Risk-constrained bidding strategy for wind power producer in day-ahead and balancing markets

Joint Authors

Askari, Muhammad Tulu
Reyasudin, M.
Khan, Basir
Pasupuleti, Jagadeesh
Tahmasebi, Mehrdad

Source

Journal of Electrical Systems

Issue

Vol. 14, Issue 4 (31 Dec. 2018), pp.34-47, 14 p.

Publisher

Piercing Star House

Publication Date

2018-12-31

Country of Publication

Algeria

No. of Pages

14

Main Subjects

Earth Sciences, Water and Environment
Electronic engineering

Topics

Abstract EN

Participation of wind power producer in competitive electricity markets face to numerous challenges is caused by wind power and electricity price uncertainties.

For overcome to this challenges the risk-constrained optimal bidding strategy for wind power producer in the short term electricity markets is proposed in this paper.

The proposed mathematical model has been solved and optimized based on the stochastic programming method in General Algebraic Modeling System (GAMS) software environment.

The comparative results of the three cases of various risk penalty factor, have been shown with the increase of the risk penalty factor, the amount of power bidding in day-ahead electricity market and expected profit decreased.

Also, positive imbalance and CVaR are increased.

American Psychological Association (APA)

Tahmasebi, Mehrdad& Pasupuleti, Jagadeesh& Askari, Muhammad Tulu& Reyasudin, M.& Khan, Basir. 2018. Risk-constrained bidding strategy for wind power producer in day-ahead and balancing markets. Journal of Electrical Systems،Vol. 14, no. 4, pp.34-47.
https://search.emarefa.net/detail/BIM-833591

Modern Language Association (MLA)

Tahmasebi, Mehrdad…[et al.]. Risk-constrained bidding strategy for wind power producer in day-ahead and balancing markets. Journal of Electrical Systems Vol. 14, no. 4 (2018), pp.34-47.
https://search.emarefa.net/detail/BIM-833591

American Medical Association (AMA)

Tahmasebi, Mehrdad& Pasupuleti, Jagadeesh& Askari, Muhammad Tulu& Reyasudin, M.& Khan, Basir. Risk-constrained bidding strategy for wind power producer in day-ahead and balancing markets. Journal of Electrical Systems. 2018. Vol. 14, no. 4, pp.34-47.
https://search.emarefa.net/detail/BIM-833591

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references : p. 46-47

Record ID

BIM-833591