A Transmission-Cost-Based Model to Estimate the Amount of Market-Integrable Wind Resources

Publication: Research - peer-reviewJournal article – Annual report year: 2012

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A Transmission-Cost-Based Model to Estimate the Amount of Market-Integrable Wind Resources. / Morales González, Juan Miguel; Pinson, Pierre; Madsen, Henrik.

In: I E E E Transactions on Power Systems, Vol. 27, No. 2, 2012, p. 1060-1069 .

Publication: Research - peer-reviewJournal article – Annual report year: 2012

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Morales González, Juan Miguel; Pinson, Pierre; Madsen, Henrik / A Transmission-Cost-Based Model to Estimate the Amount of Market-Integrable Wind Resources.

In: I E E E Transactions on Power Systems, Vol. 27, No. 2, 2012, p. 1060-1069 .

Publication: Research - peer-reviewJournal article – Annual report year: 2012

Bibtex

@article{26a5ee06ffe5485a8f05fc523ea36ba6,
title = "A Transmission-Cost-Based Model to Estimate the Amount of Market-Integrable Wind Resources",
publisher = "I E E E",
author = "{Morales González}, {Juan Miguel} and Pierre Pinson and Henrik Madsen",
year = "2012",
doi = "10.1109/TPWRS.2011.2177281",
volume = "27",
number = "2",
pages = "1060--1069",
journal = "I E E E Transactions on Power Systems",
issn = "0885-8950",

}

RIS

TY - JOUR

T1 - A Transmission-Cost-Based Model to Estimate the Amount of Market-Integrable Wind Resources

A1 - Morales González,Juan Miguel

A1 - Pinson,Pierre

A1 - Madsen,Henrik

AU - Morales González,Juan Miguel

AU - Pinson,Pierre

AU - Madsen,Henrik

PB - I E E E

PY - 2012

Y1 - 2012

N2 - In the pursuit of the large-scale integration of wind power production, it is imperative to evaluate plausible frictions among the stochastic nature of wind generation, electricity markets, and the investments in transmission required to accommodate larger amounts of wind. If wind producers are made to share the expenses in transmission derived from their integration, they may see the doors of electricity markets closed for not being competitive enough. This paper presents a model to decide the amount of wind resources that are economically exploitable at a given location from a transmission-cost perspective. This model accounts for the uncertain character of wind by using a modeling framework based on stochastic optimization, simulates market barriers by means of a bi-level structure, and considers the financial risk of investments in transmission through the conditional value-at-risk. The major features of the proposed model, which is efficiently solved using Benders decomposition, are discussed through an illustrative example.

AB - In the pursuit of the large-scale integration of wind power production, it is imperative to evaluate plausible frictions among the stochastic nature of wind generation, electricity markets, and the investments in transmission required to accommodate larger amounts of wind. If wind producers are made to share the expenses in transmission derived from their integration, they may see the doors of electricity markets closed for not being competitive enough. This paper presents a model to decide the amount of wind resources that are economically exploitable at a given location from a transmission-cost perspective. This model accounts for the uncertain character of wind by using a modeling framework based on stochastic optimization, simulates market barriers by means of a bi-level structure, and considers the financial risk of investments in transmission through the conditional value-at-risk. The major features of the proposed model, which is efficiently solved using Benders decomposition, are discussed through an illustrative example.

KW - Transmission expansion

KW - Wind power

KW - Economic appraisal

KW - Bilevel programming

U2 - 10.1109/TPWRS.2011.2177281

DO - 10.1109/TPWRS.2011.2177281

JO - I E E E Transactions on Power Systems

JF - I E E E Transactions on Power Systems

SN - 0885-8950

IS - 2

VL - 27

SP - 1060

EP - 1069

ER -