Applied Energy 154 (2015) 197–208 Contents lists available at ScienceDirect Applied Energy journal homepage: www.elsevier.com/locate/apenergy The impact of a wind variable generation on the hydro generation water shadow price Perica Ilak , Ivan Rajšl, Slavko Krajcar, Marko Delimar University of Zagreb, Faculty of Electrical Engineering and Computing, Unska 3, Zagreb HR-10000, Croatia highl i ghts graphical a bstrac t The papers addresses a coordinated hydro and wind generation. A model for obtaining the water shadow price is presented. The effects of wind forecasting errors on water shadow prices are examined. article i nfo abstract Article history: The volatility and complex forecasting methods of ﬂuctuating wind generation is a growing issue. From a Received 9 January 2015 system perspective, this introduces additional issues regarding demand and supply balancing and also Received in revised form 26 March 2015 creates the need for more balancing capacity. One of the best supplements to volatile wind nature is cer- Accepted 27 April 2015 tainly hydro generation, especially in complement with pumped storage technology. Water can provide Available online 16 May 2015 large backup capacity and ﬂexibility to balance wind deviations. In this research short-run hydro–wind coordination is addressed and an approach based on the
Applied Energy – Elsevier
Published: Sep 15, 2015
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