Development of risk-constrained offering strategies for a wind power producer under uncertainty

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

Authors

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

Conference proceedings International

Title: 17th Power Systems Computation Conference, PSCC 2011

17th Power Systems Computation Conference, PSCC 2011

22 August 2011 through 26 August 2011

Indexing

Scopus - 0 Citations

Other information

Authenticus ID: P-00G-QPS

Abstract (EN): 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. Finally, conclusions are duly drawn.

Language: English

Type (Professor's evaluation): Scientific