Probabilistic bidding strategy for wind electricity generation

• المؤلف الرئيسي: Lau, Zhao Zhi.
• مؤلفون آخرون: Govinda Bol Shrestha
• التنسيق: Final Year Project
• اللغة: English
• منشور في: 2011
• الموضوعات: DRNTU::Engineering::Electrical and electronic engineering::Electric power::Auxiliaries, applications and electric industries
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/45617

The generation companies require a good bidding strategy in order to succeed in competitive power markets. For wind power plants, the available generation capacity is uncertain as it depends on the wind velocity. This introduces additional difficulty in the bidding task. In this thesis, a new probabilistic strategy for wind generation companies is determined based on the historical electrical price models and the historical wind speed data.