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Optimization of wind power producer participation in electricity markets with energy storage in a way of energy 4.0

dc.contributor.authorGomes, Isaías
dc.contributor.authorPousinho, Hugo M. I.
dc.contributor.authorMelicio, Rui
dc.contributor.authorMendes, Victor
dc.date.accessioned2021-07-16T17:52:09Z
dc.date.available2021-07-16T17:52:09Z
dc.date.issued2018
dc.description.abstractThis paper proposes a problem formulation to aid as a support information management system of a wind power producer having energy storage devices and participating in electricity markets. Energy storage can play an important role in the reduction of uncertainties faced by a wind power producer. Excess of conversion of wind energy into electric energy can be stored and then released at favorable hours. Energy storage provides capability for arbitrage and increases the revenue of the wind power producers participating in electricity markets. The formulation models the wind power and the market prices as stochastic processes represented by a set of convenient scenarios. The problem is solved by a powerful stochastic mixed integer linear programming problem. A case study using data from the Iberian Electricity Market is presented to show the aid of the formulation.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationGOMES, Isaías L. R.; [et al] – Optimization of wind power producer participation in electricity markets with energy storage in a way of energy 4.0. In International Join Conference SOCO`17 – CISIS'17-ICEUTE'17 Proceedings (12th Int Conf Soft Computing Models in Industrial and Environmental Applications (SOCO) / 10th Int Conf on Computational Intelligence in Security for Information Systems (CISIS) / 8th Int Conf on European Transnational Education). Leon Spain: Springer International Publishing, 2018. ISBN 978-3-319-67180-2. Vol. 649, pp. 91-101pt_PT
dc.identifier.doi10.1007/978-3-319-67180-2_9pt_PT
dc.identifier.eissn2194-5365
dc.identifier.isbn978-3-319-67180-2
dc.identifier.isbn978-3-319-67179-6
dc.identifier.issn2194-5357
dc.identifier.urihttp://hdl.handle.net/10400.21/13570
dc.language.isoengpt_PT
dc.publisherSpringerpt_PT
dc.relationPOCI-01-0145-FEDER-007718 - FCT European Commissionpt_PT
dc.subjectElectricity marketspt_PT
dc.subjectEnergy storagept_PT
dc.subjectMixed integer linear programmingpt_PT
dc.subjectStochastic optimizationpt_PT
dc.subjectWind powerpt_PT
dc.titleOptimization of wind power producer participation in electricity markets with energy storage in a way of energy 4.0pt_PT
dc.typeconference object
dspace.entity.typePublication
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/5876/UID%2FEMS%2F00151%2F2013/PT
oaire.citation.conferencePlaceSep 06-08, 2017 - Leon, Spainpt_PT
oaire.citation.endPage101pt_PT
oaire.citation.startPage91pt_PT
oaire.citation.titleInternational Join Conference SOCO`17 – CISIS'17-ICEUTE'17 Proceedingspt_PT
oaire.citation.volume649pt_PT
oaire.fundingStream5876
person.familyNameGomes
person.familyNameMelicio
person.familyNameMendes
person.givenNameIsaías
person.givenNameRui
person.givenNameVictor
person.identifier.ciencia-id9A16-51D0-5AF9
person.identifier.ciencia-idA213-8E2D-0102
person.identifier.orcid0000-0003-3110-6644
person.identifier.orcid0000-0002-1081-2729
person.identifier.orcid0000-0002-4599-477X
person.identifier.ridM-4593-2013
person.identifier.ridD-2332-2012
person.identifier.scopus-author-id57188648074
person.identifier.scopus-author-id20436053900
person.identifier.scopus-author-id55138675600
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsclosedAccesspt_PT
rcaap.typeconferenceObjectpt_PT
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relation.isAuthorOfPublication.latestForDiscovery104a0c6b-46e6-423f-8fe8-3edc1a2406dc
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