Optimized Energy Management Strategy for Wind Plants with Storage in Energy and Reserve Markets

Abstract

This paper addresses the joint operation of wind plants with energy storage systems in multiple markets to increase the value of wind energy from an economic and technical point of view. The development of an optimized energy management allows scheduling the wind generation in energy markets, as well as contributing to the system stability through the joint participation in frequency ancillary services. The market optimization maximizes market revenues considering overall storage costs, while avoiding energy imbalances and market penalties. Moreover, wind power fluctuations, forecast errors and real-time reserve requirements are controlled by the energy storage system and managed afterward through the participation in continuous intraday market. Furthermore, model predictive control approach enables a high compliance of reserve requirements and a huge reduction of energy imbalances in real-time operation. Different energy storage capacities are selected in order to evaluate their cost-effectiveness enhancing the wind plant operation under the considered study case.