Emission-aware energy trading by coordinating thermal & wind power generation

Author

Akhtar, G. M. Asim ; Al-Awami, Ali T.

Author_Institution

Electr. Eng. Dept., King Fahd Univ. of Pet. & Miner., Dhahran, Saudi Arabia

fYear

2013

Firstpage

1023

Lastpage

1027

Abstract

In this work, combined trading of energy and emissions for coordinated wind and thermal units is considered. The objective is (a) to maximize the expected profits of the owner using coordination as risk mitigation and (b) to minimize emission. A two level mixed integer stochastic programming (SP) is used to handle various uncertainties. Simulation results show the benefits of using a combined bidding strategy for wind and thermal units along with emission reduction.

Keywords

integer programming; risk management; stochastic programming; thermal power stations; wind power plants; bidding strategy; emission reduction; emission-aware energy trading; mixed integer stochastic programming; risk mitigation; thermal power generation; thermal units; wind power generation; wind units; Electricity supply industry; Generators; Mathematical model; Optimization; Power engineering; Schedules; Wind power generation; Coordination; Emission Trading; Wind; energy trading; mixed integer stochastic programming; risk; thermal power production;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering, Energy and Electrical Drives (POWERENG), 2013 Fourth International Conference on

Conference_Location

Istanbul

ISSN

2155-5516

Type

conf

DOI

10.1109/PowerEng.2013.6635751

Filename

6635751