Short-term strategies for Dutch wind power producers to reduce imbalance costs

José Chaves-Ávila, Rudi A. Hakvoort and Andrés Ramos

Energy Policy, 2013, vol. 52, issue C, 573-582

Abstract: The paper assesses bidding strategies for a wind power producer in the Netherlands. To this end, a three-stage stochastic optimization framework is used, maximizing wind power producer's profit using the day-ahead and cross-border intraday market, taking into account available interconnection capacity. Results show that the wind power producer can increase its profits by trading on the intraday market and – under certain imbalance prices – by intentionally creating imbalances. It has been considered uncertainties about prices, power forecast and interconnection capacity at the day-ahead and intraday timeframes.

Keywords: Bidding strategies; Wind power; Stochastic programming (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:52:y:2013:i:c:p:573-582

DOI: 10.1016/j.enpol.2012.10.011

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