A multi-stage stochastic programming model for the unit commitment of conventional and virtual power plants bidding in the day-ahead and ancillary services markets. (15th April 2023)

• Record Type: Journal Article
• Authors: Fusco, Andrea; Gioffrè, Domenico; Francesco Castelli, Alessandro; Bovo, Cristian; Martelli, Emanuele
• Is Part Of: Applied energy. Volume 336(2023)
• Publication Date: 2023-04-15
• Subjects: Multi-energy systems -- Decentralized electricity production -- Virtual power plant -- Electricity markets -- Stochastic programming -- Unit commitment -- Economic Dispatch; Power (Mechanics) -- Periodicals; Energy conservation -- Periodicals; Energy conversion -- Periodicals; 621.042
• DOI: 10.1016/j.apenergy.2023.120739
• Languages: English
• ISSNs: 0306-2619

Abstract

Highlights: A stochastic model for the optimal operation of virtual power plants is developed. The scenario tree contains both market and renewable generation scenarios. An ad-hoc decomposition method drastically reduces the computational time. Despite optimal solution, PV generation is partially curtailed. Cogeneration plant can effectively participate in more markets. Abstract: As more uncontrollable renewable energy sources are present in the power generation portfolio, the need of more detailed and reliable tools for the optimal operation of energy systems has increased in the last years. This work presents a multi-stage stochastic Mixed Integer Linear Program with binary recourse for optimizing the day-ahead unit commitment of power plants and virtual power plants operating in the day-ahead and ancillary services markets. Scenarios reproduce the uncertainty of the ancillary services market requests, and production of photovoltaic panels. A novel decomposition algorithm is proposed to tackle the challenging multistage stochastic program. The methodology is tested on three types of large power plants: a natural gas-fired combined cycle, a combined heat and power combined cycle with thermal storage, and a virtual power plant integrating a combined cycle with battery and photovoltaic fields. Compared to the typical deterministic unit commitment approach, the proposed stochastic optimization approach allows to increase the revenues of the conventional power plant up to 13.58% and, for the combined heat and power and virtual power plant case, it allows finding a feasible and efficient operational scheduling.