A Unified Trading Model Based on Robust Optimization for Day-Ahead and Real-Time Markets with Wind Power Integration

In a conventional electricity market, trading is conducted based on power forecasts in the day-ahead market, while the power imbalance is regulated in the real-time market, which is a separate trading scheme. With large-scale wind power connected into the power grid, power forecast errors increase i...

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Bibliographic Details
Main Authors: Yuewen Jiang, Meisen Chen, Shi You
Format: Article
Language:English
Published: MDPI AG 2017-04-01
Series:Energies
Subjects:
Online Access:http://www.mdpi.com/1996-1073/10/4/554