Advertisement
Published in:
2015 | OriginalPaper | Chapter
Offering Strategies of Wind Power Producers in a Day-Ahead Electricity Market
Authors : R. Laia, H. M. I. Pousinho, R. Melício, V. M. F. Mendes, M. Collares-Pereira
Published in: Technological Innovation for Cloud-Based Engineering Systems
Publisher: Springer International Publishing
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
This paper presents a stochastic optimization-based approach applied to offer strategies of a wind power producer in a day-ahead electricity market. Further from facing the uncertainty on the wind power the market forces wind power producers to face the uncertainty of the market-clearing electricity price. Also, the producer faces penalties in case of being unable to fulfill the offer. An efficient mixed-integer linear program is presented to develop the offering strategies, having as a goal the maximization of profit. A case study with data from the Iberian Electricity Market is presented and results are discussed to show the effectiveness of the proposed approach.