Optimal offering strategy for a concentrating solar power plant

R. Dominguez, L. Baringo and A.J. Conejo

Applied Energy, 2012, vol. 98, issue C, 316-325

Abstract: This paper provides a methodology to build offering curves for a concentrating solar power plant. This methodology takes into account the uncertainty in the thermal production from the solar field and the volatility of market prices. The solar plant owner is a price-taker producer that participates in a pool-based electricity market with the aim of maximizing its expected profit. To enhance the value of the concentrating solar power plant, a molten salt heat storage is considered, which allows producing electricity during periods without availability of the solar resource. To derive offering curves, a mixed-integer linear programming model is proposed, which is robust from the point of view of the uncertainty associated with the thermal production of the solar field and stochastic from the point of view of the uncertain market prices.

Keywords: Concentrating solar power plant; Electricity market; Robust optimization; Stochastic programming; Thermal energy storage (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (47)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:98:y:2012:i:c:p:316-325

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DOI: 10.1016/j.apenergy.2012.03.043

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