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...

This paper addresses the bidding problem faced by a virtual power plant (VPP) in energy, spinning reserve service, and reactive power service market simultaneously. Therefore, a non-equilibrium model based on security constraints price-based unit commitment (SCPBUC), which is take into account the supply-demand balancing and security constraints of VPP, is proposed. By the presented model, VPP ...

This paper employs the "New Empirical Industrial Organization" approach, developed by Panzar-Rosse, which is used to measure the degree of competition and concentration for 23 industries with 2 Digit ISIC code during the period 1997 -2012. Panzar-Rosse model measures market power by studying how changes in factor input price is reflected in equilibrium revenue by firms, and market power is divi...

In restructured power systems, generation companies should offer a power - price curve to the market operator to participate the auction. The proposed bidding curve has a considerable impact on the unit profit, especially in pay as bid markets. The optimal bidding curve depends on the final market clearing price which is uncertain in the stage of bidding. This paper proposes a novel approach f...