Title :
Wind power trading options in competitive electricity market
Author :
Singh, S.N. ; Erlich, I.
Author_Institution :
Dept. of Electr. & Commun. Eng., Duisburg Univ.
Abstract :
Integration of wind power into the competitive electricity market presents challenges to power system planners and operators. It is not possible for wind generators to bid into the competitive electricity market due to high cost and intermittent nature of available power. This paper analyses and proposes the pricing mechanism for wind power in the competitive electricity market. The both demand and supply side bidding scenarios with case studies are presented in the paper. The impact of wind power in market mechanism such as market collusion, ancillary series and market power are also discussed. This paper could be guide line for the policy makers and market operators to promote the wind power with system reliability and security
Keywords :
power generation economics; power generation planning; power generation reliability; power markets; power system security; pricing; wind power plants; ancillary series; demand and supply side bidding scenarios; electricity market; policy makers; power system planners; system reliability; system security; wind generators; wind power trading options; Costs; Electricity supply industry; Power generation; Power system analysis computing; Power system security; Pricing; Reliability; Wind energy; Wind energy generation; Wind power generation; Competitive power market; Wind power; bidding; market clearing price;
Conference_Titel :
Power Engineering Society General Meeting, 2006. IEEE
Conference_Location :
Montreal, Que.
Print_ISBN :
1-4244-0493-2
DOI :
10.1109/PES.2006.1709060
