@conference { ,
	title = {On the optimal participation in electricity markets of wind power plants with battery energy storage systems},
	year = {2016},
	month = {3-6/07/2016},
	pages = {322},
	type = {contributed presentation.},
	address = {Poznan, Poland},
	abstract = {The recent cost reduction and technologic advances in medium to large scale Battery Energy Storage Systems (BESS) makes these devices a real choice alternative for wind producers operating in electricity markets. The association of a wind power farm with a BESS (the so called Virtual Power Plant VPP) provides utilities with a tool to turn the uncertainty wind power production into a dispatchable technology enabled to operate not only in the spot and adjustment markets (day-ahead and intraday markets) but also in ancillary services markets that, up to now, was forbidden to non-dispatchable technologies. Even more, recent studies have shown that the capital cost investment in BESS can only be recovered through the participation of such a VPP in the ancillary services markets. We present in this study a stochastic programming model to find the optimal participation of a VPP to the day-ahead market and secondary reserve markets (the most relevant ancillary service market) where the uncertainty in wind power generation and markets prices (day-ahead ancillary services) has been considered. A case study with real data from the Iberian Electricity Market is presented.},
	keywords = {research; VPP; wind generation; battery energy storage system; stochastic programming; electricity market; optimal bid},
	URL = {http://www.euro2016.poznan.pl/},
	author = {F.-Javier Heredia and Cristina Corchero and Marlyn D. Cuadrado}
}

