Hybrid Power Plant Bidding in Models of Future Electricity Systems

Kemp, Julie Mulvaney; Heleno, Miguel; Mills, Andrew D

doi:10.1109/pesgm52003.2023.10252335

Hybrid Power Plant Bidding in Models of Future Electricity Systems

Conference · 20 July 2023

DOI:https://doi.org/10.1109/pesgm52003.2023.10252335· OSTI ID:2382767

Kemp, Julie Mulvaney; Heleno, Miguel; Mills, Andrew D

This paper proposes a stochastic model for hybrid power plants participation in day-ahead electricity markets, considering uncertainty in market prices and renewable generation. Additionally, it presents a methodology to incorporate this hybrid participation into existing production cost models (PCM), allowing the analysis and market design of future systems with high penetration of hybrids. These developments are illustrated using a wind-battery hybrid located in New York Independent System Operator (NYISO) footprint.

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Research Organization:: Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)

Sponsoring Organization:: USDOE Office of Energy Efficiency and Renewable Energy (EERE)

DOE Contract Number:: AC02-05CH11231

OSTI ID:: 2382767

Country of Publication:: United States

Language:: English

References (14)

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