Risk Management Strategies for a Wind Power Producer in Electricity Markets

Autor:	Ali Madanimohammadi, Mohammadreza Janghorbani, Seyed Mohammad Shariatmadar, Vahid Amir, Mohammad Ghanbari Jolfaei
Rok vydání:	2014
Předmět:	Multidisciplinary Wind power business.industry Computer science Electricity market Electricity Environmental economics business Profit (economics) Stochastic programming Risk management
Zdroj:	Indian Journal of Science and Technology. 7:1107-1113
ISSN:	0974-5645 0974-6846
DOI:	10.17485/ijst/2014/v7i8.2
Popis:	Under a market framework, the development of optimal offering strategies is crucial for wind power producers to achieve maximum profit. In this paper, a two-stage stochastic programming approach is proposed, considering the uncertainties on wind power production and electricity market prices. An artificial intelligence model allows generating wind-price scenarios. Also, risk management is appropriately addressed. Results from a real-world case study are presented, in order to illustrate the proficiency of the proposed approach.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::c0fe7d7c606f883edba3ac5b5194c6f4 https://doi.org/10.17485/ijst/2014/v7i8.2 Zobrazit plný text záznamu