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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Online Access: | https://www.mdpi.com/1996-1073/14/13/4066 |
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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 |
work_keys_str_mv |
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