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In this paper, the value of intra-day markets in managing wind power uncertainty in competitive electricity markets is analyzed. A competitive electricity market model consisting of a day-ahead market and a number of intra-day markets is considered. Real-time operation adjustment is also taken into account. Stochastic programming is used to model decision making under wind power uncertainty. Numerical...
This paper presents the comparison of two solution methods for probabilistic optimal power flow problems; namely, the two-point estimate method (2PEM) and the cumulant method (CM). The goal of the P-OPF problem is to determine the probability distributions for all random variables in the problem. In this paper, bus loading and generators' supply power bids are considered as uncertain or probabilistic...
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