Research Article

Optimal Offering and Operating Strategies for Wind-Storage System Participating in Spot Electricity Markets with Progressive Stochastic-Robust Hybrid Optimization Model Series

Table 3

WF-ESS’s actual daily profits of these 30 test days.

test dayNov.2016
12345678910

daily profit (104 DKK)4.5312.6319.4813.039.365.929.8011.2025.2926.73

test dayNov.2016
11121314151617181920

daily profit (104 DKK)13.394.044.384.836.2112.484.763.412.501.00

test dayNov.2016
21222324252627282930

daily profit (104 DKK)5.347.507.909.5212.557.003.7611.404.822.26

total monthly profit(104 DKK)266.75average daily profit (104 DKK)8.89

Note: Take one test day for example, after implementing the proposed model series for this day, WF-ESS’s optimal offering and operating strategies can be obtained. Hence, WF-ESS’s actual daily profit means the daily profit calculated by using the obtained strategies and the realized (actual) available wind power outputs and prices data.