Probabilistic bidding strategy for wind electricity generation

• Main Author: Lau, Zhao Zhi.
• Other Authors: Govinda Bol Shrestha
• Format: Final Year Project
• Language: English
• Published: 2011
• Subjects: DRNTU::Engineering::Electrical and electronic engineering::Electric power::Auxiliaries, applications and electric industries
• Online Access: http://hdl.handle.net/10356/45617
• Institution: Nanyang Technological University

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 probab...