Optimal contracts for wind power producers in electricity markets
Optimal contracts for wind power producers in electricity markets
复制标题
电力市场中风电生产商的最优合同
DOI:
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发表时间:
2010
期刊:
影响因子:
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通讯作者:
P. Varaiya
中科院分区:
文献类型:
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作者:
E. Bitar;A. Giani;R. Rajagopal;Damiano Varagnolo;P. Khargonekar;K. Poolla;P. Varaiya
This paper is focused on optimal contracts for an independent wind power producer in conventional electricity markets. Starting with a simple model of the uncertainty in the production of power from a wind turbine farm and a model for the electric energy market, we derive analytical expressions for optimal contract size and corresponding expected optimal profit. We also address problems involving overproduction penalties, cost of reserves, and utility of additional sensor information. We obtain analytical expressions for marginal profits from investing in local generation and energy storage.