Wind Power Business Day-ahead Market Strategy Bidding Considering Allowable Deviation and Wind Speed Distribution

DOI

10.2991/emcpe-16.2016.147How to use a DOI?

Keywords

Wind farm business; Day-ahead market; Bidding strategy; Allowable deviation

Abstract

With the development of large-scale wind power integration and electricity markets, wind farms business were asked to participate in the electricity market. Because of the volatility and unpredictability of wind power, the wind farm suppliers contribute to obtain benefits in the bidding at the same time, need to bear the imbalances cost of inaccurately reporting output resulting. This paper follows the wind itself the objective law, proposed to charge the imbalance cost of the need to consider the power tolerance, detailed derivation of wind farm business day-ahead market bidding model in the case of wind farm wind speed meet Weibull distribution, the model with the wind farm business expected revenue largest as the goal, day-ahead market the wind farm business obtain bidding output revenue, wind farms business charge imbalance costs of more than the allowable deviation of the power section in the imbalance market. The example detailed analysis of the different wind speed distribution parameters and tolerances ratio on the wind farm business's effect of day-ahead market bidding output.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yi Song
AU  - Xiangyu Zhang
AU  - Dan Li
AU  - Zhengyu Xue
AU  - Zhongfu Tan
AU  - Zhengdong Du
PY  - 2016/08
DA  - 2016/08
TI  - Wind Power Business Day-ahead Market Strategy Bidding Considering Allowable Deviation and Wind Speed Distribution
BT  - Proceedings of the 2016 5th International Conference on Environment, Materials, Chemistry and Power Electronics
PB  - Atlantis Press
SP  - 551
EP  - 556
SN  - 2352-5401
UR  - https://doi.org/10.2991/emcpe-16.2016.147
DO  - 10.2991/emcpe-16.2016.147
ID  - Song2016/08
ER  -