Comprehensive wind power interconnection evaluation method based on LMP market simulation

This study provides valuable evaluations and recommendations for the interconnection of large wind projects to a major power grid. Focusing on the intermittent nature of the wind power, a Monte Carlo method has been included in the power market simulation. By performing a dispatch for each hour, the expected behavior of generating resources in the market under a variety of conditions can be studied. The probabilistic nature of the revenue of a wind farm was analyzed to provide complete information for comparing different wind farm interconnection alternatives. This kind of method provides important information which is much more consistent with future realistic wind farm performance. By evaluating the probabilistic results, the best wind farm interconnect location will be chosen.