Wind power trading options in Indian electricity market: Inclusion of availability based tariff and day ahead trading

In this paper, the need of suitable mechanism for wind power trading is discussed and the tariff rate decided by state electricity commissions is compared with the rates a wind generator can avail if it opts for unscheduled interchange rates/ day ahead tariff. A Wind generator must buy or sell energy production deviations as per prediction errors when they bid in day-ahead energy markets. A suitable mechanism can mitigate market power and wind generation can be promoted to feed more green power in the grid.