Wind power trading options in competitive electricity market

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