Single-level Robust Bidding of Renewable-only Virtual Power Plant in Energy and Ancillary Service Markets for Worst-case Profit (https://doi.org/10.48550/arXiv.2403.02953)
tipo de documento semantico ckh_publication
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This paper proposes a novel single-level robust
mathematical approach to model the RES-only Virtual Power
Plant (RVPP) bidding problem in the simultaneous Day Ahead
Market (DAM) and Secondary Reserve Market (SRM). The
worst-case profit of RVPP due to uncertainties related to
electricity prices, Non-dispatchable Renewable Energy Sources
(ND-RES) production, and flexible demand is captured. In
order to find the worst-case profit in a single-level model, the
relationship between price and energy uncertainties leads to
some non-linear constraints, which are appropriately linearized.
The simulation results show the superiority of the proposed
robust model compared to those in the literature, as well as
its computational efficiency
