| Title |
An Offer Method for Photovoltaic Power Plants with ESSs Considering Incentives for Forecasting Accuracy of Renewable Generation |
| Authors |
유환욱(Hwan-Uk Yu) ; 김산(San Kim) ; 위영민(Young-Min Wi) ; 이재희(Jaehee Lee) |
| DOI |
https://doi.org/10.5370/KIEE.2022.71.8.1076 |
| Keywords |
Generation offering; Incentive for renewable forecasting; PV generation; ESS. |
| Abstract |
In order to mitigate the issues caused by the Photovoltaic (PV) power forecasting error, an incentive program for accurate renewable forecasting is recently introduced in Korea. In the incentive program, PV generators with energy storage systems (ESSs) can get incentives based on their hourly forecasting error which is calculated with generation offer in the day-ahead market. To increase economic benefits from the incentive program, PV generators should offer the strategical scheduling of their generation considering the characteristics of their forecasting error and operations of ESSs. This paper proposed a generation offering method for PV generators in the day-ahead market considering the incentive for accurate renewable forecasting. Numerical simulation results are presented to show the economic impact of the proposed generation offering method. |