Impact of wind farm integration on electricity market prices

Research output: Contribution to journalArticlepeer-review

45 Scopus citations

Abstract

Wind generation is considered one of the most rapidly increasing resources among other distributed generation technologies. Recently, wind farms with considerable output power rating are installed. The variability of the wind output power, and the forecast inaccuracy could have an impact on electricity market prices. These issues have been addressed by developing a single auction market model to determine the close to real-time electricity market prices. The market-clearing price was determined by formulating an optimal power flow problem while considering different operational strategies. Inaccurate power prediction can result in either underestimated or overestimated market prices, which would lead to either savings to customers or additional revenue for generator suppliers.

Original languageBritish English
Pages (from-to)84-95
Number of pages12
JournalIET Renewable Power Generation
Volume3
Issue number1
DOIs
StatePublished - 2009

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