Please wait, while we are loading the content...
Please wait, while we are loading the content...
| Content Provider | IET Digital Library |
|---|---|
| Author | Nojavan, Sayyad Dibavar, Alireza Akbari Zare, Kazem |
| Abstract | A hybrid stochastic-robust optimisation framework for compressed air energy storage (CAES) independent owners is proposed to provide optimal bids and offers in both day-ahead (DA) and real-time (RT) energy arbitrage markets. The RT energy market has an excellent opportunity for energy arbitrage, but there are few works which consider this trading. To deal with uncertain characteristics of market prices in the presented study, for DA market stochastic programming (SP) is proposed; however, for RT stage the uncertainty and volatility of electricity price are managed by robust optimisation approach (ROA), and the CAES owner will be safe against undesired price fluctuations. At first, the optimal scheduling of CAES is investigated in the DA market considering price scenarios. After the DA market realisation, additional bids and offers at RT stage will be determined. The proposed optimisation is modelled mathematically as mixed integer linear programming (MIP) and handled by GAMS optimisation software. Using ROA, participation in the RT market can increase the profit of the CAES units. The gained profit in RT market is directly related to robustness level and is selected by decision maker. |
| Starting Page | 3673 |
| Ending Page | 3679 |
| Page Count | 7 |
| ISSN | 17518687 |
| Volume Number | 13 |
| e-ISSN | 17518695 |
| Issue Number | Issue 16, Aug (2019) |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/iet-gtd/13/16 |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/10.1049/iet-gtd.2018.7022 |
| Journal | IET Generation, Transmission & Distribution |
| Publisher Date | 2019-06-27 |
| Access Restriction | Open |
| Rights Holder | © The Institution of Engineering and Technology |
| Subject Keyword | CAES Owner CAES Units Compressed Air Energy Storage Compressed Air Energy Storage Independent Owners Cost Reduction DA Market Realisation DA Market Stochastic Programming Day-ahead Electricity Price Energy Arbitrage GAMS Optimisation Software Integer Programming Linear Programming Market Prices Optimal Bids Optimal Energy Management Optimisation Optimisation Technique Power Market Power System Economics Power System Managemen Power System Operation Price Scenario Pricing Real-time Energy Markets Robust Optimisation Approach RT Energy Market RT Market Stochastic Programming Stochastic-robust Optimisation Framework Undesired Price Fluctuations |
| Content Type | Text |
| Resource Type | Article |
| Subject | Control and Systems Engineering Energy Engineering and Power Technology Electrical and Electronic Engineering |
National Digital Library of India (NDLI) is a virtual repository of learning resources which is not just a repository with search/browse facilities but provides a host of services for the learner community. It is sponsored and mentored by Ministry of Education, Government of India, through its National Mission on Education through Information and Communication Technology (NMEICT). Filtered and federated searching is employed to facilitate focused searching so that learners can find the right resource with least effort and in minimum time. NDLI provides user group-specific services such as Examination Preparatory for School and College students and job aspirants. Services for Researchers and general learners are also provided. NDLI is designed to hold content of any language and provides interface support for 10 most widely used Indian languages. It is built to provide support for all academic levels including researchers and life-long learners, all disciplines, all popular forms of access devices and differently-abled learners. It is designed to enable people to learn and prepare from best practices from all over the world and to facilitate researchers to perform inter-linked exploration from multiple sources. It is developed, operated and maintained from Indian Institute of Technology Kharagpur.
Learn more about this project from here.
NDLI is a conglomeration of freely available or institutionally contributed or donated or publisher managed contents. Almost all these contents are hosted and accessed from respective sources. The responsibility for authenticity, relevance, completeness, accuracy, reliability and suitability of these contents rests with the respective organization and NDLI has no responsibility or liability for these. Every effort is made to keep the NDLI portal up and running smoothly unless there are some unavoidable technical issues.
Ministry of Education, through its National Mission on Education through Information and Communication Technology (NMEICT), has sponsored and funded the National Digital Library of India (NDLI) project.
| Sl. | Authority | Responsibilities | Communication Details |
|---|---|---|---|
| 1 | Ministry of Education (GoI), Department of Higher Education |
Sanctioning Authority | https://www.education.gov.in/ict-initiatives |
| 2 | Indian Institute of Technology Kharagpur | Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project | https://www.iitkgp.ac.in |
| 3 | National Digital Library of India Office, Indian Institute of Technology Kharagpur | The administrative and infrastructural headquarters of the project | Dr. B. Sutradhar bsutra@ndl.gov.in |
| 4 | Project PI / Joint PI | Principal Investigator and Joint Principal Investigators of the project |
Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon |
| 5 | Website/Portal (Helpdesk) | Queries regarding NDLI and its services | support@ndl.gov.in |
| 6 | Contents and Copyright Issues | Queries related to content curation and copyright issues | content@ndl.gov.in |
| 7 | National Digital Library of India Club (NDLI Club) | Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach | clubsupport@ndl.gov.in |
| 8 | Digital Preservation Centre (DPC) | Assistance with digitizing and archiving copyright-free printed books | dpc@ndl.gov.in |
| 9 | IDR Setup or Support | Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops | idr@ndl.gov.in |
|
Loading...
|