Risk-constrained self-scheduling of a hybrid power plant considering interval-based intraday demand response exchange market prices

Hybrid power plants (HPPs) integrating dispatchable and non-dispatchable generation are gaining attention by companies due to their increased flexibility in the operation of system. In this paper, an offering bidding framework for HPP consisting wind, photovoltaic (PV), compressed air energy storage (CAES), battery (BES), thermal units day-ahead (DA) intraday markets is presented. Moreover, interaction between demand response providers (DRPs) through exchange (IDREX) market incorporated into proposed model. The existing uncertainties such as DA, intraday, imbalance prices, along with renewable IDREX market, tackled via a hybrid stochastic-interval approach. suggested structure not only capable handling both stochastic interval but also can manage risk associated uncertainty characterization methods. To end, risk-constrained model turns tri-objective optimization problem which normal boundary intersection (NBI) procedure applied its solution. numerical results demonstrate that well simultaneously reaching risk-taker risk-averse strategies.