An Analysis of a Storage System for a Wind Farm with Ramp-Rate Limitation

This paper provides evidence on how the variability of the power produced by a wind farm and its revenue are affected by implementing a ramp-rate limitation strategy and by adding a storage device to the system. The wind farm receives penalties whenever the ramp-rate limitations are not respected an...

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Main Authors: Guglielmo D’Amico, Filippo Petroni, Salvatore Vergine
Format: Article
Language:English
Published: MDPI AG 2021-07-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/14/13/4066
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spelling doaj-a5c4a858d72d45b6b7a43e7fde55d15e2021-07-15T15:33:54ZengMDPI AGEnergies1996-10732021-07-01144066406610.3390/en14134066An Analysis of a Storage System for a Wind Farm with Ramp-Rate LimitationGuglielmo D’Amico0Filippo Petroni1Salvatore Vergine2Department of Economics, University G. D’Annunzio, 65127 Pescara, ItalyDepartment of Management, Marche Polytechnic University, 60121 Ancona, ItalyDepartment of Economics, University G. D’Annunzio, 65127 Pescara, ItalyThis paper provides evidence on how the variability of the power produced by a wind farm and its revenue are affected by implementing a ramp-rate limitation strategy and by adding a storage device to the system. The wind farm receives penalties whenever the ramp-rate limitations are not respected and may be supported by batteries to avoid this scenario. In this paper, we model the battery usage as a discrete time homogeneous Markov chain with rewards thanks to which it is possible to simulate the state of the charge of the battery and to calculate the amount of penalties suffered by the wind farm during any period. An application is performed considering the power produced by a hypothetical wind turbine located in Sardinia (Italy) using real wind speed data and electricity prices from a period of 10 years. We applied the concept of ramp-rate limitation on our hourly dataset, studying several limitation scenarios and battery capacities.https://www.mdpi.com/1996-1073/14/13/4066power rampingenergy storagerevenue processpower wind variabilityMarkov chain
collection DOAJ
language English
format Article
sources DOAJ
author Guglielmo D’Amico
Filippo Petroni
Salvatore Vergine
spellingShingle Guglielmo D’Amico
Filippo Petroni
Salvatore Vergine
An Analysis of a Storage System for a Wind Farm with Ramp-Rate Limitation
Energies
power ramping
energy storage
revenue process
power wind variability
Markov chain
author_facet Guglielmo D’Amico
Filippo Petroni
Salvatore Vergine
author_sort Guglielmo D’Amico
title An Analysis of a Storage System for a Wind Farm with Ramp-Rate Limitation
title_short An Analysis of a Storage System for a Wind Farm with Ramp-Rate Limitation
title_full An Analysis of a Storage System for a Wind Farm with Ramp-Rate Limitation
title_fullStr An Analysis of a Storage System for a Wind Farm with Ramp-Rate Limitation
title_full_unstemmed An Analysis of a Storage System for a Wind Farm with Ramp-Rate Limitation
title_sort analysis of a storage system for a wind farm with ramp-rate limitation
publisher MDPI AG
series Energies
issn 1996-1073
publishDate 2021-07-01
description This paper provides evidence on how the variability of the power produced by a wind farm and its revenue are affected by implementing a ramp-rate limitation strategy and by adding a storage device to the system. The wind farm receives penalties whenever the ramp-rate limitations are not respected and may be supported by batteries to avoid this scenario. In this paper, we model the battery usage as a discrete time homogeneous Markov chain with rewards thanks to which it is possible to simulate the state of the charge of the battery and to calculate the amount of penalties suffered by the wind farm during any period. An application is performed considering the power produced by a hypothetical wind turbine located in Sardinia (Italy) using real wind speed data and electricity prices from a period of 10 years. We applied the concept of ramp-rate limitation on our hourly dataset, studying several limitation scenarios and battery capacities.
topic power ramping
energy storage
revenue process
power wind variability
Markov chain
url https://www.mdpi.com/1996-1073/14/13/4066
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