Article ID Journal Published Year Pages File Type
5450815 Solar Energy 2017 14 Pages PDF
Abstract
The participation of CSP plants in the day-ahead electricity market is therefore potentially feasible with the advantage of increasing their revenues. However, inappropriate control strategies could be adopted due to the uncertainties in solar energy availability and market prices. A comparative analysis is therefore carried out in this paper with the aim of investigating the best approach to deal with the solar energy uncertainty. In particular, three different approaches are compared: deterministic, robust and stochastic. Two different weather forecast services are considered referring to the meteorological conditions occurring in a location near Rome. A 50 MW CSP plant is evaluated as a case study and the Italian electricity spot market is considered. The results show that both robust and stochastic approaches increase the revenues of the CSP plant and minimize the risk of occurrence of unmet energy compared to a deterministic approach. The stochastic approach is strongly influenced by the weather forecast modeling and the consequent distribution of weather forecast uncertainty. The stochastic approach attains the highest profits by adopting weather forecast services characterized by a robust statistical inference. On the other hand, robust optimization achieves highest profits if weather forecast is characterized by low accuracy and more distributed errors.
Related Topics
Physical Sciences and Engineering Energy Renewable Energy, Sustainability and the Environment
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