Self-scheduling of a wind producer based on Information Gap Decision Theory

M. Moradi-Dalvand, B. Mohammadi-Ivatloo, N. Amjady, H. Zareipour and A. Mazhab-Jafari

Energy, 2015, vol. 81, issue C, 588-600

Abstract: In a competitive market where all producers must participate in the market, WPPs (wind power producers) face two sources of uncertainty: (i) future market prices, and (ii) their production capability in coming hours. In this paper a risk-constrained optimal self-scheduling method for a WPP considering the uncertainty associated with market prices and wind generation is proposed. IGDT (Information Gap Decision Theory) is used to address theses uncertainties in WPP's self-scheduling. The proposed IGDT-based model is a bilevel programming approach, which is transformed to an equivalent single level bilinear programming model that can be solved using available solvers. Numerical simulations and discussions are provided.

Keywords: IGDT (Information-Gap Decision Theory); Electricity markets; Self-scheduling; Uncertainty; Wind producer (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:81:y:2015:i:c:p:588-600

DOI: 10.1016/j.energy.2015.01.002

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