Optimal offering strategies to the day-ahead market by a wind power producer

• Type: Article in International Conference Proceedings Book
• Date: 2011

Authors

Pousinho, HMI (Author) Other; Mendes, VMF (Author) Other; Catalao, JPS (Author) Other

Conference proceedings International

Title: IET Conference Publications

Final page: 183

IET Conference on Renewable Power Generation, RPG 2011

Edinburgh, 9 May 2011 through 8 September 2011

Indexing

Scopus - 1 Citation

Other information

Authenticus ID: P-008-23J

DOI: 10.1049/cp.2011.0172

Abstract (EN): This paper develops a computational tool, based on two-stage stochastic programming, for a wind power producer bidding in the electricity market. The uncertainty related to electricity market prices and wind power production is taken into account. A hybrid intelligent technique, combining wavelet transform, particle swarm optimization and adaptive-networkbased fuzzy inference system, enables the generation of scenarios. Besides, risk aversion is considered using the conditional value-at-risk methodology. Computer simulation results are provided and analyzed. Finally, conclusions are duly drawn.

Language: English

Type (Professor's evaluation): Scientific