Header menu link for other important links
X
Offering strategy for a photovoltaic power plant in electricity market
Published in Institute of Electrical and Electronics Engineers Inc.
2018
Volume: 2018-January
   
Pages: 1 - 6
Abstract
With the large-scale manufacturing and production, the per-unit cost of energy from photovoltaic modules have decreased, and the incentives given by the governments are slowly withdrawn. Consequently, the photovoltaic power plants are able to, and asked to, participate in the electricity markets to trade its power competing with conventional generators. This work contributes to the offering strategies for photovoltaic power plants in the day-ahead electricity market with balancing market. The uncertain variables considered are day-ahead electricity prices and actual solar power production for which scenarios are created from historical data. The photovoltaic power plant is modeled as a price taker and the offering problem is solved as a linear programming problem with stochastic optimization. © 2018 IEEE.
About the journal
JournalData powered by Typeset2018 IEEE Power and Energy Conference at Illinois, PECI 2018
PublisherData powered by TypesetInstitute of Electrical and Electronics Engineers Inc.
Open AccessNo
Concepts (13)
  •  related image
    Clustering algorithms
  •  related image
    Commerce
  •  related image
    Electric industry
  •  related image
    ELECTRIC POWER GENERATION
  •  related image
    Linear programming
  •  related image
    Photovoltaic cells
  •  related image
    Solar energy
  •  related image
    K-means clustering algorithm
  •  related image
    OFFERING STRATEGY
  •  related image
    PHOTOVOLTAIC POWER PLANT
  •  related image
    PRICE TAKERS
  •  related image
    Stochastic optimizations
  •  related image
    Power markets