IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v10y2017i5p625-d97551.html
   My bibliography  Save this article

Optimal Allocation of Energy Storage System Considering Multi-Correlated Wind Farms

Author

Listed:
  • Shuli Wen

    (College of Automation, Harbin Engineering University, Harbin 150001, China)

  • Hai Lan

    (College of Automation, Harbin Engineering University, Harbin 150001, China)

  • Qiang Fu

    (Department of Electrical Engineering and Computer Science, University of Wisconsin-Milwaukee, Milwaukee, WI 53211, USA)

  • David C. Yu

    (Department of Electrical Engineering and Computer Science, University of Wisconsin-Milwaukee, Milwaukee, WI 53211, USA)

  • Ying-Yi Hong

    (Department of Electrical Engineering, Chung Yuan Christian University, Chung Li District, Taoyuan City 32023, Taiwan)

  • Peng Cheng

    (College of Automation, Harbin Engineering University, Harbin 150001, China)

Abstract

With the increasing penetration of wind power, not only the uncertainties but also the correlation among the wind farms should be considered in the power system analysis. In this paper, Clayton-Copula method is developed to model the multiple correlated wind distribution and a new point estimation method (PEM) is proposed to discretize the multi-correlated wind distribution. Furthermore, combining the proposed modeling and discretizing method with Hybrid Multi-Objective Particle Swarm Optimization (HMOPSO), a comprehensive algorithm is explored to minimize the power system cost and the emissions by searching the best placements and sizes of energy storage system (ESS) considering wind power uncertainties in multi-correlated wind farms. In addition, the variations of load are also taken into account. The IEEE 57-bus system is adopted to perform case studies using the proposed approach. The results clearly demonstrate the effectiveness of the proposed algorithm in determining the optimal storage allocations considering multi-correlated wind farms.

Suggested Citation

  • Shuli Wen & Hai Lan & Qiang Fu & David C. Yu & Ying-Yi Hong & Peng Cheng, 2017. "Optimal Allocation of Energy Storage System Considering Multi-Correlated Wind Farms," Energies, MDPI, vol. 10(5), pages 1-16, May.
  • Handle: RePEc:gam:jeners:v:10:y:2017:i:5:p:625-:d:97551
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/10/5/625/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/1996-1073/10/5/625/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Segers, Johan, 2015. "Hybrid copula estimators," LIDAM Reprints ISBA 2015005, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    2. Jae-Kun Lyu & Jae-Haeng Heo & Jong-Keun Park & Yong-Cheol Kang, 2013. "Probabilistic Approach to Optimizing Active and Reactive Power Flow in Wind Farms Considering Wake Effects," Energies, MDPI, vol. 6(11), pages 1-21, October.
    3. Arjmand, Reza & Rahimiyan, Morteza, 2016. "Statistical analysis of a competitive day-ahead market coupled with correlated wind production and electric load," Applied Energy, Elsevier, vol. 161(C), pages 153-167.
    4. Moghaddam, Amjad Anvari & Seifi, Alireza & Niknam, Taher, 2012. "Multi-operation management of a typical micro-grids using Particle Swarm Optimization: A comparative study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(2), pages 1268-1281.
    5. Koirala, Krishna H. & Mishra, Ashok K. & D'Antoni, Jeremy M. & Mehlhorn, Joey E., 2015. "Energy prices and agricultural commodity prices: Testing correlation using copulas method," Energy, Elsevier, vol. 81(C), pages 430-436.
    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. Ahmed Alzahrani & Hussain Alharthi & Muhammad Khalid, 2019. "Minimization of Power Losses through Optimal Battery Placement in a Distributed Network with High Penetration of Photovoltaics," Energies, MDPI, vol. 13(1), pages 1-16, December.

