Abstract Views :233 |
PDF Views:0
Authors
Affiliations
1 Department of Electrical Engineering, Naragh Branch, Islamic Azad University, Naragh, IR
Source
Indian Journal of Science and Technology, Vol 7, No 8 (2014), Pagination: 1107-1113
Abstract
Under a market framework, the development of optimal offering strategies is crucial for wind power producers to achieve maximum profit. In this paper, a two-stage stochastic programming approach is proposed, considering the uncertainties on wind power production and electricity market prices. An artificial intelligence model allows generating wind-price scenarios. Also, risk management is appropriately addressed. Results from a real-world case study are presented, in order to illustrate the proficiency of the proposed approach.
Keywords
Risk, Generation, Wind Energy, Uncertainty, Producer
Full Text