Analytical Model of Day-ahead and Real-time Price Correlation in Strategic Wind Power Offering

In this paper, the model of strategic wind power offering in the day-ahead (DA) market is proposed considering the uncertainties of wind power production, and price forecasting of DA and real-time (RT) market. The wind power deviation in the RT market is settled with the two-price mechanism based on...

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Bibliographic Details
Main Authors: Xin Fang, Mingjian Cui
Format: Article
Language:English
Published: IEEE 2020-01-01
Series:Journal of Modern Power Systems and Clean Energy
Subjects:
Online Access:https://ieeexplore.ieee.org/document/9169982/