The increase of renewable sources in the power sector is an important step towards more sustainable electricity production. However, introducing high shares of variable renewables, such as wind and solar, cause dispatchable power plants to vary their output to fulfill the remaining electrical...

A Markov-switching model in wind speed forecasting is examined in this research. The proposed method employs a regime switching process governed by a discrete-state Markov chain to model the nonlinear evolvement of the wind speed time-series. A Bayesian inference rather than the traditional...

Limited dispatchability of wind parks and unexpected grid power injections create unbalances between the generated electric power and the actual required power that has to be reduced for proper operation of the electrical grid. The increasing amount of renewable energy sources stresses this...

In this paper, we propose a new unit commitment model that captures the sub-hourly variability of wind power. Scenarios are included in the stochastic unit commitment formulation to represent the uncertainty and intermittency of wind power output. A modified Benders decomposition method is used...

This paper, for the first time, adopts agent-based simulation approach to investigate the bidding optimization of a wind generation company in the deregulated day-ahead electricity wholesale markets, by considering the effect of short-term forecasting accuracy of wind power generation. Two...

Within an existing transmission network, this paper considers the problem of identifying the wind power plants to be built by a wind power investor to maximize its profit. For this analysis a future target year is considered and the loads at different buses are represented by stepwise...

Wind power time series usually show complex dynamics mainly due to non-linearities related to the wind physics and the power transformation process in wind farms. This article provides an approach to the incorporation of observed local variables (wind speed and direction) to model some of these...

There is a dichotomy in the view of wind farms among members of the public: on one hand, there is a desire for renewable energy sources, and on the other hand, there is a major concern about the visual impact of wind turbines used for power production. This concern for visual impact is a major...

In this paper, we investigate the representation of wind power forecasting (WPF) uncertainty in the unit commitment (UC) problem. While deterministic approaches use a point forecast of wind power output, WPF uncertainty in the stochastic UC alternative is captured by a number of scenarios that...

A model for thermo-economic analysis and optimization of a hybrid power plant consisting of compressed air energy storage (CAES) coupled with a wind farm and a photovoltaic plant is presented. This kind of plant is aiming to overcome some of the major limitations of renewable energy sources,...