    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. Yip, Pick Schen & Brooks, Robert & Do, Hung Xuan & Nguyen, Duc Khuong, 2020. "Dynamic volatility spillover effects between oil and agricultural products," International Review of Financial Analysis, Elsevier, vol. 69(C).
    2. Tule, Moses K. & Salisu, Afees A. & Chiemeke, Charles C., 2019. "Can agricultural commodity prices predict Nigeria's inflation?," Journal of Commodity Markets, Elsevier, vol. 16(C).
    3. Fathy, Ahmed, 2023. "Bald eagle search optimizer-based energy management strategy for microgrid with renewable sources and electric vehicles," Applied Energy, Elsevier, vol. 334(C).
    4. Sun, Yunpeng & Gao, Pengpeng & Raza, Syed Ali & Shah, Nida & Sharif, Arshian, 2023. "The asymmetric effects of oil price shocks on the world food prices: Fresh evidence from quantile-on-quantile regression approach," Energy, Elsevier, vol. 270(C).
    5. Ou, Shiqi & Lin, Zhenhong & Xu, Guoquan & Hao, Xu & Li, Hongwei & Gao, Zhiming & He, Xin & Przesmitzki, Steven & Bouchard, Jessey, 2020. "The retailed gasoline price in China: Time-series analysis and future trend projection," Energy, Elsevier, vol. 191(C).
    6. Hokey Min, 2022. "Examining the Impact of Energy Price Volatility on Commodity Prices from Energy Supply Chain Perspectives," Energies, MDPI, vol. 15(21), pages 1-16, October.
    7. Sharma, Sharmistha & Bhattacharjee, Subhadeep & Bhattacharya, Aniruddha, 2018. "Probabilistic operation cost minimization of Micro-Grid," Energy, Elsevier, vol. 148(C), pages 1116-1139.
    8. Ha, Sang su & Welch, J. Mark & Anderson, David P., 2016. "Time Varying Correlation Research Among Corn, Ethanol, And Gasoline: Copula –Garch Approach," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252741, Southern Agricultural Economics Association.
    9. Xinyu Yuan & Jiechen Tang & Wing-Keung Wong & Songsak Sriboonchitta, 2020. "Modeling Co-Movement among Different Agricultural Commodity Markets: A Copula-GARCH Approach," Sustainability, MDPI, vol. 12(1), pages 1-17, January.
    10. Khaled Mokni & Manel Youssef, 2020. "Empirical analysis of the cross‐interdependence between crude oil and agricultural commodity markets," Review of Financial Economics, John Wiley & Sons, vol. 38(4), pages 635-654, October.
    11. Tiwari, Aviral Kumar & Abakah, Emmanuel Joel Aikins & Adewuyi, Adeolu O. & Lee, Chien-Chiang, 2022. "Quantile risk spillovers between energy and agricultural commodity markets: Evidence from pre and during COVID-19 outbreak," Energy Economics, Elsevier, vol. 113(C).
    12. Chanthawong, Anuman & Dhakal, Shobhakar & Jongwanich, Juthathip, 2016. "Supply and demand of biofuels in the fuel market of Thailand: Two stage least square and three least square approaches," Energy, Elsevier, vol. 114(C), pages 431-443.
    13. Dahl, Roy Endré & Oglend, Atle & Yahya, Muhammad, 2020. "Dynamics of volatility spillover in commodity markets: Linking crude oil to agriculture," Journal of Commodity Markets, Elsevier, vol. 20(C).
    14. Gracita Batista Rosas & Elizete Maria Lourenço & Djalma Mosqueira Falcão & Thelma Solange Piazza Fernandes, 2019. "An Expeditious Methodology to Assess the Effects of Intermittent Generation on Power Systems," Energies, MDPI, vol. 12(6), pages 1-18, March.
    15. Raza, Syed Ali & Guesmi, Khaled & Belaid, Fateh & Shah, Nida, 2022. "Time-frequency causality and connectedness between oil price shocks and the world food prices," Research in International Business and Finance, Elsevier, vol. 62(C).
    16. Ebrahimi, Seyyed Reza & Rahimiyan, Morteza & Assili, Mohsen & Hajizadeh, Amin, 2022. "Home energy management under correlated uncertainties: A statistical analysis through Copula," Applied Energy, Elsevier, vol. 305(C).
    17. Jiang, Yonghong & Lao, Jiashun & Mo, Bin & Nie, He, 2018. "Dynamic linkages among global oil market, agricultural raw material markets and metal markets: An application of wavelet and copula approaches," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 508(C), pages 265-279.
    18. Wang, Minggang & Chen, Ying & Tian, Lixin & Jiang, Shumin & Tian, Zihao & Du, Ruijin, 2016. "Fluctuation behavior analysis of international crude oil and gasoline price based on complex network perspective," Applied Energy, Elsevier, vol. 175(C), pages 109-127.
    19. Yahya, Muhammad & Oglend, Atle & Dahl, Roy Endré, 2019. "Temporal and spectral dependence between crude oil and agricultural commodities: A wavelet-based copula approach," Energy Economics, Elsevier, vol. 80(C), pages 277-296.
    20. Zhou, Wei & Chen, Yan & Chen, Jin, 2022. "Risk spread in multiple energy markets: Extreme volatility spillover network analysis before and during the COVID-19 pandemic," Energy, Elsevier, vol. 256(C).

    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:gam:jeners:v:10:y:2017:i:5:p:625-:d:97551. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.