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Offering Strategies of Wind Power Producers in a Day-Ahead Electricity Market

Abstract : This paper presents a stochastic optimization-based approach applied to offer strategies of a wind power producer in a day-ahead electricity market. Further from facing the uncertainty on the wind power the market forces wind power producers to face the uncertainty of the market-clearing electricity price. Also, the producer faces penalties in case of being unable to fulfill the offer. An efficient mixed-integer linear program is presented to develop the offering strategies, having as a goal the maximization of profit. A case study with data from the Iberian Electricity Market is presented and results are discussed to show the effectiveness of the proposed approach.
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R. Laia, H. Pousinho, R. Melício, V. Mendes, M. Collares-Pereira. Offering Strategies of Wind Power Producers in a Day-Ahead Electricity Market. 6th Doctoral Conference on Computing, Electrical and Industrial Systems (DoCEIS), Apr 2015, Costa de Caparica, Portugal. pp.385-394, ⟨10.1007/978-3-319-16766-4_41⟩. ⟨hal-01343507⟩

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