Distributed generation resources placement in power systems considering electricity markets
Department of Electrical Engineering at the Polytechnic School of Linares, University of Jaen, Jaen, Spain
Abstract
In this paper, improvement and social welfare of present partners in energy and reserve markets in an annual time interval are presented using a new analytical method based on iteration and simultaneous optimizing net profit value in investment circulation for wind turbine developers at the presence of pumped-hydroelectricity energy storages (PHESS) in power systems. Obtained results of the proposed method are tested on a standard 14-bus IEEE system. And by using analysis and evaluation of the presented method it is determined that due to proving high flexibility in operation planning of system under the conditions of the pool-based market during the annual horizon, maximizing investment profit of these resources and other partners under the market conditions is achieved.
Keywords
Wind turbine- pumped-storage unit, Electricity and reserve markets, Pool-based market
Digital Object Identifier (DOI)
https://doi.org/10.21833/AEEE.2019.01.002
Article history
Received 5 October 2018, Received in revised form 2 January 2019, Accepted 4 January 2019
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How to cite
Alba LM and Fernández MA (2019). Distributed generation resources placement in power systems considering electricity markets. Annals of Electrical and Electronic Engineering, 2(1): 6-11
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