark Rylatt, 2016. "Design and Analysis of Electrical Distribution Networks and Balancing Markets in the UK: A New Framework with Applications," Energies, MDPI, vol. 9(2), pages 1-20, February.
    15. Ussama Assad & Muhammad Arshad Shehzad Hassan & Umar Farooq & Asif Kabir & Muhammad Zeeshan Khan & S. Sabahat H. Bukhari & Zain ul Abidin Jaffri & Judit Oláh & József Popp, 2022. "Smart Grid, Demand Response and Optimization: A Critical Review of Computational Methods," Energies, MDPI, vol. 15(6), pages 1-36, March.
    16. Ketterer, Janina C., 2014. "The impact of wind power generation on the electricity price in Germany," Energy Economics, Elsevier, vol. 44(C), pages 270-280.
    17. Hossein Shayeghi & Elnaz Shahryari & Mohammad Moradzadeh & Pierluigi Siano, 2019. "A Survey on Microgrid Energy Management Considering Flexible Energy Sources," Energies, MDPI, vol. 12(11), pages 1-26, June.
    18. Akbari, Ebrahim & Hooshmand, Rahmat-Allah & Gholipour, Mehdi & Parastegari, Moein, 2019. "Stochastic programming-based optimal bidding of compressed air energy storage with wind and thermal generation units in energy and reserve markets," Energy, Elsevier, vol. 171(C), pages 535-546.
    19. Wu, Zhaoyuan & Zhou, Ming & Li, Gengyin & Zhao, Tong & Zhang, Yan & Liu, Xiaojuan, 2020. "Interaction between balancing market design and market behaviour of wind power producers in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 132(C).
    20. Henriot, Arthur & Glachant, Jean-Michel, 2013. "Melting-pots and salad bowls: The current debate on electricity market design for integration of intermittent RES," Utilities Policy, Elsevier, vol. 27(C), pages 57-64.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:81:y:2015:i:c:p:588-600. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.