European Transactions on Electrical Power, Volume (21), No (8), Year (2011-11)

Title : ( Impact of Wind Integration on Electricity Markets: A Chance-Constrained Nash Cournot )

Authors: M.Mazadi , W. D. Rosehart , H. Zareipour , O. P. Malik , Majid Oloomi Buygi ,

Citation: BibTeX | EndNote

Abstract

Wind-powered electricity generation is growing at a high rate around the world, mainly driven by the associated environmental benefits. However, because of the uncertain nature of wind energy, large-scale integration of wind-powered generators into power systems introduces uncertainty of supply in the operation and planning of electric energy systems. A chance-constrained model is presented to study the strategic behavior of power suppliers (firms) with respect to the wind generation uncertainty in an electricity market. The Linear Complementarity Problem (LCP) of a Nash-Cournot competition is extended to account for the wind generation uncertainty. An iterative solution approach is introduced to solve the resultant joint chance-constrained programming problem. Five studies were conducted to show the impact of the amount, location and standard deviation of the wind generation and transmission line limits on the suppliers’ profit in the Nash-Cournot game for different confidence levels. The value of stochastic solution index is used to evaluate the suppliers’ loss of profit. The numerical results for a 3-bus test system are given to verify the formulation and the solution approach.

Keywords

, Wind power integration, Wind power uncertainty, Chanceconstrained programming
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@article{paperid:1027214,
author = {M.Mazadi and W. D. Rosehart and H. Zareipour and O. P. Malik and Oloomi Buygi, Majid},
title = {Impact of Wind Integration on Electricity Markets: A Chance-Constrained Nash Cournot},
journal = {European Transactions on Electrical Power},
year = {2011},
volume = {21},
number = {8},
month = {November},
issn = {1430-144x},
keywords = {Wind power integration; Wind power uncertainty; Chanceconstrained programming},
}

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%0 Journal Article
%T Impact of Wind Integration on Electricity Markets: A Chance-Constrained Nash Cournot
%A M.Mazadi
%A W. D. Rosehart
%A H. Zareipour
%A O. P. Malik
%A Oloomi Buygi, Majid
%J European Transactions on Electrical Power
%@ 1430-144x
%D 2011

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