학술논문

A Probabilistic Forecast-Driven Strategy for a Risk-Aware Participation in the Capacity Firming Market
Document Type
Periodical
Source
IEEE Transactions on Sustainable Energy IEEE Trans. Sustain. Energy Sustainable Energy, IEEE Transactions on. 13(2):1234-1243 Apr, 2022
Subject
Power, Energy and Industry Applications
Geoscience
Computing and Processing
Renewable energy sources
Uncertainty
Optimization
Real-time systems
Probabilistic logic
Predictive models
Heuristic algorithms
Capacity firming
electricity market
robust optimization
Benders decomposition
renewable generation uncertainty
deep learning
normalizing flows
Language
ISSN
1949-3029
1949-3037
Abstract
This paper addresses the energy management of a grid-connected renewable generation plant coupled with a battery energy storage device in the capacity firming market, designed to promote renewable power generation facilities in small non-interconnected grids. The core contribution is to propose a probabilistic forecast-driven strategy, modeled as a min-max-min robust optimization problem with recourse. It is solved using a Benders-dual cutting plane algorithm and a column and constraints generation algorithm in a tractable manner. A dynamic risk-averse parameters selection strategy based on the quantile forecasts distribution is proposed to improve the results. A secondary contribution is to use a recently developed deep learning model known as normalizing flows to generate quantile forecasts of renewable generation for the robust optimization problem. This technique provides a general mechanism for defining expressive probability distributions, only requiring the specification of a base distribution and a series of bijective transformations. Overall, the robust approach improves the results over a deterministic approach with nominal point forecasts by finding a trade-off between conservative and risk-seeking policies. The case study uses the photovoltaic generation monitored on-site at the University of Liège (ULiège), Belgium.