LAPSE:2018.0790
Published Article
LAPSE:2018.0790
Optimal Bidding Strategy for Renewable Microgrid with Active Network Management
Seung Wan Kim, Jip Kim, Young Gyu Jin, Yong Tae Yoon
October 23, 2018
Active Network Management (ANM) enables a microgrid to optimally dispatch the active/reactive power of its Renewable Distributed Generation (RDG) and Battery Energy Storage System (BESS) units in real time. Thus, a microgrid with high penetration of RDGs can handle their uncertainties and variabilities to achieve the stable operation using ANM. However, the actual power flow in the line connecting the main grid and microgrid may deviate significantly from the day-ahead bids if the bids are determined without consideration of the real-time adjustment through ANM, which will lead to a substantial imbalance cost. Therefore, this study proposes a formulation for obtaining an optimal bidding which reflects the change of power flow in the connecting line by real-time adjustment using ANM. The proposed formulation maximizes the expected profit of the microgrid considering various network and physical constraints. The effectiveness of the proposed bidding strategy is verified through the simulations with a 33-bus test microgrid. The simulation results show that the proposed bidding strategy improves the expected operating profit by reducing the imbalance cost to a greater degree compared to the basic bidding strategy without consideration of ANM.
Keywords
active network management, market participation of microgrid, microgrid operation, renewable microgrid
Suggested Citation
Kim SW, Kim J, Jin YG, Yoon YT. Optimal Bidding Strategy for Renewable Microgrid with Active Network Management. (2018). LAPSE:2018.0790
Author Affiliations
Kim SW: Department of Electrical and Computer Engineering, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 151-742, Korea
Kim J: Power System Research Division, Korea Electrical Engineering & Science Research Institute, Bldg. 130, 1 Gwanak-ro, Gwanak-gu, Seoul 151-742, Korea [ORCID]
Jin YG: Center for Advanced Power & Environmental Technology (APET), The University of Tokyo, 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-8656, Japan
Yoon YT: Department of Electrical and Computer Engineering, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 151-742, Korea
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Journal Name
Energies
Volume
9
Issue
1
Article Number
E48
Year
2016
Publication Date
2016-01-15
Published Version
ISSN
1996-1073
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PII: en9010048, Publication Type: Journal Article
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LAPSE:2018.0790
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doi:10.3390/en9010048
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Oct 23, 2018
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Oct 23, 2018
 
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Calvin Tsay
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