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Strategies for Wind Power Trading in Competitive Electricity Markets

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2 Author(s)
Singh, S.N. ; Duisburg-Essen Univ., Duisburg ; Erlich, I.

The emergence of independent generators and new technologies over past decades has led to the competition in the electricity sector to encourage development of a more market-based electricity industry. The success of wind energy under new market structures will depend, to a large degree, on the market rules on technical and financial aspects. This paper proposes a suitable trading option for wind power in the emerging electricity market for its sustainable development. Market clearing price with and without wind power has been analyzed in both supply side and demand side bidding scenarios for linear bid and block bid trading models. Several other aspects of wind power in electricity market have also been highlighted. This paper could be a guideline for the policy makers and market operators to promote the wind power with system reliability and security.

Published in:

Energy Conversion, IEEE Transactions on  (Volume:23 ,  Issue: 1 )