Planning and Operating Combined Wind-Storage System in Electricity Market

Abstract

The increasing penetration of renewable sources in power systems yields various issues in network operation. Most of them are related to uncertainties of energy production. In particular, the variability of wind source does not allow for accurate forecasting of power generation. Production plans may not be accomplished, incurring penalties for system unbalance. For this reason, the use of an energy storage system can improve integration of wind energy in production planning and dispatch. In this paper, an approach for planning and operating an energy storage system for a wind farm in the electricity market is proposed. To this purpose, electrochemical batteries are employed to compensate for generation variations in order to set up a reliable hourly delivery profile, complying with market requirements. The delivery plan can be settled according to energy prices, as well. Moreover, an economic feasibility analysis is carried out on the combined wind-storage system.