Proceedings ArticleDOI
Optimal Bidding Strategy with Ancillary Services in Hybrid Competitive Markets
Ampolu Maneesha,K. Shanti Swarup +1 more
TLDR
In this article, an optimal bidding strategy for effective coordination of wind power plant (WPP) and pumped storage plant (PSP) in day-ahead energy and ancillary services like spinning reserve (SR) and fast responsive reserve (FRR) in the power market is presented.Abstract:
In competitive power markets, the reliable and continuous supply required for maintaining the power market’s economic sustainability and the same is also useful for receiving a correct economic signal by the various market players Some ancillary services are required to decrease the fluctuations created by wind power plants and maintain continuity reliability of supply to the end-use customers in the power market This paper presents an optimal bidding strategy for effective coordination of wind power plant (WPP) and pumped storage plant (PSP) in day-ahead energy and ancillary services like spinning reserve (SR) and fast responsive reserve (FRR) in the power market The coordinated operation of PSP with WPP has been considered to decrease the intermittency of available wind power supplied to the grid The obtained revenue in both cases (SR and FRR) are compared The results demonstrate that the coordination of PSP and WPP reduces the imbalances in bids, penalties in the day-ahead ancillary service, and energy markets (AS & EMs) with simultaneous maximum revenue achieved by both PSP and WPPread more
Citations
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Journal ArticleDOI
A survey on applications of Alternating Direction Method of Multipliers in smart power grids
Ampolu Maneesha,K. Shanti Swarup +1 more
TL;DR: Research gaps and future directions on all these applications in smart grids, such as the impact of communication failures or communication delays, effect of uncertainties, incorporating the fraudulent behaviour of participants, usage of Blockchain technology, implementation of smart contract on the performance of these algorithms are presented.
Proceedings ArticleDOI
Optimal Double Auction Bidding Strategy Considering Ancillary Services and Demand Response
Ampolu Maneesha,K. Shanti Swarup +1 more
TL;DR: In this article , a joint double auction bidding strategy is developed for wind power plants to coordinate pumped storage hydro plant (PSHP) and demand response (DR) to reduce the wind power actual output imbalances.
References
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