Robust Optimal Offering and Operation Framework for Hybrid Power Plants
in Voluntary Balancing Markets with Decision Dependent Uncertainties
Abstract
In recent years, utility-scale hybrid power plants (HPPs) have emerged
as promising electricity generation resources by combining multiple
generation technologies and storage capabilities. This paper presents a
novel framework for optimizing the offering and operation of HPPs in the
voluntary balancing market, specifically for providing regulating power
as a balancing service. The proposed framework utilizes a two-level
robust optimization approach, where the first level focuses on
look-ahead offering and operation, and the second level handles
real-time re-scheduling of generation. Uncertainties arising from wind
power and regulating prices are considered as decision-independent
uncertainties (DIU). Conversely, the decisions regarding regulating
power offers influence the uncertainty associated with activated
regulating volumes, leading to decision-dependent uncertainties (DDU).
To tackle the model incorporating both DIU and DDU, this paper
introduces a customized nested adaptive column and constraint generation
(NAC&CG) algorithm that ensures global convergence. The case studies
demonstrate the effectiveness of the proposed model in enabling HPPs to
accurately track the activated regulating volumes, ensuring reliable
provision of balancing service.