IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-01478231.html
   My bibliography  Save this paper

Scheduling a Wind Hydro-Pumped-Storage Unit Considering the Economical Optimization

Author

Listed:
  • Milad Ghaisi

    (Electrical and Computer Engineering Department - University of Nebraska–Lincoln - University of Nebraska System)

  • Milad Rahmani

    (Department of Electrical Engineering - AUT - Amirkabir University of Technology)

  • Pedram Gharghabi

    (Department of Electrical and Computer Engineering (Mississipi State, USA) - Mississippi State University [Mississippi])

  • Ali Zoghi

    (Department of Electrical Engineering - AUT - Amirkabir University of Technology)

  • Seyed Hossein Hosseinian

    (Department of Electrical Engineering - AUT - Amirkabir University of Technology)

Abstract

In this paper a new approach has been introduced to find the optimum capacity of a wind farm to cooperate with a hydro-pumped-storage in order to maximize the income and optimize the payback period of their combination. First, Monte Carlo method has been used to generate the annual price and wind speed values. Then, an operating policy has been considered to schedule each unit generating and saving the produced energy by the wind farm. Subsequently, simulations have been carried out in MATLAB M-File environment to show the effectiveness of the presented method. Finally, results are presented in various circumstances to help the owner to select the optimum condition for constructing a wind hydro-pumped-storage system.

Suggested Citation

  • Milad Ghaisi & Milad Rahmani & Pedram Gharghabi & Ali Zoghi & Seyed Hossein Hosseinian, 2017. "Scheduling a Wind Hydro-Pumped-Storage Unit Considering the Economical Optimization," Post-Print hal-01478231, HAL.
    • Handle: RePEc:hal:journl:hal-01478231
    DOI: 10.12691/ajeee-5-1-3
    Note: View the original document on HAL open archive server: https://hal.science/hal-01478231
    as

    Download full text from publisher

    File URL: https://hal.science/hal-01478231/document
    Download Restriction: no
    File URL: https://libkey.io/10.12691/ajeee-5-1-3?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
    ---><---

