Multi-timescale coordinated operation of a CHP plant-wind farm portfolio considering multiple uncertainties

This paper proposes a multi-timescale coordinated operation approach which coordinates the combined heat and power (CHP) plant wind farm in deregulated day-ahead market real-time balancing electricity market. aims to optimize profits of CHP-wind portfolio by considering energy sale penalty two-price Multiple uncertainties load, generation, price, up- down-regulation prices are taken into account for optimal operation. A stochastic optimization method is applied solve proposed problem. The simulated on real-life system Copenhagen Denmark where an company owns both CHP farm. simulation results verify that can achieve profitable markets highly robust against multiple uncertainties.