Scheduling a Wind Hydro-Pumped-Storage Unit Considering the Economical Optimization

Milad Ghaisi Rad¹, Milad Rahmani², Pedram Gharghabi^3, , Ali Zoghi² and Seyed Hossein Hosseinian²

¹Electrical and Computer Engineering Department, University of Nebraska-Lincoln, Lincoln, United States

²Department of Electrical Engineering, Amirkabir University of Technology, Tehran, Iran

³Department of Computer and Electrical Engineering, Mississippi State University, Starkville, United States

Cite this paper:
Milad Ghaisi Rad, Milad Rahmani, Pedram Gharghabi, Ali Zoghi and Seyed Hossein Hosseinian. Scheduling a Wind Hydro-Pumped-Storage Unit Considering the Economical Optimization. American Journal of Electrical and Electronic Engineering. 2017; 5(1):16-22. doi: 10.12691/ajeee-5-1-3

Abstract

In this paper a new approach has been introduced to find the optimum capacity of a wind farm to cooperate with a hydro-pumped-storage in order to maximize the income and optimize the payback period of their combination. First, Monte Carlo method has been used to generate the annual price and wind speed values. Then, an operating policy has been considered to schedule each unit generating and saving the produced energy by the wind farm. Subsequently, simulations have been carried out in MATLAB M-File environment to show the effectiveness of the presented method. Finally, results are presented in various circumstances to help the owner to select the optimum condition for constructing a wind hydro-pumped-storage system.

Keywords:
wind farm pumped-storage wind hydro-pumped-storage optimize the payback period Monte Carlo

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