    References listed on IDEAS

    as
    1. Bueno, C. & Carta, J.A., 2006. "Wind powered pumped hydro storage systems, a means of increasing the penetration of renewable energy in the Canary Islands," Renewable and Sustainable Energy Reviews, Elsevier, vol. 10(4), pages 312-340, August.
    2. Nazari, M.E. & Ardehali, M.M. & Jafari, S., 2010. "Pumped-storage unit commitment with considerations for energy demand, economics, and environmental constraints," Energy, Elsevier, vol. 35(10), pages 4092-4101.
    3. Caralis, G. & Rados, K. & Zervos, A., 2010. "On the market of wind with hydro-pumped storage systems in autonomous Greek islands," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(8), pages 2221-2226, October.
    4. Saidur, R. & Rahim, N.A. & Islam, M.R. & Solangi, K.H., 2011. "Environmental impact of wind energy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(5), pages 2423-2430, June.
    5. Anagnostopoulos, J.S. & Papantonis, D.E., 2008. "Simulation and size optimization of a pumped–storage power plant for the recovery of wind-farms rejected energy," Renewable Energy, Elsevier, vol. 33(7), pages 1685-1694.
    6. Ding, Huajie & Hu, Zechun & Song, Yonghua, 2012. "Stochastic optimization of the daily operation of wind farm and pumped-hydro-storage plant," Renewable Energy, Elsevier, vol. 48(C), pages 571-578.
    7. Norouzi, Hadi & Abedi, Sajjad & Jamalzadeh, Reza & Rad, Milad Ghiasi & Hosseinian, Seyed Hossein, 2014. "Modeling and investigation of harmonic losses in optimal power flow and power system locational marginal pricing," Energy, Elsevier, vol. 68(C), pages 140-147.
    8. Tuohy, A. & O'Malley, M., 2011. "Pumped storage in systems with very high wind penetration," Energy Policy, Elsevier, vol. 39(4), pages 1965-1974, April.
    9. Bogdan, Željko & Cehil, Mislav & Kopjar, Damir, 2007. "Power system optimization," Energy, Elsevier, vol. 32(6), pages 955-960.
    10. Kapsali, M. & Kaldellis, J.K., 2010. "Combining hydro and variable wind power generation by means of pumped-storage under economically viable terms," Applied Energy, Elsevier, vol. 87(11), pages 3475-3485, November.
    11. Varkani, Ali Karimi & Daraeepour, Ali & Monsef, Hassan, 2011. "A new self-scheduling strategy for integrated operation of wind and pumped-storage power plants in power markets," Applied Energy, Elsevier, vol. 88(12), pages 5002-5012.
    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. Choudhuri, Saha & Shi, Jian, 2017. "Study of the Industrial Precision Manufacturing and Metallic Alloys with Respect to Economic Considerations," MPRA Paper 77481, University Library of Munich, Germany.
    2. Javed, Muhammad Shahzad & Ma, Tao & Jurasz, Jakub & Amin, Muhammad Yasir, 2020. "Solar and wind power generation systems with pumped hydro storage: Review and future perspectives," Renewable Energy, Elsevier, vol. 148(C), pages 176-192.
    3. Mahfoud, Rabea Jamil & Alkayem, Nizar Faisal & Zhang, Yuquan & Zheng, Yuan & Sun, Yonghui & Alhelou, Hassan Haes, 2023. "Optimal operation of pumped hydro storage-based energy systems: A compendium of current challenges and future perspectives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 178(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. Rehman, Shafiqur & Al-Hadhrami, Luai M. & Alam, Md. Mahbub, 2015. "Pumped hydro energy storage system: A technological review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 44(C), pages 586-598.
    2. Katsaprakakis, Dimitris Al. & Christakis, Dimitris G., 2014. "Seawater pumped storage systems and offshore wind parks in islands with low onshore wind potential. A fundamental case study," Energy, Elsevier, vol. 66(C), pages 470-486.
    3. Dhillon, Javed & Kumar, Arun & Singal, S.K., 2014. "Optimization methods applied for Wind–PSP operation and scheduling under deregulated market: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 30(C), pages 682-700.
    4. Ardizzon, G. & Cavazzini, G. & Pavesi, G., 2014. "A new generation of small hydro and pumped-hydro power plants: Advances and future challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 31(C), pages 746-761.
    5. Katsaprakakis, Dimitris Al. & Christakis, Dimitris G. & Stefanakis, Ioannis & Spanos, Petros & Stefanakis, Nikos, 2013. "Technical details regarding the design, the construction and the operation of seawater pumped storage systems," Energy, Elsevier, vol. 55(C), pages 619-630.
    6. Javed, Muhammad Shahzad & Ma, Tao & Jurasz, Jakub & Amin, Muhammad Yasir, 2020. "Solar and wind power generation systems with pumped hydro storage: Review and future perspectives," Renewable Energy, Elsevier, vol. 148(C), pages 176-192.
    7. Pérez-Díaz, Juan I. & Chazarra, M. & García-González, J. & Cavazzini, G. & Stoppato, A., 2015. "Trends and challenges in the operation of pumped-storage hydropower plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 44(C), pages 767-784.
    8. Katsaprakakis, Dimitris Al. & Christakis, Dimitris G. & Pavlopoylos, Kosmas & Stamataki, Sofia & Dimitrelou, Irene & Stefanakis, Ioannis & Spanos, Petros, 2012. "Introduction of a wind powered pumped storage system in the isolated insular power system of Karpathos–Kasos," Applied Energy, Elsevier, vol. 97(C), pages 38-48.
    9. Katsaprakakis, Dimitris Al., 2016. "Hybrid power plants in non-interconnected insular systems," Applied Energy, Elsevier, vol. 164(C), pages 268-283.
    10. Su, Chengguo & Cheng, Chuntian & Wang, Peilin & Shen, Jianjian & Wu, Xinyu, 2019. "Optimization model for long-distance integrated transmission of wind farms and pumped-storage hydropower plants," Applied Energy, Elsevier, vol. 242(C), pages 285-293.
    11. Zafirakis, Dimitrios & Chalvatzis, Konstantinos J. & Baiocchi, Giovanni & Daskalakis, George, 2013. "Modeling of financial incentives for investments in energy storage systems that promote the large-scale integration of wind energy," Applied Energy, Elsevier, vol. 105(C), pages 138-154.
    12. Yuan, Wenlin & Xin, Wenpeng & Su, Chengguo & Cheng, Chuntian & Yan, Denghua & Wu, Zening, 2022. "Cross-regional integrated transmission of wind power and pumped-storage hydropower considering the peak shaving demands of multiple power grids," Renewable Energy, Elsevier, vol. 190(C), pages 1112-1126.
    13. Kapsali, M. & Anagnostopoulos, J.S. & Kaldellis, J.K., 2012. "Wind powered pumped-hydro storage systems for remote islands: A complete sensitivity analysis based on economic perspectives," Applied Energy, Elsevier, vol. 99(C), pages 430-444.
    14. Rahimi, Ehsan & Rabiee, Abdorreza & Aghaei, Jamshid & Muttaqi, Kashem M. & Esmaeel Nezhad, Ali, 2013. "On the management of wind power intermittency," Renewable and Sustainable Energy Reviews, Elsevier, vol. 28(C), pages 643-653.
    15. Díaz-González, Francisco & Sumper, Andreas & Gomis-Bellmunt, Oriol & Villafáfila-Robles, Roberto, 2012. "A review of energy storage technologies for wind power applications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(4), pages 2154-2171.
    16. Ming, Zeng & Junjie, Feng & Song, Xue & Zhijie, Wang & Xiaoli, Zhu & Yuejin, Wang, 2013. "Development of China's pumped storage plant and related policy analysis," Energy Policy, Elsevier, vol. 61(C), pages 104-113.
    17. Helge Bormann & Inge Andersen Martinez, 2014. "Towards an Indicator Based Framework Analysing the Suitability of Existing Dams for Energy Storage," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 28(6), pages 1613-1630, April.
    18. Zafirakis, Dimitrios & Chalvatzis, Konstantinos J. & Baiocchi, Giovanni, 2015. "Embodied CO2 emissions and cross-border electricity trade in Europe: Rebalancing burden sharing with energy storage," Applied Energy, Elsevier, vol. 143(C), pages 283-300.
    19. Evans, Annette & Strezov, Vladimir & Evans, Tim J., 2012. "Assessment of utility energy storage options for increased renewable energy penetration," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 4141-4147.
    20. Osmani, Atif & Zhang, Jun, 2014. "Optimal grid design and logistic planning for wind and biomass based renewable electricity supply chains under uncertainties," Energy, Elsevier, vol. 70(C), pages 514-528.

    More about this item

    Keywords

    wind hydro-pumped-storage; optimize the payback period; wind farm; pumped-storage; Monte Carlo;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:hal:journl:hal-01478231. 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.