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)

Nemati, Hadi; Sánchez Martín, Pedro; Baringo Morales, Ana; Ortega Manjavacas, Álvaro

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Campo DC	Valor	Lengua/Idioma
dc.contributor.author	Nemati, Hadi	es-ES
dc.contributor.author	Sánchez Martín, Pedro	es-ES
dc.contributor.author	Baringo Morales, Ana	es-ES
dc.contributor.author	Ortega Manjavacas, Álvaro	es-ES
dc.date.accessioned	2024-05-28T14:00:13Z	-
dc.date.available	2024-05-28T14:00:13Z	-
dc.identifier.uri	http://hdl.handle.net/11531/88631	-
dc.description.abstract	.	es-ES
dc.description.abstract	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	en-GB
dc.format.mimetype	application/pdf	es_ES
dc.language.iso	en-GB	es_ES
dc.rights	Creative Commons Reconocimiento-NoComercial-SinObraDerivada España	es_ES
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/es/	es_ES
dc.title	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)	es_ES
dc.type	info:eu-repo/semantics/workingPaper	es_ES
dc.description.version	info:eu-repo/semantics/draft	es_ES
dc.rights.holder		es_ES
dc.rights.accessRights	info:eu-repo/semantics/openAccess	es_ES
dc.keywords	.	es-ES
dc.keywords	Renewable-only virtual power plant, single-level model, robust optimization, uncertainty, worst-case profit	en-GB
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