Long Term Expected Revenue of Wind Farms Considering the Bidding Admission Uncertainty

Long Term Expected Revenue of Wind Farms Considering the Bidding Admission Uncertainty

As a long term bidding behavior, bid shading is exhibited by wind farms participating in real Uniform Price (UP) markets. This signifies that the wind farm owners bid far below their true long run marginal cost. In this paper, a method is proposed to consider the uncertainty of bidding admission in...

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Bibliographic Details
Main Authors: Mazaher Haji Bashi, Gholamreza Yousefi, Claus Leth Bak, Jayakrishnan Radhakrishna Pillai
Format: Article
Language:English
Published: MDPI AG 2016-11-01
Series:Energies
Subjects:
wind farm expected revenue
market price uncertainty
bidding Admission uncertainty
genetic algorithm
PAB and UP auctions
long term bidding behavior
Online Access:http://www.mdpi.com/1996-1073/9/11/945

Internet

http://www.mdpi.com/1996-1073/9/11/945

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