Network constrained model for options based reserve procurement by wind generators using binomial tree

Reza Ghaffari and Bala Venkatesh

Renewable Energy, 2015, vol. 80, issue C, 348-358

Abstract: Wind energy is a key portion of most clean and green energy strategy. However, wind energy is intermittent and uncertain. This uncertainty poses a techno-economic challenge of sourcing the least costing load balancing service (reserve). This paper looks to develop solutions for this challenge.

Keywords: Financial options; Reserve procurement; Forecast error (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:80:y:2015:i:c:p:348-358

DOI: 10.1016/j.renene.2015.02.008

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