A large share of integrated wind power causes technical and financial impacts on the operation of the existing electricity system due to the fluctuating behaviour and unpredictability of wind power. The presented stochastic electricity market model optimises the unit commitment considering four kinds of electricity markets (e.g. a spot and balancing market) and taking into account the stochastic behaviour of the wind power generation and of the prediction error. It can be used for the evaluation of varying electricity prices and system costs due to wind power integration and for the investigation of integration measures.
|Title of host publication||2007 IEEE POWER ENGINEERING SOCIETY GENERAL MEETING|
|Place of Publication||Tampa|
|Publication status||Published - 2007|
|Event||2007 IEEE Power Engineering Society General Meeting - Tampa, FL, United States|
Duration: 24 Jun 2007 → 28 Jun 2007
|Conference||2007 IEEE Power Engineering Society General Meeting|
|Period||24/06/2007 → 28/06/2007|