Market Clearing under Uncertainty: Wind Energy

Antonio J. Conejo (), Miguel Carrión () and Juan M. Morales ()
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Antonio J. Conejo: University of Castilla – La Mancha
Miguel Carrión: University of Castilla – La Mancha
Juan M. Morales: University of Castilla – La Mancha

Chapter Chapter 11 in Decision Making Under Uncertainty in Electricity Markets, 2010, pp 405-446 from Springer

Abstract: Abstract Power systems are subject to a great variety of uncertainties. Restructuring and competition in electricity systems are definitely contingent on the available means to overcome the difficulties brought by these uncertainties. In the case of electricity trade, holding a competitive framework constitutes a task tougher than for other commodities due to the particularities of the electricity transactions. As a key example, the transmission of electrical energy is such that the production and consumption at a given bus of the system do affect the entire system. Therefore, the actions to be carried out in order to accommodate these uncertainties without compromising the consistency of the tradecall for a global management able to involve, if required, the participation of every agent in the system.

Keywords: Wind Power; Electricity Market; Market Clear; Wind Generation; Wind Power Generation (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1007/978-1-4419-7421-1_11

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