Optimal Wind Power Uncertainty Intervals for Electricity Market Operation
نویسندگان
چکیده
منابع مشابه
Optimal electricity market for wind power
This paper is about electricity market operation when looking from the wind power producers’ point of view. The focus in on market time horizons: how many hours there is between the closing and delivering the bids. The case is for the Nordic countries, the Nordpool electricity market and the Danish wind power production. Real data from year 2001 was used to study the benefits of a more flexible...
متن کاملOptimal Bidding Strategies for Wind Power Producers in the Day-ahead Electricity Market
Wind Power Producers (WPPs) seek to maximize profit and minimize the imbalance costs when bidding into the day-ahead market, but uncertainties in the hourly available wind and forecasting errors make the bidding risky. This paper assumes that hourly wind power output given by the forecast follows a normal distribution, and proposes three different bidding strategies, i.e., the expected profit-m...
متن کاملOptimal Participation of Wind Power in the Liberalized Power Market
While installing wind power into the liberalized power market can reduce the operation and fuel costs of the power system, it also increases the imbalance cost and need for reserve. Due to this contradictory, there is a need for planning the amount of wind power in the power system. This paper proposes a model following American power market rules to find the optimal participation of wind power...
متن کاملDEMO Based Optimal Power Purchase Planning Under Electricity Price Uncertainty
Due to the deregulation of the Electric Supply Industry and the resulting emergence of electricity market, the volumes of power purchases are on the rise all over the world. In a bid to meet the customer’s demand in a reliable and yet economic manner, utilities purchase power from the energy market over and above its own production. This paper aims at developing an optimal power purchase model ...
متن کاملEffects of Wind Power plants on Energy Price and Power Systems Reliability in Imperfect Competition Electricity Market
The benefits of wind power generation have led to an ever-increasing expansion of wind farms around the world. The low cost of production and the environmental benefits of wind farms are some of the main reasons for using wind energy. On the other hand, uncertainty costs in the production and control of the output of wind turbines are among the problems that are being encountered for electricit...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: IEEE Transactions on Sustainable Energy
سال: 2018
ISSN: 1949-3029,1949-3037
DOI: 10.1109/tste.2017.2723907